Apr 5

SBP intervention sought to stop further rupee devaluation

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) Tuesday urged the central bank to immediate intervene in to stop further devaluation of Pakistan rupee (PKR). In a statement KCCI President Muhammad Idrees expressed deep concerns over continuous devaluation of rupee against dollar as the foreign currency hit a new all-time high by crossing Rs186. READ […]

by Faisal Shahnawaz

Businessmen want early resolution of political uncertainty

Apr 4

Trade & Industry

Businessmen want early resolution of political uncertainty

KARACHI: Business community is perturbed over political uncertainty after dissolution of national assembly following rejection of no-confidence motion against the prime minister. Chairman Businessmen Group (BMG) and Former President Karachi Chamber of Commerce & Industry (KCCI) M. Zubair Motiwala, while expressing deep concerns over the ongoing political crises that led to dissolution of National Assembly, […]

by Faisal Shahnawaz

Direct flights between Pakistan, Tajikistan needed

Apr 1

Trade & Industry

Direct flights between Pakistan, Tajikistan needed

KARACHI: Pakistan and Tajikistan should start direct flights in order to reduce travel time. The issue was raised by the Ambassador of Tajikistan to Pakistan Ismatullo Nasredin and President Karachi Chamber of Commerce and Industry (KCCI) Muhammad Idrees at a meeting.

by Hamza Shahnawaz

Withholding tax should be on income: FBR Chairman

Mar 21

Taxation, Top stories, Trade & Industry

Withholding tax should be on income: FBR Chairman

Karachi, March 14, 2022 – The Chairman of the Federal Board of Revenue (FBR), Dr. Muhammad Ashfaq Ahmed, emphasized the need for a shift in the approach to withholding tax (WHT), suggesting that it should be levied on income rather than transactions. He made these remarks during an address at the Karachi Chamber of Commerce […]

by Faisal Shahnawaz

Karachi Chamber fears deep impact of PKR devaluation

Mar 18

Trade & Industry

Karachi Chamber fears deep impact of PKR devaluation

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has expressed deep economic impact of massive devaluation of Pakistan Rupee (PKR) against the dollar. In a statement on Friday, KCCI President Muhammad Idrees expressed concerns over devaluation of rupee against dollar which hit a new all-time high by crossing Rs180.5 in the inter-bank market. He warned […]

by Hamza Shahnawaz

Numbeo’s Pakistan Index stuns Karachi Chamber

Feb 21

Trade & Industry

Numbeo’s Pakistan Index stuns Karachi Chamber

Karachi Chamber of Commerce and Industry (KCCI) is stunned over the Numbeo’s cost of living index in which it has been claimed that Pakistan was the cheapest country amongst 139 countries of the world. KCCI President Muhammad Idrees while referring to Finance Minister’s tweet about latest Numbeo’s cost of living index in which it has […]

by Faisal Shahnawaz

POS retailers to get refunds automatically: Tariq Mustafa

Feb 3

Taxation, Trade & Industry

POS retailers to get refunds automatically: Tariq Mustafa

KARACHI: Tariq Mustafa Khan, Chief Commissioner Inland Revenue, Regional Tax Office (RTO) Karachi has said that retailers who installed Point of Sales (POS) will gain refunds automatically. “The retailers will also not subject to audit,” he said while speaking with office bearers of Karachi Chamber of Commerce and Industry (KCCI) on Thursday. “POS, which was […]

by Faisal Shahnawaz

Feb 2

Industry protests against gas shortage at SSGC

KARACHI: Hundreds of demonstrators on Wednesday gathered outside the head office of Sui Southern Gas Company (SSGC) to demand immediate restoration of gas supply to industry. The demonstrators included the leadership of Businessmen Group and Karachi Chamber along with Presidents/ Representatives of All Industrial Town Associations and sector-specific trade associations. They warned that this campaign […]

by Faisal Shahnawaz

All shopkeepers to install POS machines: CTO Chief

Feb 1

Taxation, Top stories, Trade & Industry

All shopkeepers to install POS machines: CTO Chief

KARACHI: Dr. Aftab Imam, Chief Commission Inland Revenue, Corporate Tax Office (CTO) Karachi on Tuesday said that installation o Point of Sale (POS) machines to be extended to all types of shopkeepers. Although installation of Point of Sales (POS) machines is currently mandatory for bigger stores/ shops falling under Tier-1 retailers. “But eventually, every shopkeeper […]

by Faisal Shahnawaz

PM appealed restoring gas to Karachi industrial zones

Jan 31

Trade & Industry

PM appealed restoring gas to Karachi industrial zones

KARACHI: The business leaders of industrial zones of Karachi have appealed Prime Minister Imran Khan to restore gas supply to all industries. While fervently appealing Prime Minister Imran Khan and his aides to immediately restore gas supply to all industrial zones of Karachi whose gas supply remains suspended since last more than 100 days, Chairman […]

by Hamza Shahnawaz