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KCCI

KCCI prompts Nepra for urgent hearing

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KCCI

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has prompted the National Electric Power Regulatory Authority (Nepra) to hold an urgent hearing of the stakeholders of Karachi regarding electricity issues.

KCCI president wrote a letter to Nepra Chairman Waseem Mukhtar regarding inflated electricity costs.

The letter held the government and K-Electric (KE) responsible for exorbitant electricity bills in Karachi. It also entailed a formula to decrease the cost of electricity in Karachi.

The Chairman of Nepra has been requested to consider the points mentioned in the letter on an urgent basis.

KCCI President has called the Power Holding Limited (PHL) surcharge imposing Rs3.23 per unit on the consumers unjust.

As per the letter, KE is charging 3 to 5 Rupees higher than other distribution companies (Discos) for fuel adjustment. Also, Karachi remains unpaid as far as the promised subsidy of Rs33 billion — during COVID-19 — is concerned. Karachi electricity consumers are being charged a Rs1.52 unit additional surcharge. Solving these issues may decrease electricity costs by 7 to 8 Rupees.

Nepra has been requested to call the stakeholders of Karachi for an urgent hearing.

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President for collective efforts to address socio-economic challenges

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President
  • President Alvi met delegation of KCCI in Karachi.
  • He urged creation of an inclusive society.
  • He expressed optimism about Pakistan’s potential

KARACHI: President Dr. Arif Alvi has emphasized the need for collective efforts to tackle challenges such as unemployment, rising stress levels in society, improving access to opportunities for differently-abled individuals, and enhancing female participation in businesses and employment.

He, in a meeting with a delegation from the Karachi Chamber of Commerce and Industry (KCCI) in Karachi, underscored the importance of volunteerism and active involvement of the chambers, banking sector, and civil society to overcome the socio-economic challenges in the country.

President stressed that the business community should play a pivotal role in advancing social sectors and fulfilling their corporate social responsibility by helping those in need. He highlighted that the collaborative endeavors between the public and private sectors could bring about a positive transformation in people’s lives, particularly in the realm of social initiatives.

He urged the creation of an inclusive society that actively promotes female participation in socio-economic activities. He called upon KCCI members to inspire and support women in becoming future entrepreneurs, fostering confidence and empowerment among them.

President acknowledged the positive impact of information technology on facilitating bank account opening and financial transactions for women. He emphasized the business community’s role in providing a conducive atmosphere for women at workplace.

He also called on the corporate sector to prioritize the welfare of their workers and environmental protection, ensuring a better world for future generations.

Regarding the performance of the banking sector, President Alvi praised its achievements over the past three years. He urged chambers to develop fast-track mechanisms to ensure quantifiable performance, with a specific goal of achieving 20 to 25% female employment within the industry. He commended some banks in the country for achieving a remarkable 30% female employment.

 

President expressed optimism about Pakistan’s potential, citing abundant natural and human resources. He emphasized the need to provide quality education and skills to harness the competitiveness of the industrial and business sectors.

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FBR condemned for slapping tax on immovable property

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FBR condemned for slapping tax on immovable property

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Mohammed Tariq Yousuf has condemned the Federal Board of Revenue (FBR) for its “biased attitude” as it has imposed a tax on sale or transfer of immovable property in Karachi while the same tax has been withdrawn in Punjab. The KCCI President demanded a similar treatment … Read more

KCCI concerned over rupee depreciation

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KCCI

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Muhammad Idrees urged the State Bank of Pakistan (SBP) to devise effective strategy to stop further rupee depreciation, a statement said on Tuesday. “Although the experts are attributing the rupee devaluation to political uncertainty but the SBP, being the regulator, has to play a role otherwise, … Read more

Frequent IMF programmes complexes policy making: official

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IMF

KARACHI: The frequent International Monetary Fund (IMF) programmes complexes the policy making for the country, an official said on Monday. Federal Board of Revenue Chairman Muhammad Ashfaq, while addressing the members of the Karachi Chamber of Commerce and Industry (KCCI) said that Pakistan has entered into the IMF programmes several times resulting in complex policy … Read more

KCCI expresses concern over falling rupee value

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KCCI

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Muhammad Idrees has warned that the rupee devaluation is going to have a deep impact on the inflation as it will raise the cost of doing business, a statement said. He said that the rupee depreciation will not only make Pakistani goods uncompetitive in the export … Read more

KCCI expresses concerns over land grabbing, illegal allotments

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KCCI

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has expressed concerns over the rising cases of land grabbing and illegal allotments in the city, a statement said on Friday. KCCI President Muhammad Idrees said that in addition to suffering badly due to the rising lawlessness, the miseries of the business community and the public … Read more

KCCI slams government for ignoring Karachi

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KCCI

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Muhammad Idrees has blasted the federal government for ignoring the issues and problems of Karachi, a statement said on Tuesday. Idress said that Karachi continues to suffer badly due to dilapidated infrastructure, unavailability of gas, electricity, water and other important civic facilities whereas, the hardships for … Read more

KCCI files claims worth Rs445 million in fire incidents

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KCCI

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has filed claims worth a total of Rs445.20 million for the affectees of Cooperative Market and Victoria Building incidents, a statement said on Thursday. The KCCI in collaboration with Sindh government carried out the assessment task for scrutinising the losses suffered by the affectees which has … Read more

A big shock

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shaukat tarin

ISLAMABAD: A massive increase of Rs12/litre in the petrol prices came as a big shock for van driver Atiq Khan, who provides pick-and-drop service to school children. Atiq Khan said that he had increased the transportation charges last month, but the recent hike in petrol prices have made things much more difficult for him. “Last … Read more

KCCI, CEC sign agreement for SME promotion

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KCCI

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has signed a memorandum of cooperation with UK-based Commonwealth Entrepreneurs Club (CEC) to promote SMEs and enhance their role in economic development, a statement said. The memorandum was inked by CEC Chairman and Co-Founder Mobin Rafiq and KCCI President Muhammad Idrees during a meeting held at … Read more

KCCI urges cooperative market fire victims to submit claims

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KCCI

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) on Monday urged the Cooperative Market fire incident victims to submit their claims in order to avoid delays in disbursement, a statement said. Businessmen Group (BMG) Chairman Zubair Motiwala and Karachi Chamber President Muhammad Idrees while assuring full support and cooperation to shopkeepers of the fire-hit … Read more

KCCI blasts Police performance over rising street crimes

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KARACHI: The rising street crimes all over the city poses a big question mark on the performance of Law Enforcing Agencies (LEAs), an official said on Monday. Karachi Chamber of Commerce and Industry (KCCI) President Muhammad Idrees has said that the LEAs are completely unsuccessful in dealing with the menace of street crimes while the … Read more

A bumpy ride for small businesses

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small businesses

KARACHI: The persistent increase in the cases of coronavirus pandemic has badly affected the entire business chain of Pakistan, especially the Micro, Small and Medium-sized Enterprises (MSMEs), resulting in an economic crisis-like situation in the country. Most of the enterprises are facing various issues with a certain degree of losses, including decrease in the demand-supply … Read more

KCCI hosts event to raise awareness about PSW

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KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) organised a session on Pakistan Single Window (PSW) to raise technical awareness about its operations, a statement said on Tuesday. The session raised technical awareness about the overall operations of this important facility and provided an opportunity to the participants of the session to better understand … Read more

NUTECH to set up campus in Karachi

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NUTECH

KARACHI: Pro-Rector of the National University of Technology (NUTECH) Maj Gen Khalid Jawed expressed the determination and resolve to set up NUTECH campus in Karachi, a statement said. There was no lack of will or energies for setting up NUTECH University campus in Karachi, which when established, would certainly prove beneficial for the industries in … Read more

Auto parts importers demand tax rationalisation

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Auto parts

KARACHI: An automobile association has urged the Karachi Chamber of Commerce and Industry (KCCI) to support their demand of rationalising the duty structure on auto parts, a statement said on Tuesday. A delegation of the Pakistan Automobile Spare Parts Importers and Dealers Association (Paspida) visited the KCCI and sought Karachi chamber’s support for the rationalisation … Read more

Yarn merchants seek KCCI’s help in bringing down duties, taxes

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Yarn merchants

KARACHI: The Pakistan Yarn Merchants Association (PYMA) has sought the cooperation of the Karachi Chamber of Commerce and Industry (KCCI) in convincing the government for reducing the duties and taxes and abolish anti-dumping duty on polyester yarn, which is the main raw material for the textile industry and the Small and Medium Enterprises (SMEs), a … Read more

KCCI supports general industry against gas supply suspension

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KCCI

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has said that it fully supports general industries’ resistance against the suspension of gas supplies, as it would not only affect their own production but would also have a severe impact on the export-oriented industries, as well because both were linked with each other and it … Read more

Nigerian diplomat calls for setting up joint chamber to enhance trade

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KCCI

KARACHI: The Nigerian High commissioner held a meeting with the Karachi Chamber of Commerce and Industry (KCCI) officials and discussed the establishment of a joint chamber of commerce and industry between the two countries to enhance bilateral trade, a statement said. During his visit to the KCCI, Nigerian High Commissioner Mohammed Bello Abioye also stressed … Read more

KCCI chief assures support to small traders against FBR’s harassment

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traders

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) president Muhammad Idrees, after listening to the grievances being faced by the members of the All City Tajir Ittehad (ACTI), assured that the chamber would take up all their issues with relevant departments and ensure that they do not have to go through any kind of harassment … Read more

KCCI flays hike in petroleum prices

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Mamnoon Hussain

KARACHI: Businessmen Group (BMG) chairman and former president of the Karachi Chamber of Commerce and Industry (KCCI) Zubair Motiwala has appealed to the government to subsidise the impact of the international oil prices, a statement said on Saturday. The increase in petroleum prices would not only affect the overall economic performance but would also intensify … Read more

SRB making all-out efforts to resolve taxpayers’ issues: chairman

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KARACHI: The provincial revenue authority is making all-out efforts to resolve taxpayers’ issues on a priority basis, an official said on Friday. Speaking at a meeting during his visit to the Karachi Chamber of Commerce and Industry (KCCI), Sindh Revenue Board (SRB) chairman Khalid Mehmood said the board has been making cautious efforts to ensure … Read more

KCCI grieved over loss of lives in Balochistan quake

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KCCI

KARACHI: The leadership of Businessmen Group (BMG) and office-bearers of the Karachi Chamber of Commerce and Industry (KCCI) have expressed deep grief and sorrow over the loss of lives caused by a horrifying earthquake of 5.9 magnitude, which struck Balochistan on Wednesday night. In a joint statement, Businessmen Group chairman and former president of the … Read more

Elias Memon: Karachi Chamber will continue to provide services to the business community

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Elias Memon

Chairman of All Karachi Anjuman-e-Tajiran and President of Tariq Road Traders Alliance Elias Memon accompanied by the delegation President of Karachi Chamber of Commerce and Industry (KCCI) Sharq Vohra and called on Senior Vice President Saqib Goodluck. During the meeting, issues related to traders affected by Corona were discussed. Saleem Unar, Nasir Mahmood, Mujahiduddin, Hanif … Read more

PAF Air War College team visits KCCI

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Mamnoon Hussain

KARACHI: A delegation comprising senior officers of PAF Air War College led by Air Vice Marshal Hussain Ahmed Siddiqui visited the Karachi Chamber of Commerce and Industry (KCCI), where it was briefed about the role being played by the Karachi’s business community in the overall economic development of the country, a statement said on Friday. … Read more

Gas crises to continue for another two years: SSGC

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SSGC

KARACHI: The gas crisis, being faced during the winter season, is likely to continue for another one to two years until the new terminals for the regasified liquefied natural gas (RLNG) get installed at the port, an official of a gas utility said on Thursday. Exchanging views at a meeting during his visit to the … Read more

Karachi Chamber appeals for extended business hours

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kcci

KARACHI: Businessmen Group chairman Zubair Motiwala and Karachi Chamber of Commerce and Industry (KCCI) president Shariq Vohra have appealed the Sindh government to have mercy on perturbed small traders, shopkeepers and restaurant businesses who must be allowed to keep their business activities operational throughout the week from Monday to Saturday without any closure on Friday, … Read more

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