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.
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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.
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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 been conducted and effective alternatives identified.
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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.
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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.
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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.
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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.
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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 on the business community.
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KCCI Advocates Policy Rate Cut by 300 Basis Points
Karachi, October 10, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the State Bank of Pakistan (SBP) to cut the policy rate by at least 300 basis points in response to falling inflation and to stimulate economic growth.
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KCCI Announces Full Working Day on Fridays to Better Serve Business Community
Karachi, October 9, 2024 – In a move aimed at enhancing support for the business and industrial sectors, the Karachi Chamber of Commerce and Industry (KCCI) has announced that it will observe a full working day on Fridays, departing from the previous half-day schedule. The decision reflects the Chamber’s commitment to providing uninterrupted services to its members throughout the week.
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