Aug 2

Miftah assures shopkeepers of removing multiple taxes on electricity bill

KARACHI: Finance Minister Miftah Ismail on Tuesday assured shopkeepers and small retailers of removing all taxes being collected through electricity bills once the fixed tax regime is implemented. Responding to demand raised by retailers and shopkeepers, the finance minister promised to remove all the other taxes from the electricity bills once the fixed tax regime […]

by Hamza Shahnawaz

Political parties responsible for Pakistan economic crisis: KCCI

Jul 28

Trade & Industry

Political parties responsible for Pakistan economic crisis: KCCI

KARAHI: Karachi Chamber of Commerce and Industry (KCCI) on Thursday accused political parties of Pakistan for current economic crisis. In a joint statement issued by Chairman Businessmen Group Zubair Motiwala and President KCCI Muhammad Idrees expressed concerns as they felt that political parties are not understanding the gravity of the situation of the economy and […]

by Hamza Shahnawaz

Karachi Chamber demands declaring rain emergency

Jul 11

Trade & Industry

Karachi Chamber demands declaring rain emergency

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has demanded the government of declaring an emergency after human and financial losses in the city during torrential rains in past few days. READ MORE: KCCI demands release of stuck up containers KCCI President Muhammad Idrees in statement urged Prime Minister Shehbaz Sharif to take immediate measures […]

by Hamza Shahnawaz

KCCI demands release of stuck up containers

Jul 4

Ports and Shipping, Trade & Industry

KCCI demands release of stuck up containers

Karachi Chamber of Commerce and Industry (KCCI) on Monday demanded the government of releasing containers imported goods that were banned through SRO 598(I)/2022. The chamber in a statement strongly denounced the non-clearance of containers at the ports subsequent to the ban imposed on luxury items. READ MORE: KCCI demands implementation of Riba free banking The […]

by Hamza Shahnawaz

KCCI demands implementation of Riba free banking

Jul 1

Trade & Industry

KCCI demands implementation of Riba free banking

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) on Friday demanded the government for early implementation of Riba free banking in Pakistan. Chairman Businessmen Group in the KCCI, Zubair Motiwala, and KCCI President, Muhammad Idrees have extended gratitude to Prime Minister Shahbaz Sharif for taking interest in the implementation of the Federal Shariah Court’s decision […]

by Hamza Shahnawaz

PM Shehbaz assures favorable measures on CNIC requirement

Jun 9

Budget 2022-2023, Trade & Industry

PM Shehbaz assures favorable measures on CNIC requirement

KARACHI: Prime Minister Shehbaz Sharif has assured business community of taking favorable measures related to CNIC requirement will be taken in the budget 2022-2023. A high-level delegation of the Karachi Chamber of Commerce and Industry (KCCI) led by Chairman Businessmen Group (BMG) Zubair Motiwala held meetings with Prime Minister Shehbaz Sharif and Federal Minister for […]

by Hamza Shahnawaz

KCCI appeals rescuing small traders in Catch-22 situation

Jun 4

Trade & Industry

KCCI appeals rescuing small traders in Catch-22 situation

Karachi Chamber of Commerce and Industry (KCCI) on Saturday declared Catch-22 situation and urged the government to rescue small traders from its fallout. Chairman Businessmen Group Zubair Motiwala and President KCCI Muhammad Idrees, while referring to upsurge in petroleum prices by Rs60 within a week along with exorbitant hike of Rs7.91 in electricity base tariff […]

by Hamza Shahnawaz

Income tax audit should be once in three years

May 30

Budget 2022-2023

Income tax audit should be once in three years

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has suggested the authorities to conduct income tax audit once in three years. The KCCI in its proposals for budget 2022/2023 submitted to the Federal Board of Revenue (FBR) stated that through Finance Act 2019 powers of Commissioners Inland Revenue and the FBR have been restored to […]

by Hamza Shahnawaz

Cut in duty, taxes on tea import suggested to stop smuggling

May 30

Budget 2022-2023

Cut in duty, taxes on tea import suggested to stop smuggling

KARACHI: The Federal Board of Revenue (FBR) has been suggested a drastic cut in duty and taxes on import of black to stop smuggling and increase revenue. The Karachi Chamber of Commerce and Industry (KCCI) in its proposals for budget 2022/2023 submitted to the FBR said that consumption of black tea in Pakistan is 240,000 […]

by Hamza Shahnawaz

KCCI proposes sales tax exemption to solar panels, inverters

May 28

Budget 2022-2023

KCCI proposes sales tax exemption to solar panels, inverters

Karachi Chamber of Commerce and Industry (KCCI) has proposed restoration of sales tax exemption on supply of solar panels and inverters. The KCCI in its proposals for budget 2022/2023 submitted to the Federal Board of Revenue (FBR), stated that solar panels and inverters were earlier granted zero rated of sales tax. READ MORE: FBR suggested […]

by Hamza Shahnawaz