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Dire needs of social security laws’ revision: NKATI

KARACHI: Faisal Moiz Khan, President North Karachi Association of Trade & Industry (NKATI), has said that the industrialists of North Karachi Industrial Area are playing their important role in the economic development of Pakistan but unfortunately the industrialists of this industrial area have been left helpless. Speaking at a seminar organized at North Karachi Association of Trade & Industry (NKATI) ... Read More »

KCCI urges NEPRA to declare KE’s plea as ‘infructuous’

KARACHI: Senior Vice President Karachi Chamber of Commerce & Industry Saqib Goodluck, while referring to NEPRA’s public hearing on Fuel Cost Adjustment (FCA) and Quarterly Tariff Adjustment (QTA), urged NEPRA to declare K-Electric’s plea as ‘infructuous’ and reject it immediately while the Gas Infrastructure Development Cess (GIDC), instead of being imposed on consumers, should be made part of the subsidy ... Read More »

PTBA asks FBR stop interfering judicial function of Commissioner Appeals

ISLAMABAD: Pakistan Tax Bar Association (PTBA) has urged the Federal Board of Revenue (FBR) to stop interference in judicial function of Commissioner Appeals. In a letter to FBR Chairman Muhammad Javed Ghani on Tuesday, the PTBA while referring to the instructions by the Legal Wing of the FBR to Commissioners Appeals, expressed serious concerns in interference in the judicial independence ... Read More »

Majority banks to start processing foreign exchange digitally by February end: Ashraf Khan

KARACHI: Managing Director of State Bank of Pakistan’s Banking Services Corporation Muhammad Ashraf Khan has said that digitalization of foreign exchange, which started in March 2020, has been expanded from 8 to 13 banks and majority of the banks will be processing 88 percent of foreign exchange digitally by the end of February 2021 and 98 percent by April whereas ... Read More »

QCCI seeks immediate release of pistachio consignments

QUETTA: Quetta Chamber of Commerce and Industry (QCCI) noted the Local Valuation Committee of Model Customs Collectorate (MCC), Quetta, in consultation with the DG of Customs (Valuation), Custom House, Karachi, had determined the Custom Value of Pistachio and Pistachio Shelled imported via land routes from Iran through Taftan. The said ruling contained the details/rationale for determining the different custom value ... Read More »

RCCI to organize Build Expo and Construction trade fair on February 26

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) is organizing the first Build 2021 Construction Trade Fair from February 26 to 28 at Topi Rakh Ayub Park. Construction and Developers  affiliates and companies will set up stalls. RCCI President Mohammad Nasir Mirza in a statement said that more than 40 industries are connected with the construction sector. The Chamber ... Read More »

RCCI president inaugurates furniture and living expo

RAWALPINDI: The furniture sector is playing an important role in boosting the country’s exports. Being part of Small and Medium Enterprise (SME) it served as a backbone of the economy.  Inaugurating the Furniture and living Expo in Islamabad, The Rawalpindi Chamber of Commerce and Industry (RCCI) President Nasir Mirza said that such exhibitions should be held continuously to attract investors ... Read More »

South Africa keen to strengthen trade ties with Pakistan: HC

RAWALPINDI: South Africa High Commissioner Methuthuzeli Madikiza has said that South Africa considers Pakistan an important market for trade cooperation and is keen to further enhance bilateral trade with it as the two countries have good potential for trade in many areas. Pakistan is the 14th big exporter to South Africa. He said that the trade relations between the two ... Read More »

KISMA’s viewpoint on tax-related issues to be incorporated in KCCI’s Budget Proposals 2021-22

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) M. Shariq Vohra has assured members of KISMA delegation that the Karachi Chamber, in KCCI’s Proposals for Federal Budget 2021-22, will certainly be highlighting the issues pertaining to higher Regulatory Duty, Customs Duty & Additional Customs Duty, Further Sales Tax, CNIC condition and other critical taxation issues being faced not only ... Read More »

US delegation visits LCCI

LAHORE – Business delegation from United States, led by Aisha Khan, visited Lahore Chamber of Commerce & Industry on Monday.  LCCI President Mian Tariq Misbah, Vice President Tahir Manzoor Chaudhry and former LCCI President Sohail Lashari were present on the occasion. Aisha Khan said that bringing Pak-US businessmen closer was her top priority. “It would be honor for us to ... Read More »

Motiwala irked over traffic management plan for PSL6, demands not to block Stadium Road

KARACHI: Chairman Businessmen Group (BMG) & Former President Karachi Chamber of Commerce & Industry (KCCI) M. Zubair Motiwala, while expressing sheer dissatisfaction over the arrangements made to secure the National Stadium during PSL6, stated that the return of cricket in metropolis has become the biggest source of nuisance for Karachiites nowadays as more than half of the city’s population suffers ... Read More »

SITE president expresses gratitude to Governor Sindh Imran Ismail

KARACHI: President of SITE Association of Industry Abdul Hadi, in a press statement, has expressed gratitude to the Governor Sindh Imran Ismail for providing two fire tenders to the Association. Mr. Hadi said that these fire tenders will operate under the supervision of Command & Control Centre, already working at SITE Association of Industry. The Association will ensure proper maintenance ... Read More »

Govt establishing cannabis farms as alternative to cotton: Fawad Chaudhry

LAHORE: Federal Minister for Science and Technology Chaudhry Fawad Hussain has said that farms for cannabis production are being established in Jhelum, Peshawar, Chakwal and Islamabad, highlighting that cannabis was an alternative to cotton and its production would immensely benefit Pakistan’s economy. Addressing the inaugural ceremony of the Lahore Chamber of Commerce and Industry (LCCI) app for apple IOS and ... Read More »

German companies looking for JVs in Pakistan

ISLAMABAD: The investors of Germany were looking with interest at Pakistan, which was a viable option for them for joint ventures (JVs) and investment. German company GIZ was working in Pakistan to promote technical training and skills development of its youth and Pakistani private sector should engage such trainees to improve its productivity. This was stated by Bernhard Stephan Schlagheck, ... Read More »

Govt should stop discrimination, allow dining in restaurants: Athar Chawla demanded

KARACHI: Athar Sultan Chawla, Vice President, Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and Convener All Pakistan Restaurant Association (APRA), reiterated his call on the government to allow dining in restaurants, saying that the government should stop discrimination and allow the restaurant industry to function as usual to prevent it from catastrophe, Otherwise the investment of billions will ... Read More »

PIA’s outlet inaugurated at KCCI, Members to get 10pc discount

KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) has achieved yet another significant milestone as Pakistan International Airlines (PIA)’s outlet was inaugurated within KCCI’s premises which will be providing 10 percent discount on domestic and international flights not only to KCCI members and staff but also their family members. In this regard, a Memorandum of Understanding (MoU) was signed ... Read More »

Gas restoration starts in SITE area on directives of SAPM Nadeem  Babar

KARACHI: Abdul Hadi, President SITE Association of Industry, has thanked the Special Assistant to the Prime Minister on Petroleum Nadeem Babar for restoring gas to captive power plants of SITE area as per commitment made on 29th January 2021 in a meeting held at Governor House, Karachi. He has also thanked the Governor Sindh Imran Ismail for playing key role ... Read More »

KCCI upset over stoppage of payments by NSC

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) M. Shariq Vohra, while expressing deep concerns over the sudden stoppage of payments by National Saving Center (NSC), urged the government to look into this serious issue as any delay in these payments would intensify the hardships mostly for the senior citizens including retired individuals and widows whose lives depend on ... Read More »

Murtaza Wahab directs formation of liaison/ consultative committee with KCCI

KARACHI: In response to a suggestion by Chairman Businessmen Group (BMG) Zubair Motiwala, the Advisor to Chief Minister Sindh on Law, Environment, Climate Change and Coastal Development Barrister Murtaza Wahab directed the Secretary Environment to immediately notify a liaison/ consultative committee so that the Sindh government in consultation with Karachi Chamber could thoroughly review and finalize legislations for Solid Waste ... Read More »

Industrialists halt unit expansion, machinery upgrading due to gas outage & high power tariff

KARACHI: Faisal Moiz Khan, President North Karachi Association of Trade & Industry (NKATI), has said that the anti-industry measures of the federal government have started having negative effects as a result of which the industrialists have stopped the expansion of their units and upgrading of machinery, while Investors have also stopped to setup new industries. Therefore, the government should must ... Read More »