KCCI Chief slams FBR’s discrimination towards Karachi, demands similar treatment towards Sindh for Section 7E
President Karachi Chamber of Commerce & Industry (KCCI) Mohammed Tariq Yousuf, while vociferously slamming the Federal Board of Revenue (FBR) for its discriminatory attitude towards the rest of the country other than Punjab, demanded similar treatment for Section 7E (tax on deemed income basis) of the Income Tax Ordinance 2001 at par with Punjab where…
Adil Aziz
Uzbekistan, Pakistan trade volume to reach US$1 Billion in two years: Envoy
Ambassador of the Republic of Uzbekistan Oybek Arif Usmanov has informed that trade between Uzbekistan and Pakistan has constantly grown at a pace of 50 to 55 percent annually during the last three years by starting from US$50 million to US$240 million last year whereas, this year, bilateral trade volume has already touched US$180 million…
KCCI asks govt. to withdraw hike in Petroleum Prices, electricity tariff
President Karachi Chamber of Commerce & Industry (KCCI) Mohammed Tariq Yousuf, while expressing sheer dismay over exorbitant upsurge in petrol and diesel prices by Rs17.50 and Rs20.00 respectively, stated that this extraordinary increase in fuel prices was totally unbearable for all segments of society including the business & industrial community as it would open up…
KCCI rejects Nepra’s go ahead for FCA increase
Base tariff hike under IMF agreement to give serious blow to exports, local production: Tariq Yousuf President Karachi Chamber of Commerce & Industry (KCCI) Mohammed Tariq Yousuf, while referring to NERPA’s Public Hearing held on Wednesday, rejected the Regulator’s decision to give go ahead to K-Electric for raising Fuel Cost Adjustment (FCA) by Rs1.495 per…
China in a perfect position to help Pakistan develop SME sector: CG
Consul General of China Yang Yundong, while responding to President Karachi Chamber’s suggestion, stated that China’s Small & Medium Enterprises (SMEs) account for 70 to 80 percent of GDP so it was in a perfect position to help Pakistan develop its SME Sector. In addition to developing the SME sector, a host of other areas…
Chief Secretary assures to resolve issues on top priority
Chief Secretary Sindh Dr. Muhammad Sohail Rajput has assured that all important issues pertaining to hindrances being created by Sindh Food Authority, retrospective demand for Capital Value Tax on transfer of vehicles, handing over of possession to shopkeepers of Empress Markets and relocation of anti-encroachment drive affectees of Jubilee, Mairaj Market and Aladdin Park will…
Cooperative Market delegation seeks KCCI’s assistance in dealing with lackluster business activities
Govt must come up with effective plan in budget to bring down inflation Members of a delegation from Saddar Cooperative Market sought Karachi Chamber’s assistance in dealing with the lackluster business activities at commercial markets where sales have gone drastically down to the lowest level and meager number of customers arrive for shopping mainly due…