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Tag: KCCI

KCCI Photo

KCCI rejects new tax ordinance, urges immediate withdrawal

May 4, 2025May 4, 2025Shahnawaz Akhter

Karachi, May 4, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly denounced the recently promulgated Tax Laws (Amendment) Ordinance, 2025, calling it undemocratic and detrimental to business confidence.

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budget proposals

KCCI urges removal of regulatory duty on polyester yarn

May 2, 2025May 2, 2025Shahnawaz Akhter

Karachi, May 2, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly recommended the removal of the 5% regulatory duty on polyester yarn in its official tax proposals for the upcoming federal budget 2025–26.

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Agriauto plant

KCCI pushes budget relief to curb auto parts smuggling

May 1, 2025May 1, 2025Faisal Shahnawaz

Karachi, May 1, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly criticized the existing high tariffs on the import of auto parts, asserting that these excessive duties are directly contributing to the widespread smuggling of motorcycle and automobile components across Pakistan.

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KCCI Photo

KCCI proposes action plan to curb under-invoicing in plastic imports

May 1, 2025May 1, 2025Shahnawaz Akhter

Karachi, May 1, 2025 — The Karachi Chamber of Commerce and Industry (KCCI) has submitted comprehensive recommendations to the government for the upcoming Budget 2025–26, addressing the growing issue of under-invoicing and misdeclaration on imported plastic, especially polyethylene and polypropylene products.

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budget proposals

KCCI calls for tax relief for yarn traders in budget 2025-26

April 27, 2025April 27, 2025Shahnawaz Akhter

Karachi, April 27, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to introduce tax relief measures for yarn traders in the upcoming federal budget 2025-26, aiming to boost compliance and support growth within the sector.

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KCCI Photo

Pakistan Customs, KCCI strengthen collaboration to boost exports

April 26, 2025April 26, 2025Shahnawaz Akhter

KARACHI: In a concerted effort to invigorate Pakistan’s export sector, the Chief Collector of Pakistan Customs (Export), Mohammad Sadiq, reiterated the unwavering commitment of the Customs authorities to bolster trade operations through close collaboration with the Karachi Chamber of Commerce and Industry (KCCI).

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budget proposals

KCCI seeks tax credit revival to stimulate industrial investment

April 25, 2025April 25, 2025Shahnawaz Akhter

Karachi, April 25, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly urged the Federal Board of Revenue (FBR) to reinstate the previously available tax credit under Section 65B of the Income Tax Ordinance, 2001, in a bid to encourage industrial investment and economic growth.

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budget proposals

KCCI urges redefinition of withholding agent to ease tax burden

April 23, 2025April 23, 2025Shahnawaz Akhter

Karachi, April 23, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has recommended a critical reform in the country’s tax structure by suggesting changes to the existing definition of a withholding agent.

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Income Tax Return FBR

Taxpayers Declared Inactive Despite Deadline Extension: KCCI

April 21, 2025April 21, 2025Shahnawaz Akhter

Karachi, April 21, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly criticized the Federal Board of Revenue (FBR) for declaring numerous taxpayers inactive, even after officially extending the deadline for filing sales tax returns for February and March 2025.

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KCCI Photo

KCCI Pushes to Scrap Minimum WHT on Imports

April 21, 2025April 21, 2025Shahnawaz Akhter

Karachi, April 21, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly urged the Federal Board of Revenue (FBR) to abolish the Minimum Withholding Tax (WHT) on raw material imports by commercial importers in the upcoming federal budget for 2025-26.

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