Karachi, October 5, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly urged the Sindh government to reduce the Sindh Employees Social Security Institution’s (SESSI) social security contribution rate by at least 2%. The appeal comes amid escalating financial burdens on industries due to rising minimum wages and an increasingly high cost of doing business.
(more…)Tag: KCCI
-

KCCI Warns of Industry Closures Over Gas Suspension to Captive Power Plants
Karachi, October 2, 2024 – The President of the Karachi Chamber of Commerce and Industry (KCCI), Muhammad Jawed Bilwani, voiced strong concerns on Wednesday over the government’s decision to suspend gas supply to Captive Power Plants (CPPs) by 2025.
(more…) -

KCCI Elects Jawed Bilwani as President for 2024-26 Term
In a pivotal moment for Karachi’s business community, Muhammad Jawed Bilwani has been elected as the new President of the Karachi Chamber of Commerce & Industry (KCCI) for the 2024-26 term.
(more…) -

KCCI Highlights IRIS Portal Failures Ahead of Tax Filing Deadline
Karachi, September 28, 2024 – With the looming deadline for the submission of income tax returns for the fiscal year 2024, the Karachi Chamber of Commerce and Industry (KCCI) has raised alarms over persistent glitches in the Federal Board of Revenue’s (FBR) online return filing portal, IRIS.
(more…) -

KCCI Demands One-Month Extension in Return Filing Deadline
Karachi, September 25, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has formally requested the Federal Board of Revenue (FBR) to extend the deadline for filing income tax returns for the tax year 2024.
(more…) -

BMG Sweeps KCCI Elections 2024-26
Karachi, September 22, 2024 – In a resounding victory, the Businessmen Group (BMG) has once again secured a landmark win in the elections of the Karachi Chamber of Commerce and Industry (KCCI) for the 2024-26 term.
(more…) -

Business Community Terms 2% Rate Cut Too Little
Karachi, September 12, 2024 – The business community in Pakistan has voiced its disappointment over the State Bank of Pakistan’s (SBP) decision to cut the key policy rate by 2%, terming it insufficient given the current economic conditions.
(more…) -

KCCI Pushes for Drastic Rate Cut to 14.5% in Next MPS
Karachi, September 4, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has issued a fervent call for a decisive 500-basis-point reduction in the key policy rate, urging the State Bank of Pakistan (SBP) to slash the rate from the current 19.5% to 14.5% in the forthcoming Monetary Policy Statement (MPS).
(more…) -

KCCI Demands NEPRA Hearing to Address Pressing KE Issues
Karachi, September 3, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the National Electric Power Regulatory Authority (NEPRA) to convene an urgent hearing to address the mounting concerns related to K-Electric (KE).
(more…) -

Iranian Oil Giant Urges Ban on Unofficial Pakistan Trade
KARACHI, August 30, 2024 – Reza Babak Afghahi, Chief Executive of Iranian Ta’min Petroleum & Petrochemical Investment Company (TAPPICO), emphasized the importance of eliminating unofficial trade between Iran and Pakistan, advocating for the enhancement of official trade channels.
(more…)