Dec 5

PSW Shares Upcoming Integrations for Swift Clearance

Karachi, December 5, 2024 – Pakistan Single Window (PSW) has announced a series of initiatives aimed at streamlining processes and integrating various organizations and stakeholders to ensure swift and efficient clearance for businesses. These efforts are designed to simplify the clearance procedures for the trade community by enhancing coordination between regulatory bodies, service providers, and […]

by Shahnawaz Akhter

KCCI Demands Removal of MRP Tea Valuation for Tax Collection

Dec 2

Taxation, Trade & Industry

KCCI Demands Removal of MRP Tea Valuation for Tax Collection

Karachi, December 2, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the authorities to remove the Minimum Retail Price (MRP) regulation from the tax valuation of tea. In a statement issued on Monday, KCCI President Muhammad Jawed Bilwani expressed strong opposition to the recent decision by the Federal Board of Revenue […]

by Shahnawaz Akhter

UAE Consul General Celebrates 53rd National Day at KCCI

Nov 28

Trade & Industry, World

UAE Consul General Celebrates 53rd National Day at KCCI

Karachi, November 28, 2024 – The Consul General (CG) of the United Arab Emirates (UAE), Bakheet Ateeq Al Rumeithi, celebrated the 53rd National Day of the UAE at an event organized by the Karachi Chamber of Commerce & Industry (KCCI), emphasizing the deep-rooted friendship between the UAE and Pakistan.

by Shahnawaz Akhter

High Tax Rates in Pakistan Impede Swedish Investment: Envoy

Nov 21

Trade & Industry

High Tax Rates in Pakistan Impede Swedish Investment: Envoy

KARACHI: The Ambassador of Sweden, Ms. Alexandra Berg von Linde, highlighted the challenges that Swedish companies face in Pakistan, including high tax rates, when discussing Sweden-Pakistan trade and investment relations.

by Shahnawaz Akhter

KCCI Flays Restoration of Affidavit Condition for Sales Tax Returns

Nov 9

Taxation, Trade & Industry

KCCI Flays Restoration of Affidavit Condition for Sales Tax Returns

Karachi, November 9, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) expressed its strong opposition on Saturday to the recent reinstatement of the affidavit requirement for filing sales tax returns. KCCI President Muhammad Jawed Bilwani sharply criticized the move, demanding the immediate suspension of the affidavit mandate until substantial consultations with stakeholders have […]

by Shahnawaz Akhter

KCCI Criticizes SBP’s 2.5% Policy Rate Cut as Inadequate

Nov 4

Trade & Industry

KCCI Criticizes SBP’s 2.5% Policy Rate Cut as Inadequate

Karachi, November 4, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) expressed strong dissatisfaction on Monday with the State Bank of Pakistan’s (SBP) decision to reduce the benchmark policy rate by 2.5%, deeming the measure insufficient to address the needs of Pakistan’s business community.

by Shahnawaz Akhter

KCCI Urges SBP for Bold 500bps Rate Cut to Stimulate Economy

Nov 1

Trade & Industry

KCCI Urges SBP for Bold 500bps Rate Cut to Stimulate Economy

Karachi, November 1, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has called on the State Bank of Pakistan (SBP) to implement a substantial interest rate cut of 500 basis points, citing a marked decline in inflation and urging economic revival measures.

by Shahnawaz Akhter

KCCI Appeals Govt to Notify Six-Day Workweek to Boost Economy

Oct 24

Trade & Industry

KCCI Appeals Govt to Notify Six-Day Workweek to Boost Economy

Karachi, October 24, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the federal government to reintroduce a six-day working week for both federal and provincial government institutions to bolster the economy and facilitate the business sector.

by Shahnawaz Akhter

KCCI Urges Govt to Apply Face Recognition for Senior Citizens

Oct 21

Trade & Industry

KCCI Urges Govt to Apply Face Recognition for Senior Citizens

Karachi, October 21, 2024 – In response to the persistent struggles faced by millions of senior citizens across Pakistan, the Karachi Chamber of Commerce & Industry (KCCI) has called upon the government to urgently replace the existing biometric verification system with a more advanced face recognition technology.

by Faisal Shahnawaz

KCCI Advises FBR to Delay Affidavit Condition for Sales Tax Filings

Oct 16

Trade & Industry

KCCI Advises FBR to Delay Affidavit Condition for Sales Tax Filings

Karachi, October 16, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly urged the Federal Board of Revenue (FBR) to reconsider the recently imposed requirement for taxpayers to submit an affidavit alongside their sales tax return filings. This advisory comes in light of growing concerns about the potential implications of this regulation […]

by Shahnawaz Akhter