Industry rejects cut in gas supply; terms anti-business move

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) on Friday strongly rejected the cut in gas supply for industrial consumers and CNG stations. Chairman Businessmen Group (BMG) and Former President KCCI Siraj... Read more »

KCCI rejects extension in lockdown

KARACHI: Business community on Wednesday rejected the extension in lockdown till July 15, 2020 by the Sindh government and said that procedures should be laid down to allow business activities. Karachi Chamber... Read more »

KCCI urges K-Electric to stop load shedding

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has expressed serious concerns of electricity shortfall which caused massive losses to trade and industry. Agha Shahab Ahmed Khan, President KCCI urged the K-Electric... Read more »

KCCI declares policy rate cut insufficient

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) is not satisfied with one percent interest rate cut by the State Bank of Pakistan (SBP) and said it is very little reduction. Chairman... Read more »

KCCI submits recommendations to rectify anomalies in Finance Bill 2020

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has submitted its recommendations for rectification of anomalies in the Finance Bill, 2020. The KCCI in a communication on Friday with the Chairmen/Co-Chairmen of... Read more »

SBP disburses Rs96 billion under refinance scheme to dilute COVID impact

KARACHI: Dr. Reza Baqir, Governor, State Bank of Pakistan (SBP) has said that so far around 1320 companies availed SBP’s refinance scheme and a sum of Rs96 billion has been disbursed to... Read more »

Hafeez Shaikh assures business community of presenting relief budget

KARACHI: Dr. Abdul Hafeez Shaikh, Advisor to Prime Minister on Finance and Revenue, has said that the upcoming budget 2020/2021 will be a relief budget and most of the recommendations of business... Read more »

FBR urged to allow tax holiday on import of industrial raw material

KARACHI: Federal Board of Revenue (FBR) has been urged to allow tax holiday to import of industrial raw material in order to help the country to fetch much needed foreign exchange through... Read more »

KCCI urges government to shun pick, choose policy for business relief

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has urged the government functionaries to avoid ‘pick and choose’ strategy for providing relief to businesses as it will never benefit the national... Read more »

FBR officials treat taxpayers as criminal using search powers

KARACHI: Business community has resented the use of powers related to search by Inland Revenue officers and treating registered taxpayers as criminal. Karachi Chamber of Commerce and Industry (KCCI) in its proposals... Read more »