KCCI Seeks Relief in Super Tax to Safeguard Businesses and Economy
The Karachi Chamber of Commerce and Industry (KCCI), warning of the destabilizing effects of abrupt and heavy Super Tax demands, has called for a structured and business‑friendly installment plan. According to KCCI, such a facility would enable taxpayers to meet their obligations without disrupting operations, thereby protecting economic activity and ensuring continuity in business growth.
Editor
KCCI Calls for PM’s Urgent Action as Transporters’ Strike Disrupts National Trade
President Karachi Chamber of Commerce and Industry (KCCI) Muhammad Jawed Bilwani has made an urgent appeal to Prime Minister Muhammad Shehbaz Sharif, calling for immediate and decisive intervention to resolve the ongoing nationwide transporters’ strike. He stated that the strike, now in its fourth consecutive day, has brought Pakistan’s logistics and transport systems to a complete standstill, disrupting trade operations and causing severe damage to the already fragile national economy.
Thai Diplomat Seeks KCCI’s Help to Finalize Free Trade Agreement with Pakistan
The Ambassador of Thailand to Pakistan, Rongvudhi Virabutr, while underscoring the need to conclude the Free Trade Agreement (FTA) between Thailand and Pakistan, urged the Karachi Chamber to push the government to finalize the FTA as soon as possible which would certainly help in further improving the existing trade ties between the two countries.
KCCI Condemns State Bank’s Token Interest Rate Cut as Ineffectual
President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Jawed Bilwani, while expressing strong disappointment over the State Bank of Pakistan’s (SBP) decision to implement a nominal reduction of just 1 percent in the policy interest rate, criticized the move as insufficient to address the prevailing economic challenges and unlock the country’s growth potential.
Mehfooz
KCCI Calls for SBP to Align Monetary Policy Rate with Regional Benchmarks
President Karachi Chamber of Commerce & Industry (KCCI), Muhammad Jawed Bilwani, has emphasized the pressing need for the State Bank of Pakistan (SBP) to align the nation’s key monetary policy rate with regional benchmarks to support economic growth and ease the burden on businesses.
Adil Aziz
DRAP, BOI, MOFA to be integrated with PSW: Asim Awan
Pakistan Single Window (PSW) is in the process of integration with DRAP, BoI, Foreign ministry and private sector service providers to ensure provision of the most efficient, hassle-free and speedy service to the business community. Pakistan Single Window (PSW) is in the process of integration with DRAP, BoI, Foreign ministry and private sector service providers…
KCCI for immediate withdrawal of MRP regulation on imported tea
President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Jawed Bilwani, in response to concerns expressed by the Pakistan Tea Association (PTA) over fixation of Minimum Retail Price (MRP) of Rs.1200 per kg flat rate on the import of black tea in bulk for further sales tax and withholding tax, urged the government to withdraw this unjust regulation immediately, stating that this measure would not only penalize legitimate importers by forcing them to pay higher taxes but also make tea expensive, particularly for the poor segment of society.
Swedish Companies Face Hurdles: High Taxes, Energy Costs, and Currency Transfer Issues
The Ambassador of Sweden Ms. Alexandra Berg von Linde, while commenting on Sweden-Pakistan trade and investment ties, stated that more than 40 Swedish companies have been established in Pakistan, of which many were known Swedish brands and have been present here for many decades but these Swedish companies face challenges including high tax rates when it comes to foreign investment, high energy prices and the difficulties in transferring foreign currencies.
2.5% Rate Cut in Interest Not Reflective of Inflation’s Downward Trend
President of the Karachi Chamber of Commerce and Industry (KCCI), Muhammad Jawed Bilwani, while commenting on the State Bank’s decision to reduce the interest rate by 2.5 percent, bringing it down to 15 percent, stated that while KCCI had anticipated a more substantial reduction of at least 5 percent, the actual cut of 2.5 percent was inadequate and did not align with the declining trend in inflation, which has now fallen to single digit.
FBR give extension the date of filing income tax return: KCCI
President Karachi Chamber of Commerce and Industry (KCCI), Iftikhar Ahmed Sheikh, requested the Federal Board of Revenue (FBR) to extend the last date for filing Income tax Returns by one month to facilitate maximum number of taxpayers in submitting their returns.