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Tag: NKATI

  • NKATI expresses concerns over gas disconnection

    NKATI expresses concerns over gas disconnection

    KARACHI: Faisal Moiz Khan, President, North Karachi Association of Trade & Industry (NKATI), while expressing deep concern over the gas disconnect of non-export, general industries, has demanded the government to continue gas supply with required pressure to industries.

    In a statement, Faisal Moiz Khan said that Karachi should not be punished for paying 54 per cent of the country’s exports and 70 per cent of its revenue. If SSGC disconnects the gas supply to non-export, general industries then factories will be locked and the SME sector will be destroyed.

    “Karachi has always played a vital role in the development of the country and is still playing a positive role in spite of all difficulties, be it for strengthening the national economy or promoting exports and providing vast employment opportunities”, he added.

    He raised the question of where is the wisdom to shut off the gas of ordinary industries? The SSGC has no authority to disconnect industrial gas. On the contrary, the government should help the industries to survive in the corona economy so that the country can get back on its feet economically.

    NKATI president further said that where is the justice for Sindh not getting gas? Sindh has the first right to the gas reserves of Sindh. Therefore, first of all, while fulfilling the gas needs of the people of the province, gas should be supplied to all industries with full pressure without any discrimination and then the remaining gas to be given other provinces.

    Faisal Moiz Khan stated that the industrial community would not tolerate this injustice under any circumstances. The government should stop discriminating against Karachi and the resources of the province should be utilized to meet the needs of the province.

    SITE industrialists condemn gas suspension
  • Industry protests over 20% additional ST on electricity

    Industry protests over 20% additional ST on electricity

    KARACHI: Industry has strongly protested over imposition of 20 per cent additional sales tax on supply of electricity and said it will destroy the industrial activities and result in mass unemployment.

    Faisal Moiz Khan, President, North Karachi Association of Trade & Industry (NKATI) in a statement on Saturday expressed deep concerns over the imposition of 20 per cent additional sales tax on electricity bills by K-Electric and by strongly protested.

    He demanded the government to withdraw the increase immediately and K-Electric should be stopped from looting the industrial community.

    The imposition of additional taxes on electricity will lead to destruction and a flood of unemployment.

    In a statement, NKATI president said that 20 per cent additional sales tax has been levied on the electricity bills sent to industries by K-Electric.

    While KE is already levying 17 per cent sales tax on electricity bills, so there is no justification for imposing an additional 20 per cent sales tax.

    “Forcible collection of additional sales tax from registered consumers in sales tax is a total injustice which will increase the cost of production immensely. Which will have a very bad effect on the country’s exports and industrial production activities”, he said.

    Faisal Moiz Khan demanded the government to take notice of the imposition of 20% additional sales tax on electricity bills by K-Electric and withdraw this decision immediately and provide a conducive business and industrial environment in line with Prime Minister Imran Khan’s vision of making it easier to do business and run industries. Otherwise, it will be impossible for industrialists to run their own factories

    NKATI president further said that if the government wants industries to flourish and create more employment opportunities, then anti-business and anti-industrial measures must be avoided, so that the domestic industries can get back on their feet in the face of the dire economic situation due to COVID-19 pandemic.

  • NKATI condemns artificial raw material shortage

    NKATI condemns artificial raw material shortage

    KARACHI: Manufacturers and exporters have expressed concerns over the severe shortage of industrial raw material that was artificially created by local producers.

    In a statement on Thursday President, North Karachi Association of Trade and Industry (NKATI), Faisal Moiz Khan, while expressing deep concern over the artificial scarcity created by local producers of industrial raw materials and the skyrocketing prices, has appealed Abdul Razak Dawood, Advisor to Prime Minister Imran Khan for Commerce and Investment to take action against stockists of raw materials.

    He requested the PM advisor to also play his vital role in ensuring an uninterrupted supply of raw materials at reasonable prices as per the demand of local and export-oriented industries.

    In a letter to PM advisor, Abdul Razak Dawood, NKATI president pointed out that local producers of industrial raw materials have created an artificial shortage of raw materials by forming cartels, and by massive hoarding, prices have skyrocketed. Which has increased 300 to 400 times, making raw materials unavailable to local industries as per the demand, while the production activities of export-oriented industries were also being severely affected.

    He said, “Local producers of industrial raw materials were making huge profits by selling expensive raw materials justifying the rising value of the dollar, which was totally illegal. The government should take immediate notice of this looting and take steps to prevent stockpiling of raw materials.”

    Faisal Moiz Khan was of the opinion that the processing industry, especially the chemical industry, was facing the biggest shortage of raw materials, which was hurting the export industries. If the goods cannot be processed, then timely shipment will not be possible. This will definitely lead to an economic crisis in the country.

    “The Prices have been increased 300 to 400 times, especially for Formic acid, Acetic acid and Sulfuric acid. Caustic Soda has also become a major problem, as Hydrogen prices have also been increased. The entire wreckage of which is being dumped on the international market. It has not been settled but the prices have been increased many times by including duty and freight etc.”, he said, adding that if the government did not intervene immediately and support exporters, the industrialists would suffer.

    Faisal Moiz Khan appealed to Abdul Razak Dawood, Advisor to Prime Minister Imran Khan for Commerce & Investment to break the cartel of local producers of industrial raw materials, and said that the problems of Karachi industrialists should be seriously addressed as industrialists are playing their vital role in Pakistan’s economic development. Therefore, the rulers have to understand the importance of industrialists.

    Water shortage stalls industrial production: NKATI chief
  • Sindh to set up new industrial zone in Karachi

    Sindh to set up new industrial zone in Karachi

    KARACHI: The Sindh government has expedited work on a proposal to set up a new industrial zone “NKATI 2” like North Karachi Industrial Area.

    For this purpose a site is being sought and in consultation with the North Karachi Association of Trade & Industry (NKATI). It will be finalized later.

    This was stated by Minister Information & Local Government Sindh, Syed Nasir Hussain Shah during a meeting with a delegation led by Faisal Moiz Khan, President NKATI, SVP Shabir Ismail and Syed Yasir Hussain, Chairman Sub-Committee Local Bodies at his residence.

    Syed Nasir Hussain Shah further said that promotion of trade & industry is the top priority of Sindh government and PPP chairman Bilawal Bhutto has also the same vision.

    Therefore, all resources will be utilized to create vast employment opportunities and promote industrialization. He also directed the MD Water Board to ensure uninterrupted supply of water to the industries.

    The Provincial Minister also assured the Sindh Building Control Authority to regularize the factories located in North Karachi Industrial Area and solve the issues related to District Municipal Corporation. He further said that Capt. A Moiz Khan Road would also be inaugurated and a notification would be issued soon.

    In a meeting with the Provincial Minister, Faisal Moiz Khan, President NKATI, apprised the industrialists of the problems faced by them, and said that production activities were being severely affected due to non-supply of water to North Karachi industries. However, the issues related to DMC are also increasing day by day which needs immediate attention.

    “The Sindh government should set up a new industrial zone like North Karachi Industrial Zone to promote industries so that more and more new industries could be set up and vast employment opportunities could be created”, he suggested. Faisal Moiz Khan also requested the provincial minister to regularize the factories from Sindh Building Control Authority.

    Expressing satisfaction over the assurance of the provincial minister to resolve the issues under discussion at the meeting, NKATI president said that industrialists would extend all possible cooperation with Sindh government to increase production activities and promote industries.

  • Water shortage stalls industrial production: NKATI chief

    Water shortage stalls industrial production: NKATI chief

    KARACHI: Industries located in North Karachi have facing acute water shortage for the past many days and due to this production activities have been stalled and it is feared that export orders may be missed.

    Faisal Moiz Khan, President, North Karachi Association of Trade & Industry (NKATI), while expressing deep concern over non-supply of water to the industries, requested Sindh Governor Imran Ismail and Syed Murad Ali Shah, Chief Minister Sindh to take notice of the severe and issue directives to Managing Director Water Board for supplying water as per consumption of the industries. So that production activities can continue without any hindrance.

    In a statement, Faisal Moiz Khan said that water is of utmost importance for the continuation of production activities and is one of the basic raw materials, but these days, North Karachi’s industries are facing severe water shortages, while the tanker mafia has plenty of water. In contrast, water is not available from water board lines, which is a question mark?

    “Production activities are stalled due to non-availability of water to factories. This can affect both the production of goods and the timely delivery of foreign orders”, he feared.

    NKATI Chief also protested against the attitude of the MD Water Board, and said that when the MD Water Board was contacted about the non-supply of water to the industries as per the demand, he did not give any positive response to the industrial community. On the contrary, his attitude was highly reprehensible

    Faisal Moiz Khan requested Sindh Governor Imran Ismail and Syed Murad Ali Shah, Chief Minister Sindh to issue directives to MDMD Water Board to adopt a better attitude towards the industrial community and ensure water supply as per the demand while resolving issues on priority basis. Otherwise, production activities will be severely affected, which will have a negative impact on the country’s overall exports.

  • Gas supply suspension: NKATI appeals PM to save industry

    Gas supply suspension: NKATI appeals PM to save industry

    KARACHI: Faisal Moiz Khan, the President of the North Karachi Association of Trade & Industry (NKATI), has issued a fervent appeal to Prime Minister Imran Khan to intervene and rescue Karachi’s industries from the brink of disaster.

    (more…)
  • Business community welcomes Pakistan’s inclusion in Amazon list

    Business community welcomes Pakistan’s inclusion in Amazon list

    KARACHI: Business community has welcomed inclusion of Pakistan in the seller list by the online retail company Amazon.com, Inc. and said it will help the country to boost its exports.

    Faisal Moiz Khan, President North Karachi Association of Trade & Industry (NKATI), while welcoming the inclusion of Pakistan in the seller list by the world-renowned online retail company Amazon, termed the move of the present government as excellent, stated that the business community appreciates the efforts of Prime Minister Imran Khan and Abdul Razak Dawood,  Adviser for Commerce & Investment, as the move will result in billions in investment and vast employment opportunities, also boost the country’s exports.

    In a statement, NKATI president said that Amazon is a huge global distribution network, which is successfully providing services all over the world including Europe and USA. Earlier, Pakistan was not included in Amazon’s seller list due to which shipments from Pakistan were not directly on Amazon.

    “Due to the efforts of the government, direct shipments will now be possible on Amazon and Pakistan’s exporters will reap significant benefits and will be able to easily sell their products to consumers through Amazon, which will boost Pakistan’s trade and exports”, he hoped.

    Faisal Moiz Khan further said that Amazon’s business platform can significantly increase Pakistan’s business activities as not only textiles but all kinds of goods are sold on Amazon. He proposed, if the government really wants to boost and double the exports, the government should provide professional, technical services to people working at Amazon through TDAP and a significant fund from the EDF to be allocated so that it can be used to promote trade & exports.

    Moiz also suggested that efforts be made to include Pakistan in the selling list of other Amazon-style international companies so that Pakistan’s exports could be significantly boosted.

  • Law allows fuel adjustment charges only for two months

    Law allows fuel adjustment charges only for two months

    KARACHI: Industry has raised questions over decision by National Electric Power Regulatory Authority (NEPRA) to allow past four years fuel adjustment charges to K-Electric.

    In a joint statement the leaders of North Karachi Association of Trade & Industry (NKATI) on Wednesday said that according to the law the distribution company not allowed to collect fuel adjustment charges for more than two months, but on the contrary, NEPRA has allowed to K-Electric for collecting four-year fuel adjustment charges which is a gross violation of the law.

    They said that NEPRA’s move is a conspiracy against businesses as the products that was exported four years ago can how cover the cost of fuel adjustment now.

    According to NEPRA’s notification, the amount will be charged from January 2020 to September 2020 in electricity bills.

    Capt. A Moiz Khan, patron in chief, NKATI and Nasim Akhtar, president, has strongly opposed the NEPRA to receive 4-year fuel adjustment charges from industries and refused to accept this decision.

    In an appeal to Arif Alvi, President of Pakistan, Imran Khan, Prime Minister, Power Minister and Chairman NEPRA, said that the permission to collect fuel adjustment charges to K Electric for the period from July 2016 to June 2019 should be canceled immediately or else industries will be destroyed.

    Capt. Moiz Khan and Naseem Akhtar said that business community of Karachi are already badly affected due to high doing business cost, while electricity tariffs have also been raised, huge taxes and in the current economic situation it extremely difficult to run industries, as industrial wheel is almost jammed due to over-production costs, especially the SME sector will be ruined and even the remnants of exports will be completely closed.

    They expressed concern that due to of such measures, industries will be defaulted and Government will be responsible.

    Nkati’s leaders urged to President and Prime Minister to immediately cancel K Electric’s permission to collect 4-year fuel adjustment charges and measures should be taken to protect industries from destruction, otherwise the industries will be locked up, which will lead to unemployment and worsening financial crisis. It will also have a very negative impact on exports so such decisions should be avoided.