KARACHI, April 16, 2025 – The reopening of the Iraqi Consulate in Karachi after a 23-year hiatus marks a significant step toward enhancing economic, cultural, and diplomatic relations between Iraq and Pakistan.
(more…)Tag: KCCI
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KCCI Recommends Advance Tax Exemptions on FMCGs
Karachi, April 15, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to exempt fast-moving consumer goods (FMCGs) from advance tax collection under Sections 236G and 236H of the Income Tax Ordinance, 2001.
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Ahsan Iqbal Urges Export-Led Growth, Calls for KCCI Partnership
KARACHI, April 14, 2025 – Federal Minister for Planning, Development & Special Initiatives Ahsan Iqbal has stressed the urgent need to transition Pakistan towards a sustainable, export-driven economy, cautioning that short-term growth reliant on consumption and imports leads to repeated cycles of instability.
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KCCI Seeks 0% VAT on Commercial Importers in Budget 2025-26
Karachi, April 13, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly urged the federal government to eliminate the Value Added Tax (VAT) for commercial importers in the forthcoming federal budget for the fiscal year 2025-26.
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Government Plans Tax Relief Despite IMF-Driven Constraints
Karachi, April 12, 2025 – Special Assistant to Prime Minister (SAPM) for Industries and Production Division, Haroon Akhtar Khan, unveiled an ambitious plan to reduce Pakistan’s corporate tax burden despite the constraints posed by the International Monetary Fund (IMF) program.
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KCCI Proposes Allowing Gold Exports with 20% Value Addition
Karachi, April 12, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the federal government to permit gold exports with at least 20% value addition, a move it believes will revitalize the stagnant precious metals sector and significantly boost export revenues.
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IRIS Glitches Prompt KCCI to Seek PM Shehbaz’s Intervention
Karachi, April 11, 2025 – Frustrated by persistent technical failures in the Federal Board of Revenue’s (FBR) IRIS portal, the Karachi Chamber of Commerce and Industry (KCCI) has formally appealed to Prime Minister Shehbaz Sharif for immediate intervention to address the growing tax compliance crisis facing the business community.
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KCCI Suggests Tax Exemption for Properties up to Rs 10 Million
Karachi, April 11, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has proposed a significant tax reform aimed at revitalizing the real estate sector by suggesting income tax exemption on immovable properties valued up to Rs 10 million.
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KCCI Calls for Tax Reforms to Revive Real Estate Sector
Karachi, April 10, 2025 — The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to simplify taxation policies for Pakistan’s real estate sector, aiming to restore investor confidence and stimulate economic activity ahead of the federal budget for 2025-26.
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Italy Aims to Double Trade with Pakistan, Eyes Deeper Ties
Karachi, April 9, 2025 — Italy has expressed a strong desire to significantly enhance economic, trade, and investment cooperation with Pakistan, with an ambitious target to double the current bilateral trade volume to US$3 billion in the coming years.
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