KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) has strongly urged the National Electric Power Regulatory Authority (NEPRA) to put on hold the proposed hike in security deposit rates by Distribution Companies (DISCOs) until full transparency is ensured and an inclusive consultation process is undertaken with all stakeholders.
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New Conditions Make Sales Tax Return Filing Impossible: KCCI
Karachi, January 30, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has raised serious concerns over the newly introduced conditions by the Federal Board of Revenue (FBR), stating that these measures have made sales tax return filing nearly impossible for traders and small businesses.
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KCCI Criticizes SBP’s Conservative 100bps Rate Reduction
Karachi, January 27, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) on Monday voiced its strong discontent over the State Bank of Pakistan’s (SBP) decision to implement a modest 100 basis points (bps) reduction in the benchmark policy rate, bringing it down from 13% to 12%.
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KCCI Urges SBP to Align Policy Rate With India and China
Karachi, January 25, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has called on the State Bank of Pakistan (SBP) to lower the benchmark policy rate to align with those of regional economic powerhouses like India and China.
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KCCI Urges Business Friendly Strategic Trade Policy Framework
KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) and the Pakistan Hosiery Manufacturers Association (PHMA) have jointly called on the government to draft a pro-business Strategic Trade Policy Framework (STPF) and Textile & Apparel Policy for the next five years. They emphasized that these policies must include actionable and realistic measures, avoiding the shortcomings of the 2020-25 policies, which failed to deliver on many of their promises.
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KCCI Criticizes KE for Escalating Load Shedding in Karachi
Karachi, January 15, 2025 – Muhammad Jawed Bilwani, President of the Karachi Chamber of Commerce and Industry (KCCI), has strongly condemned K-Electric (KE) for its recent intensification of load shedding, which is severely affecting both the residents and businesses of Karachi.
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KCCI Raises Alarm Over Mounting Consignment Backlog at Ports
KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) has raised serious concerns over the burgeoning backlog of consignments at the nation’s ports, with KCCI President Muhammad Jawed Bilwani calling for urgent intervention to prevent mounting demurrage and detention costs that are weighing heavily on the business community.
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KCCI Urges PM to Reject OGRA’s Proposed Gas Tariff Hike
KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has strongly appealed to Prime Minister Shehbaz Sharif to reject the Oil and Gas Regulatory Authority’s (OGRA) proposed increase in gas tariffs.
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KCCI Expresses Disappointment Over Meagre Interest Rate Cut
KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) expressed its disappointment over the limited 200 basis points reduction in the interest rate by the State Bank of Pakistan (SBP) on Monday.
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Traders Lambast KE for Monopoly in Karachi Electricity
Karachi, December 13, 2024 – President of Markazi Tanzeem-e-Tajran Pakistan, Muhammad Kashif Chaudhry, strongly criticized K-Electric (KE) for its monopolistic practices and inadequate service, urging the Karachi Chamber of Commerce and Industry (KCCI) and all trade associations to launch a concerted initiative aimed at addressing the challenges faced by Karachi’s citizens.
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