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Tag: Korangi Association of Trade and Industry

KATI

KATI demands ban on unnecessary imports

April 25, 2022April 25, 2022Hamza Shahnawaz

KARACHI: Korangi Association of Trade and Industry (KATI) has demanded the government to immediately impose ban on unnecessary imports to prevent the economy from collapse. Acting President of KATI Farrukh Qandhari in a statement issued Monday expressed concern over the current account deficit reaching a record high of over $13 billion dollars in the first […]

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KATI

KATI terms sudden policy rate hike as economic disaster

April 8, 2022April 8, 2022Hamza Shahnawaz

KARACHI: Korangi Association of Trade and Industry (KATI) on Friday expressed annoyance over sudden 2.5 per cent increase in key policy rate by the State Bank of Pakistan (SBP) in an unscheduled meeting held a day earlier. KATI President Salman Aslam expressed concern over the sudden increase in interest rate by SBP by 2.5 per […]

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KATI

PKR becomes worst currency in region: KATI

April 6, 2022April 6, 2022Hamza Shahnawaz

KARACHI: Korangi Association of Trade and Industry (KATI) has said that the continuous depreciation in Pakistan Rupee (PKR) against the dollar made it the worst currency in the region. In a statement issued on Wednesday, Salman Aslam KATI President said that the value of the dollar was continuously rising which has made the Pakistani rupee […]

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KATI

KATI expresses concerns over rising inflation

February 22, 2022February 22, 2022Hamza Shahnawaz

KARACHI: Salman Aslam, President, Korangi Association of Trade and Industry (KATI) has expressed serious concern over rising inflation and increasing prices of food items in the country. “It is a matter of concern for the government to be considered as the most expensive country in the region,” KATI President said in a statement on Tuesday […]

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KATI

KATI strongly criticizes hike in petroleum prices

February 16, 2022February 16, 2022Mrs. Anjum Shahnawaz

KARACHI: Korangi Association of Trade and Industry (KATI) in a statement on Wednesday strongly criticized the government for the substantial increase in petroleum prices. Ms. Maheen Salman, acting president of KATI said that increase in prices of petroleum products by the government more than Rs 12 per liter is unacceptable and unbearable. READ MORE: Pakistan […]

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Smuggled edible oil, ghee devastate domestic production

January 5, 2022January 12, 2025Hamza Shahnawaz

KARACHI: Sheikh Umer Rehan, former chairman of the Pakistan Vanaspati Manufacturers Association (PVMA), has raised serious concerns over the widespread smuggling of edible oil and ghee from Iran, which he said is wreaking havoc on the domestic manufacturing industry.

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textile manufacturing

Korangi Association flays key policy rate hike

December 16, 2021December 16, 2021Hamza Shahnawaz

KARACHI: Salman Aslam, President, Korangi Association of Trade and Industry (KATI), has expressed concern over one percent increase in interest rates. He said that further increase in monetary policy by SBP to 9.75 per cent would result in more inflation. President Salman Aslam said that the government was trying to control inflation by raising interest […]

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FBR Building

FBR to replace IRIS for tax payments: CCIR RTO

October 20, 2021October 21, 2021Hamza Shahnawaz

KARACHI: The Federal Board of Revenue (FBR) to introduce a new and efficient system for payment of all kind of tax payments, said a top tax official. “We will introduce a new and efficient system replacing IRIS in which all kinds of taxes can be easily paid in one place,” a press statement quoted Tariq […]

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textile manufacturing

Around 65,000 industry workers vaccinated: KATI

July 31, 2021January 28, 2024Mrs. Anjum Shahnawaz

KARACHI: Around 65,000 industry workers have been vaccinated with the help of Sindh government, said Saleem-uz-Zaman, President, Korangi Association of Trade and Industry (KATI).

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FBR Blue

Corporate RTO Chief urges business community to play role for tax policy improvement

December 23, 2019May 22, 2025Mrs. Anjum Shahnawaz

KARACHI: Dr. Aftab Imam, Chief Commissioner, Corporate Regional Tax Office (CRTO) Karachi has urged business community to play their role in improvement of tax policy and procedures.

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