Karachi, June 20, 2023: Amidst economic instability, foreign exchange crisis, and declining exports, the Karachi Chamber of Commerce and Industry (KCCI) has called on the government to reinstate the zero-rating facility to support the survival of five export sectors during liquidity crunch periods.
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Inflation Leads to Drastic Decrease in Customer Numbers, Shopkeepers Express Concerns
Karachi, June 7, 2023 – Shopkeepers in Karachi have reported a significant decline in customer numbers due to the alarming levels of inflation.
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KCCI Delegation Meets Finance Minister to Boost Business Support
The delegation of Karachi Chamber of Commerce and Industry (KCCI) met Finance Minister Ishaq Dar to business support. The Finance Minister reassured that the government is committed to supporting the business and industrial sector to ensure economic growth and stability in the country.
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KCCI raises concerns over retrospective CVT implementation on motor vehicles
Karachi Chamber of Commerce and Industry (KCCI) has taken a stand against the retrospective implementation of the Capital Value Tax (CVT) on the transfer of motor vehicles. President of KCCI, Mohammed Tariq Yousuf, has assured members of the Automotive Traders & Importers Association (ATIA) that the issue will be raised and addressed.
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KCCI stresses out-of-box solutions to prevent further downslide in economy
The Karachi Chamber of Commerce and Industry (KCCI) has emphasized the need for out-of-the-box solutions to prevent a further downslide in Pakistan’s economy.
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Trade body proposes VAT on supplies to individuals without CNIC
The Karachi Chamber of Commerce and Industry (KCCI) has recommended that the Federal Board of Revenue (FBR) impose a value-added tax (VAT) on supplies made to individuals who fail to provide their Computerized National Identity Card (CNIC) number.
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Karachi Chamber calls for separate currency exchange portal to boost trade facilitation
Karachi Chamber of Commerce and Industry (KCCI) has urged the central bank to establish a dedicated online platform for buying and selling foreign currencies, specifically the US Dollar.
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KCCI proposes importers’ role in foreign exchange arrangements for import payments
Karachi Chamber of Commerce and Industry (KCCI) has put forward a proposal suggesting that importers should be allowed to independently arrange foreign exchange for their import payments.
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FBR assures taking no more illegal raids on shopkeepers: KCCI
Intelligence and Investigation Wing of the Federal Board of Revenue (FBR) has given assurances to traders that no illegal raids will be conducted against shopkeepers.
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Business leaders urge unity to address political instability and economic crisis
The Leadership of Businessmen Group (BMG) and Karachi Chamber of Commerce & Industry (KCCI) Monday expressed their deep dissatisfaction with the ongoing political instability, which is severely impacting the country’s already struggling economy and declining exports.
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