Tag: SITE Association

  • SAI Urges Early Notification for Reduced Power Tariff Rates

    SAI Urges Early Notification for Reduced Power Tariff Rates

    Karachi, January 23, 2024 – The Site Association of Industry (SAI) is urging the government to expedite the issuance of notifications concerning the reduction of power tariff rates.

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  • Industrialists Announce Shutdown on December 4 in Protest of Gas Tariff Increase

    Industrialists Announce Shutdown on December 4 in Protest of Gas Tariff Increase

    Karachi, November 30, 2023 – The industrialists of Karachi has announced a widespread shutdown of all industries on Monday, December 4, 2023, demanding the immediate implementation of the approved gas rates of 1350 rupees per MMBTU (Million British Thermal Units) by OGRA.

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  • Karachi Safe City Project to Become Functional by January 2024

    Karachi Safe City Project to Become Functional by January 2024

    Karachi, November 15, 2023 – Brig. (R) Haris Nawaz, Sindh Caretaker Minister for Home & Prisons Department, announced on Tuesday that the Karachi Safe City Project is slated to become operational by January 2024, providing a significant boost to the city’s efforts to combat street crimes and enhance public safety.

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  • SITE Karachi Industries Protest Soaring Gas Tariff, Fear Closure and Job Losses

    SITE Karachi Industries Protest Soaring Gas Tariff, Fear Closure and Job Losses

    Karachi, November 13, 2023 – The SITE Association of Industry (SAI) in Karachi has vehemently opposed the significant surge in gas tariffs, citing the adverse impact it is having on the industrial sector.

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  • SITE Association urges government to lift import restrictions in budget 2023-2024

    SITE Association urges government to lift import restrictions in budget 2023-2024

    Karachi, May 23, 2023 – The SITE Association of Industry (SAI) has called on the government to lift import restrictions in the upcoming budget for 2023-2024.

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  • Industry condemns withdrawal of low tariff electricity

    Industry condemns withdrawal of low tariff electricity

    KARACHI: The industry on Monday condemned the withdrawal of low tariff electricity for manufacturing and export oriented units.

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  • SITE Association terms 20% policy rate as interest bomb

    SITE Association terms 20% policy rate as interest bomb

    KARACHI: SITE Association of Industry has termed the massive hike in key policy rate to 20 per cent as interest bomb, making it impossible for businesses to borrow money.

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  • Foreign exchange crisis halts economic activities in Pakistan

    Foreign exchange crisis halts economic activities in Pakistan

    KARACHI: Foreign exchange crisis has halted economic activities in Pakistan, said President SITE Association of Industry Riaz Uddin on Wednesday.

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  • SITE Association demands dollar availability to avert industrial shutdown

    SITE Association demands dollar availability to avert industrial shutdown

    KARACHI: SITE Association of Industry has demanded the government to ensure dollar availability for import of raw material and avert industrial shutdown.

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  • Business community mourns demise of SM Muneer

    Business community mourns demise of SM Muneer

    KARACHI: Business community has mourned the demise of renowned business leader SM Muneer, who died yesterday on November 28, 2022.

    S.M. Muneer business leader of Pakistan who have walked through hard time and become an example to entire Pakistani entrepreneur. The start from the rise of his Din Group of Companies as one of the major business groups in the country is the story of almost 50 years of hard work and perseverance.

    The leadership of Businessmen Group (BMG) and Karachi Chamber of Commerce & Industry (KCCI), while expressing deep grief and sorrow on sad demise of Chairman Din Group & United Business Group (UBG) SM Muneer, stated that Late SM Muneer will always be remembered not only by the business community of Karachi but the entire Pakistan for his valuable services to the country.

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    In a joint statement, Chairman Businessmen Group Zubair Motiwala, Vice Chairmen BMG Tahir Khaliq, Haroon Farooki, Anjum Nisar, Jawed Bilwani, General Secretary BMG AQ Khalil, President KCCI Mohammed Tariq Yousuf, Senior Vice President Touseef Ahmed and Vice President Muhammad Haris Agar stated that Late SM Muneer was a good human being who generously contributed to dedicatedly serve the humanity as he was an active philanthropist. His sad demise has undoubtedly created a vacuum in business politics as he was a person who always raised a strong voice for the rights of business & industrial community.

    While extending heartfelt condolences to members of the bereaved family members, friends and well-wishers of Late SM Muneer, BMG & KCCI Leadership prayed that may Almighty Allah place the departed soul in Jannat ul Firdous and grant courage to all of them to bear this irreparable loss.

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    Chairman BMG Zubair Motiwala, who recently assumed charge of Trade Development Authority of Pakistan (TDAP) as its Chief Executive, said that SM Muneer visited TDAP office just two days ago to congratulate him on taking over his new assignment at TDAP. “Late SM Muneer, besides discussing matters of mutual interest, gave valuable advises for improving the exports”, he added and prayed that may Almighty Allah grant higher ranks to Late SM Muneer in Jannat ul Firdous.

    Faisal Moiz Khan, President North Karachi Association of Trade & Industry (NKATI), SVP Shabbir Ismail, VP Naeem Haider, Akhtar Ismail, Sadiq M, Imran Moiz and Younus Khamisani, have expressed their grief and sorrow over the sad demise of S.M. Munir Bhai Jan. They termed a big loss for the business community.

    In a statement, NKATI leaders were of the opinion that S.M. Munir’s outstanding services to the business community will always be remembered.

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    They prayed that Almighty Allah may grant courage to the members of bereaved family to bear this irreparable loss with fortitude and the departed soul may rest in eternal peace.

    Former President and Patron in chief SITE Zubair Motiwala, Former President and Chief Coordinator Saleem Parekh, Former President Jawed Bilwani, President Riaz Uddin and office bearers of SITE Association of Industry, have, condoled the sudden demise of KATI Patron-in-Chief S.M. Muneer.

    The leaders said that the passing away of S.M. Muneer has created a vacuum in business politics. He was a good human being and his services were acknowledged by the President of Pakistan who conferred on him ‘Sitara-e-Isaar’ and ‘Sitara-e-Imtiaz’ in recognition of his outstanding public service for the cause of humanity.

    Zubair Motiwala said that a few days ago, (late) S. M. Muneer came to meet & greet him on his appointment as CEO, TDAP.

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    They have prayed to the almighty Allah to rest the departed soul in eternal peace, grant him place in ‘Jannatul Firdaus’ and give strength & fortitude to the bereaved family to bear this irreparable loss with equanimity.

    M. M. Zubair Motiwala, Patron-in-Chief All Pakistan Textile Processing Mills Association (APTPMA), has expressed heartfelt condolence on the sad demise of SM Muneer, leader of business community.

    May Allah the Almighty, rest the departed soul in eternal peace and grant strength, courage and fortitude to the breaved family of Mr. SM Muneer to bear this irreparable loss, Ameen!

    “WE ARE FROM ALLAH, TO WHOM WE RETURN”

    He said that SM Muneer will be long remembered as a man of conviction and commitment.  His demise would create vacuum in business community. May Allah rest his soul in peace!

    Pervaz Lala, Chairman APTPMA, Mr. M. Imran, Regional Chairman, Mr. Amjad Jalil, Sr. Vice Chairman, Mr. M. Iqbal Arbi, Saleem Parkeh, former Chairman APTPMA, M. Arif Lakhani, Sikander Imran, Anwer Aziz, all Members Executive Committee and other senior members of the Association have condoled the sad demise. May Allah rest his soul in peace.