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Tag Archives: KCCI

KCCI asks Dar to stop illegal trade of dry coconut on LOC

KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI), Iftikhar Ahmed Vohra, has asked Federal Finance Minister Ishaq Dar to curb illegal trade between Azad Kashmir and Indian Occupied Kashmir. In a letter sent to the finance minister, the KCCI president stated that some of the firms have complained about misuse of Cross LoC Trade between Azad Kashmir ... Read More »

Siraj Teli extends support to Sindh govt for cleanliness of city

KARACHI: Businessmen Group (BMG) Chairman and former Karachi Chamber of Commerce and Industry (KCCI) President Siraj Kassam Teli, while appreciating Sindh government’s initiative to observe ‘Clean, Green and Peaceful Sindh’ week, stated that KCCI warmly welcomes and officially supports this initiative but this campaign should not just remain active for a week only and should continue throughout the year so ... Read More »

Afghan government will take serious measures to dismantle smuggling: Ashraf Ghani

KABUL: A delegation of Pakistan-Afghanistan Joint Chamber of Commerce and Industry (PAJCCI) met President of Afghanistan, Mohammad Ashraf Ghani in Kabul to discuss matters of mutual interests, besides exploring ways and means to enhance the existing trade and investment ties between the two countries. PAJCCI delegation, which was led by President Karachi Chamber of Commerce and Industry (KCCI) Iftikhar Ahmed ... Read More »

KCCI requests FBR to elucidate Sales Tax notices issue

KARACHI: Karachi Chamber of Commerce and Industry Senior Vice President Muhammad Ibrahim Kasumbi has requested the Federal Board of Revenue (FBR) to order the concerned authorities for clarifying the issue of Sales Tax notices which are being constantly issued to taxpayers. SVP KCCI in a letter issued to Shahid Hussain Asad, Member IR Policy FBR advised to make necessary announcements ... Read More »

KCCI urges Dar, FBR chief to take notice of harassment to importers

KARACHI: President, Karachi Chamber of Commerce and Industry Iftikhar Ahmed Vohra, has urged Federal Finance Minister Ishaq Dar and Chairman Federal Board of Revenue Tariq Bajwa to take notice of the harassment being caused by Land Customs and Directorate of Intelligence & Investigation. In a statement, President KCCI said that representatives of Goods Carriers Association and many of KCCI members, ... Read More »

Onart calls for further strengthening of Pak-Turkish trade ties

KARACHI: Consul General of Turkey in Karachi Murat M. Onart has stressed the need for further strengthening of trade relations between Pakistan and Turkey as the existing trade volume between the two countries does not depict the true trade potential. Speaking at a meeting during his visit to the Karachi Chamber of Commerce and Industry, Turkish CG said that Pakistan ... Read More »

Lawlessness causes capital flight from Karachi: KCCI chief

KARACHI: An 11-member delegation of 16th Senior Management Course of National Management College Lahore led by Director (NMC) Hamid Hameed Waris visited the Karachi Chamber of Commerce and Industry (KCCI) on an Inland Study Tour. During its visit, the NMC delegation met KCCI President, Iftikhar Ahmed Vohra, Senior Vice President KCCI, Mohammad Ibrahim Kasumbi, Vice President KCCI, Agha Shahab Ahmed Khan ... Read More »

Audit notices: Dar assures KCCI of discussing taxpayers’ problems with FBR chief

  KARACHI: Federal Minister for Finance and Economic Affairs, Ishaq Dar, has assured a delegation of the Karachi Chamber of Commerce and Industry (KCCI) that the issue of audit notices to taxpayers under final tax regime will be thoroughly discussed with the Federal Board of Revenue (FBR) chairman with a view to provide relief to perturbed taxpayers. The assurance was ... Read More »

KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI), Iftikhar Ahmed Vohra, has asked the European Union countries to assist Pakistan in improving its infrastructure so that a business environment could be provided to Pakistani exporters who are keen to raise their exports to EU, particularly after the grant of GSP Plus status. He said that in the ... Read More »

Rangers Special Cell to provide security to investors: Maj Gen Bilal

KARACHI: Director General of Pakistan Rangers Sindh, Maj. Gen. Bilal Akbar has said that Rangers Special Task Cell will be providing security to foreign investors visiting Karachi with a view to create a sense of security and a business friendly environment in this important city of the country. Speaking at a meeting during his visit to Karachi Chamber of Commerce ... Read More »

Karachi Commissioner vows to solve problems of exporters

KARACHI: “Trade Development Association of Pakistan (TDAP) will be asked to solve difficulties faced by Karachi-based business community engaged in export trade,” said Commissioner Karachi, Shoaib Ahmad Siddiqui while talking to the local exporters. While talking to a delegation of businessmen, Siddiqui said proper understanding about issues and coordinated efforts could help raise industrial output.  They can help increase exports ... Read More »

KCCI seeks tax collection details from FBR

KARACHI: The Karachi business community has urged Federal Board of Revenue to give them details of Income Tax, Sales Tax and Foreign Direct Investment (FDI) collected from taxpayers of the metropolis during the fiscal year of 2013-14. Expressing concern over selection of taxpayers for audit through computer balloting, Karachi Chamber of Commerce and Industry (KCCI) President Iftikhar Ahmed Vohra has ... Read More »

Customs Valuation of milk powder determined

KARACHI: The Directorate General of Customs Valuation has determined the customs values of milk powder vide Valuation Ruling No 696/2014  and No Misc/28/2007-I dated October 1, 2014. The Directorate initiated the exercise to re-determine the customs values of powder milk after it received a reference No 3(15) S.Val Audit/2013 (4) dated April 10, 2014 from the Federal Board of Revenue ... Read More »

KCCI asks FBR to simplify income tax returns filing procedure

KARACHI: Local industrialists and businessmen have urged Federal Board of Revenue (FBR) to further make easier new rules of filing income tax returns to enhance tax base of the country. Karachi Chamber of Commerce and Industry (KCCI) President Abdullah Zaki, in a statement, demanded that the status quo should be restored to tax year 2013 in order to ensure smooth ... Read More »

KCCI urges FBR to simplify filing of income tax returns

KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI), Abdullah Zaki, while appreciating extension in last date for filing of income tax returns up to Oct 31, urged the Federal Board of Revenue to simplify new rules in filing income tax returns. In a statement, President KCCI said that the FBR authorities should seriously consider simplifying these rules ... Read More »

KCCI Managing Committee unanimously elects office-bearers for 2014-15

KARACHI: The Managing Committee of Karachi Chamber of Commerce & Industry (KCCI), in its meeting held on 27th September, 2014, unanimously elected office bearers for year 2014-2015. Iftikhar Ahmed Vohra, who has become 22nd President of Karachi Chamber from the Businessmen Group, was elected unopposed to lead KCCI affairs while Muhammad Ibrahim Kasumbi was elected as Senior Vice President KCCI ... Read More »

Valuation ruling of tamarind with seeds issued

KARACHI: The Directorate General of Customs Valuation has determined the customs value of tamarind with seeds from all origins through Valuation Ruling No. 687/2014 No. MISC/11/2014-1/7597 dated September 22, 2014. The directorate did this after it received a reference – (SI/Misc/263/2014/GR-I (AW) – from MCC of Appraisement-West for determination of tamarind with seeds under Section 25-A of the Customs Act ... Read More »

Malaysian Consul General urges KCCI to enhance trade ties  

KARACHI: Consul General of Malaysia in Karachi Abu Bakar Mamat has invited the members of the Karachi Chamber of Commerce and Industry (KCCI) to participate in INTRADE Malaysia 2014 exhibition which is scheduled to be organised in Kuala Lumpur from October 20-22, 2014. Speaking at a meeting during his visit to Karachi Chamber, Malaysian Consul General informed that International Trade ... Read More »

Indian HC for more trade routes on Pak-India border

KARACHI: Indian High Commissioner Dr TCA Raghavan has said that in order to facilitate the business communities of both the neighbouring countries, Delhi and Islamabad should talk about opening up more trade routes including Khokhrapar-Monabao border. He said this during a visit to Karachi Chamber of Commerce and Industry (KCCI). KCCI President Abdullah Zaki, Businessmen Group Chairman & former KCCI ... Read More »

Valuation ruling of malleable iron pipe fittings issued

KARACHI: The Directorate General of Customs Valuation has determined the value of malleable iron pipe fittings through Valuation Ruling No 682/2014 under Section 25A of the Customs Act, 1969. According to details, the Customs values of malleable iron pipe fittings with grooves (below 4 inches size) from China Origin having HS Code 7307.1990 and proposed PCT for WeBOC is 7307.1990.1000 ... Read More »