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Tag: KCCI

SBP governor Jameel Ahmad

SBP governor estimates $2 billion decline in Pakistan’s FY26 exports

May 15, 2026May 15, 2026Shahnawaz Akhter

Jameel Ahmad says falling global commodity prices impacting Pakistan’s export earnings Governor of the State Bank of Pakistan Jameel Ahmad on Friday said Pakistan’s exports are likely to decline by around $2 billion during fiscal year 2025-26 due to weak global commodity prices and challenging international economic conditions.

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Karachi Chamber

KCCI rejects SSGC gas tariff hike petition, warns of deindustrialization

May 2, 2026May 2, 2026Shahnawaz Akhter

KARACHI – The Karachi Chamber of Commerce and Industry (KCCI) has formally rejected a petition by Sui Southern Gas Company (SSGC) seeking a massive hike in gas tariffs for the fiscal year 2026-27.

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KCCI Photo

Karachi chamber backs FBR monitoring of jewelers, warns against harassment

May 1, 2026May 1, 2026Shahnawaz Akhter

KARACHI, May 1, 2026– The Karachi Chamber of Commerce and Industry has backed the monitoring of jewelers’ business transactions by the Federal Board of Revenue, while cautioning against harassment by tax officials.

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KCCI Photo

KCCI slams SBP rate hike, warns of rising business costs and investment slowdown

April 27, 2026April 27, 2026Faisal Shahnawaz

KARACHI, April 27– The Karachi Chamber of Commerce and Industry (KCCI) on Monday sharply criticized the State Bank of Pakistan (SBP) for raising the benchmark policy rate by 100 basis points to 11.5%, warning that the move could hurt business activity and economic growth.

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KCCI Photo

KCCI condemns shooting of Karachi industrialist, cites security fears

April 21, 2026April 21, 2026Faisal Shahnawaz

KARACHI, April 21, 2026 – The Karachi Chamber of Commerce & Industry on (KCCI) Tuesday condemned a gun attack on a prominent industrialist in Karachi, warning that rising extortion and deteriorating law and order could undermine business confidence in Pakistan’s commercial hub.

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KCCI Photo

FBR power to arrest traders reduced, Kayani confirms reform drive

April 18, 2026April 18, 2026Shahnawaz Akhter

KARACHI, April 18, 2026 – Minister of State for Finance Bilal Azhar Kayani said on Saturday that the arrest powers of Federal Board of Revenue (FBR) officials have been significantly curtailed as part of wider tax and regulatory reforms aimed at improving Pakistan’s business climate.

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KCCI Photo

Karachi, Faisalabad chambers to jointly highlight business concerns

April 11, 2026April 11, 2026Shahnawaz Akhter

KARACHI, April 11 (PkRevenue.com) – The Karachi Chamber of Commerce and Industry and Faisalabad Chamber of Commerce and Industry agreed on Saturday to strengthen coordination to present a unified stance on Pakistan’s economic and business challenges, according to a joint statement.

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KCCI Photo

Motiwala proposes restoration of zero-rated sales tax for exports

April 6, 2026April 6, 2026Shahnawaz Akhter

Karachi, April 6, 2026 – Chairman of the Businessmen Group (BMG), Muhammad Zubair Motiwala, has called on the Federal Board of Revenue (FBR) to immediately restore the zero-rated sales tax for Pakistan’s export sector, warning that ongoing global and regional tensions could severely impact the country’s economy.

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FBR Pakistan Karachi

FBR chairman takes action on Karachi tax complaints

March 26, 2026March 26, 2026Shahnawaz Akhter

Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial has issued key directives to address long-standing tax and operational challenges faced by Karachi’s business community during his visit to the Karachi Chamber of Commerce and Industry (KCCI) on March 26, 2026.

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KCCI Photo

KCCI warns export decline as gas supply to industries suspended

March 6, 2026March 6, 2026Shahnawaz Akhter

Karachi, March 6, 2026 – The Karachi Chamber of Commerce and Industry (KCCI) has raised serious concerns over the government’s decision to suspend gas supply to industries for two days a week, warning that the move could accelerate the decline in Pakistan’s exports and further strain the country’s fragile economy.

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