Tag: KATI

KARACHI: In a bid to address the longstanding issues faced by the Korangi Association of Trade and Industry (KATI), Sindh Minister of Local Government, Housing Town Planning, and Public Health Engineering, Saeed Ghani, has announced the formation of a dedicated committee comprising municipal officers.

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KARACHI: Governor Sindh, Kamran Khan Tessori, made a candid admission on Thursday, declaring that Karachi has relinquished its position as Pakistan’s economic epicenter.

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Karachi, May 13, 2024 – The Korangi Association of Trade and Industry (KATI) has called for an immediate reduction in the benchmark policy rate following a significant decline in weekly inflation, as reported by the Bureau of Statistics.

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Karachi, April 26, 2024 – The Korangi Association of Trade and Industry (KATI) has made a strong appeal for the inclusion of agricultural income in the national tax framework in the upcoming 2024-25 budget announcement.

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Karachi, April 1, 2024 – The recent surge in petrol prices has sparked outrage within the industry, with stakeholders warning of dire consequences for the economy and the general populace. Amidst mounting concerns over inflation and economic hardships, industry leaders are calling for immediate action to address the burgeoning crisis.

The Korangi Association of Trade and Industry (KATI) has emerged as a vocal critic of the sharp increase in petrol prices, denouncing it as a blow to businesses and households already grappling with financial strains. President Johar Qandhari led the charge, lambasting the government’s decision and demanding tangible relief measures for affected sectors.

Qandhari minced no words in expressing his disappointment, particularly in light of the 9.66 rupees hike in petrol prices. He warned that such exorbitant increments would only exacerbate the economic woes of the working class and vulnerable segments of society, potentially pushing more individuals below the poverty line.

While acknowledging the marginal reduction in diesel prices by 3.32 rupees, Qandhari asserted that this token gesture fell short of addressing the overarching challenges faced by industries reliant on transportation and logistics. He cautioned that without substantial decreases in diesel costs, the promised benefits would remain elusive for both businesses and consumers alike.

The ripple effects of the petrol price surge were not lost on Qandhari, who pointed to the inevitable consequences of increased transport fares, elevated utility bills, and inflationary pressures on essential commodities. He emphasized the urgent need for decisive action to alleviate the economic strain inflicted on businesses and households.

Beyond immediate concerns, Qandhari underscored the broader ramifications of inflation, ranging from dwindling job opportunities to the specter of industrial closures and dwindling investment. He implored the government to implement comprehensive measures aimed at reining in production costs and effectively curbing inflationary trends.

In a gesture of optimism tinged with skepticism, Qandhari expressed hope that the government would heed the cries of the populace and undertake substantive steps to mitigate their hardships. The onus, he emphasized, lay squarely on policymakers to deliver meaningful relief in the face of mounting economic challenges.

As industry voices unite in condemnation of the petrol price hike, the ball now rests in the government’s court to chart a course of action that balances fiscal prudence with social responsibility. The stakes are high, and the clock is ticking as businesses and households brace for the impact of soaring fuel costs on their already strained budgets.

Karachi: The industrial sector in Pakistan has called upon authorities to take decisive action in abolishing Section 8B of the Sales Tax Act, 1990, asserting that such a move is crucial for fostering industrial growth in the country.

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KARACHI: The Korangi Association of Trade and Industry (KATI) has strongly denounced the proposed increase in gas tariffs for industrial consumers, calling for urgent relief measures to alleviate the burdens faced by manufacturers.

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Karachi, March 12, 2024 – Prominent industrialists and business leaders in Karachi have come together to condemn the alleged misuse of the cheque bounce law by authorities, expressing concern over a new wave of fraud targeting industrialists and businessmen.

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Karachi, February 1, 2024 – The Korangi Association of Trade and Industry (KATI) has raised its voice against the recent surge in petrol prices, labeling it as unjust, particularly when the exchange rate remains stable.

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