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Tag Archives: Karachi Chamber of Commerce and Industry (KCCI)

Aruna Hussain, Soren Skou, Maersk mega scandal case: Importers demand special body to save them from blackmail

KARACHI: Importers have called for setting up a special committee to ensure the implementation of laws to save them from the extortion, blackmail and exploitation of Aruna Hussain, Soren Skou and other officials of Maersk in a mega scandal of illegal collection of demurrage and detention charges. Office-bearers of top chambers of commerce and industry have expressed their grave concern ... Read More »

Aruna Hussain, Soren Skou, Maersk Rs610 billion scam case: NAB to probe ‘robbing’ of importers

KARACHI: The National Accountability Bureau (NAB) has decided to investigate extortion of huge amounts from importers in the name of demurrage and detention charges. According to a newspaper report, importers are being forced to pay huge amounts on each consignment on one pretext or the other and the NAB has decided to probe it. The latest development has come after ... Read More »

50% in Feb, 60% in March: CEO intends to increase PSM’s production capacity to 77% by April

KARACHI: Pakistan Steel Mills (PSM) Chief Executive Officer Maj Gen (r) Zaheer Ahmed Khan, during his visit to the Karachi Chamber of Commerce and Industry (KCCI), has said that PSM’s production capacity will be enhanced 77 per cent by April 2015. Zaheer Ahmed Khan said that the production capacity was likely to improve up to 50 per cent in February, ... Read More »

10-65pc proposed hike: KCCI up against increase in gas tariff

KARACHI: In contrast to global phenomenon where the prices of both POL and gas are on the decline, but Pakistani government first increased GST on POL and now is planning to raise gas prices. The Karachi Chamber of Commerce and Industry (KCCI) will the government move as increasing in gas tariffs will hurt the industry adversely. Voice concern over the ... Read More »

Construction of floating LNG terminal: Russia wants to boost trade ties with Pakistan

KARACHI: Head of Russian Trade Representative Yury Kozlov has stressed the need to focus on exploring ways and means of how to promote investment cooperation between Pakistan and Russia which would surely help strengthen mutually beneficial trade and economic relations between the two countries. Speaking at a meeting during his visit to the Karachi Chamber of Commerce and Industry (KCCI), ... Read More »

Bilateral trade rises by 60pc: Pak-Indonesia trade up to $1.69b; set to touch $2.4b by year-end

KARACHI: Pak-Indonesia bilateral trade is likely to reach $2.4 billion by the end of current year as it has reached $1.69 billion on September 30, 2014, showing a 60 percent rise on year-on-year basis. Indonesian Consul General Hadi Santoso stated this during a meeting at Karachi Chamber of Commerce and Industry (KCCI). He expressed his optimism that trade volume could ... Read More »

$1.69b export between Pak, Indonesia to reach $2.4b till Dec 31

KARACHI: Consul General of Republic of Indonesia Hadi Santoso has said that rapidly boosting bilateral economic ties between Indonesia and Pakistan offer prospects to further forge the bonds of friendship and to establish broad-based commercial partnership. He said this while speaking at a meeting during his visit to Karachi Chamber of Commerce and Industry (KCCI). The Indonesian envoy informed that ... Read More »

Karachi markets remain closed to mourn Peshawar attack

  KARACHI: All main markets, shopping centres and bazaars remained close on Wednesday on the call of All Karachi Traders Association and Anjuman-e-Tajraan Karachi to mourn the killing of 140 schoolchildren in terrorist attack on Peshawar school on the other day. The traders’ unions took the decision to express solidarity with the grieving families who lost their love ones in ... Read More »

Belgian cos catalogue exhibition held: Ambassador assures KCCI of co-op to cement trade ties

KARACHI: Though Belgium being a member of European Union has to follow certain rules and regulations for issuance of visas, it is committed to facilitating Pakistani businessmen and industrialists to ensure timely visas issuance. Belgian Ambassador Peter in Pakistan Claes stated this at the Belgian Companies’ Catalogues Exhibition organized by Karachi Chamber of Commerce and Industry (KCCI) in collaboration with ... Read More »

KCCI seeks power supply to TSML at Rs123 per MMBTU

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has warned that the closure of a steel plant of Tuwairqi Steel Mills Limited (TSML) with significant foreign investment will cause further decrease in FDI and may negatively impact the foreign and local investment. In a communiqué addressed to the Federal Ministry for Finance, KCCI President Iftikhar Ahmad Vohra appealed to ... Read More »

Japan’s 141yrs MIZUHO Bank to open branches in Pakistan

KARACHI: Japan’s MIZUHO Bank Limited is opening its branches in Pakistan. It is the world’s largest financial institution. Asia & Oceania Division Senior Manager Hisanori Matsubayashi informed at Karachi Chamber of Commerce and Industry. He said that Mizuho Financial Group was the world’s largest full-service financial conglomerates with offices in over 30 countries and having banking experience of 141 years. ... Read More »

Commerce Ministry mulls opening of Monabao–Khokhrapar trade route

ISLAMABAD: The Ministry of Commerce (MoC) is carrying on discussions with stakeholders on the issue of opening the trade route between Pakistan and India via Monabao –Khokhrapar. Khokhrapar is a border town situated in Tharparkar district Sindh while Munabao is a village in the Barmer District in Rajasthan bordering with Pakistan and both are situated at the distance of 322 ... Read More »

Vohra backs importers’ demand to bring down duties on spare parts

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) President Iftikhar Vohra has said that the Karachi Chamber will support All Pakistan Motorcycle Spare Parts Importers and Dealers Association’s demand to bring down the exorbitant custom duties on import of motorcycle spare parts with a view to discourage smuggling and create an enabling business environment. Talking to a 30-member delegation ... Read More »

Vohra urges FBR to extend date for Income Tax filing

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Iftikhar Ahmed Vohra has urged the Federal Board of Revenue (FBR) to extend the last date for filing of income tax returns and wealth statements as the taxpayers are facing immense hardships and are unable to timely submit their returns through the faulty IRIS system. In a statement issued on Thursday, ... Read More »

Billions dollars investment likely as Chinese President to visit Pakistan soon

KARACHI: Chinese President Xi Jinping will visit Pakistan soon as the dialogues between the two neighbouring countries about the visit are underway. Consul General of Peoples Republic of China, Ma Yaou, has said this during a meeting with a delegation of Karachi Chamber of Commerce and Industry (KCCI) at Consulate General of Peoples Republic of China in Karachi. Ma Yaou ... Read More »

KCCI, UK-PAK chamber ink MoU to enhance bilateral trade

KARACHI: Senior Vice President of the Karachi Chamber of Commerce and Industry (KCCI), Muffasar Atta Malik has said that KCCI’s delegation successfully participated in the “UK-Pakistan Trade Festival” organized recently by Consulate General of Pakistan at The Great Hall in Manchester Town Hall. KCCI’s delegation, which was led by Muffasar Atta Malik, Senior Vice President, comprised Muhammad Idrees, Vice President, ... Read More »