Examination can be expedited but customs authorities reluctant to give WEBOC access: Brig. Waqar KARACHI: Commandant Anti-Narcotics Force (ANF) Brig. Syed Waqar Haider Rizvi has said that ANF’s examination procedure can be expedited if it was given access to WEBOC system which was being demanded since last three years but… Continue reading

Motiwala terms Pakistan-Qatar LNG deal as ‘wonderful achievement’

Nadeem Babar promises to consider tariff reduction request from next month: KARACHI: Chairman Businessmen Group (BMG) & Former President Karachi Chamber of Commerce & Industry (KCCI) Zubair Motiwala, while terming the signing of a long-term LNG supply contract between Pakistan and Qatar as ‘wonderful achievement’, stated that KCCI and all… Continue reading

KCCI urges NEPRA to declare KE’s plea as ‘infructuous’

KARACHI: Senior Vice President Karachi Chamber of Commerce & Industry Saqib Goodluck, while referring to NEPRA’s public hearing on Fuel Cost Adjustment (FCA) and Quarterly Tariff Adjustment (QTA), urged NEPRA to declare K-Electric’s plea as ‘infructuous’ and reject it immediately while the Gas Infrastructure Development Cess (GIDC), instead of being… Continue reading

Paradigm Shift is required in tax structure

Karachi (PR) Mian Nasser Hyatt Magoo, President Federation of Pakistan Chambers of Commerce and industry in a meeting held with Chairman FBR along with senior officials from Customs and IRS said that it is high time to have paradigm shift in the tax structure to induce investment, promote production and… Continue reading

Majority banks to start processing foreign exchange digitally by February end: Ashraf Khan

KARACHI: Managing Director of State Bank of Pakistan’s Banking Services Corporation Muhammad Ashraf Khan has said that digitalization of foreign exchange, which started in March 2020, has been expanded from 8 to 13 banks and majority of the banks will be processing 88 percent of foreign exchange digitally by the… Continue reading

German Envoy advises exporters to make good use of human capital, develop industries, produce high-value products

KARACHI: Consul General of Germany Holger Ziegeler has said that although Pakistani exporters have been sending mostly textile, leather and some other products to Germany but they must make good use of human capital, develop industries and produce high-value products for more exports to Germany and other countries. Exchanging views… Continue reading

E-tax payment facility to be expanded to all districts within one-and-a-half month: Dharejo Municipal Charges not new, being collected exactly as per law: DC Central

KARACHI: Deputy Commissioner Central Dr. M.B. Raja Dharejo has said that the e-tax payment facility, which was introduced in District Central as pilot project, has proved successful hence it will now be expanded to all districts of Karachi within the next one-and-a-half month. Speaking at a meeting during his visit… Continue reading

Motiwala irked over Traffic Management Plan for PSL6, demands not to block Stadium Rd

KARACHI: Chairman Businessmen Group (BMG) & Former President Karachi Chamber of Commerce & Industry (KCCI) M. Zubair Motiwala, while expressing sheer dissatisfaction over the arrangements made to secure the National Stadium during PSL6, stated that the return of cricket in metropolis has become the biggest source of nuisance for Karachiites… Continue reading

Murtaza Wahab directs formation of liaison/consultative committee with KCCI

LEGISLATIONS FOR SOLID WASTE MANAGEMENT. KARACHI: In response to a suggestion by Chairman Businessmen Group (BMG) Zubair Motiwala, the Advisor to Chief Minister Sindh on Law, Environment, Climate Change and Coastal Development Barrister Murtaza Wahab directed the Secretary Environment to immediately notify a liaison/ consultative committee so that the Sindh… Continue reading

KCCI, SFIC ink MoU for establishing long term ties, setting up joint working group

Motiwala for insertion of arbitration clause in CPFTA to deal with trade conflicts. KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) has achieved a significant milestone by signing a Memorandum of Understanding (MoU) with Shanghai Federation of Industry & Commerce (SFIC) for establishing and maintaining long term ties, setting… Continue reading