Karachi, May 10, 2025 — The SITE Association of Industry (SAI) has issued a strong appeal to Prime Minister Shehbaz Sharif, demanding the urgent withdrawal of the recently promulgated Tax Laws (Amendment) Ordinance 2025, warning that the new legislation poses a significant threat to both economic stability and constitutional norms.
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SAI criticizes minimal rate cut, urges reduction to single digits
KARACHI: The SITE Association of Industry (SAI) has expressed strong dissatisfaction over the State Bank of Pakistan’s (SBP) recent decision to cut the benchmark policy rate by just 1%, terming the move inadequate and disconnected from the economic needs of the industrial sector.
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Water shortage halts industrial production in Karachi: SAI
KARACHI, May 2, 2025 – Ahmed Azeem Alvi, President of the SITE Association of Industry (SAI), has raised a serious alarm over the ongoing water crisis in Karachi’s key industrial zone. He revealed that factories in the SITE area have not received a drop of water in the last two weeks, leading to a near-complete shutdown of industrial activity.
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SAI Sounds Alarm on Export Losses Amid Severe Water Crisis
Karachi, April 21, 2025 – The SITE Association of Industry (SAI) has raised serious concerns over the intensifying water shortage in Karachi’s SITE Industrial Area, warning of dire consequences for Pakistan’s exports and industrial sustainability.
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SAI Proposes High-Level Panel to Tackle Rising US Tariffs
Karachi, April 12, 2025 – The Site Association of Industry (SAI) has called on the federal government to form a high-level panel comprising representatives from Pakistan’s key industrial cities to evaluate and respond to the recent 29% increase in tariffs imposed by the United States on Pakistani exports.
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SAI Demands End to Discriminatory Electricity Tariff in Karachi
Karachi, April 7, 2025 – The SITE Association of Industry (SAI) has strongly urged the federal government to eliminate the long-standing disparity in electricity tariffs between Karachi and other cities.
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SITE Association Urges FBR to Extend Sales Tax Filing Deadline
Karachi, March 15, 2025 – The SITE Association of Industry has called on the Federal Board of Revenue (FBR) to extend the deadline for filing monthly sales tax returns, citing severe technical challenges faced by taxpayers using the FBR’s online IRIS system.
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Speeding Trailer Kills Industrialist Father, Son in Karachi Crash
Karachi, February 24, 2025 – A devastating accident on the ICI Bridge claimed the lives of a well-known industrialist and his son when their car was struck by a speeding trailer.
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SAI Urges Pakistan to Capitalize on US Tax Measures
Karachi, February 8, 2025 – The Site Association of Industry (SAI) has advised the Pakistan government to take advantage of recent tax measures introduced by the United States against various countries.
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SITE Association: Interest Rate Cut Lacks Positive Impact
Karachi, December 16, 2024 – The SITE Association of Industry has rejected the State Bank of Pakistan’s (SBP) recent monetary policy decision, stating that the 200-basis-point reduction in the policy rate will have no meaningful impact on the economy or industrial growth.
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