ISLAMABAD: The Karachi Chamber of Commerce and Industry (KCCI) has urged the federal government to directly distribute the upcoming Winter Support Package to Karachi consumers, bypassing K-Electric (KE). The power utility currently owes approximately Rs 100 billion to its customers, according to KCCI President Jawed Bilwani. In a letter addressed to Federal Minister for Power Sardar Awais Khan Leghari, Bilwani…
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Jawed Bilwani, Zia ul Arfeen, Faisal Khalil elected as President, SVP, VPBMG, KCCI Leadership vow to fight aggressively for business community’s rights
KARACHI: Muhammad Jawed Bilwani, Zia ul Arfeen and Faisal Khalil were announced elected as President, Senior Vice President and Vice President of the Karachi Chamber of Commerce & Industry (KCCI) respectively for 2024-26 at the 63rd Annual General Meeting held at KCCI’s Auditorium.Chairman Businessmen Group (BMG) Zubair Motiwala, Vice Chairmen BMG Anjum Nisar and Mian Abrar Ahmed, General Secretary BMG…
Read MoreKCCI Urges Nepra to Address Urgent Issues with K-Electric
KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has called on the National Electric Power Regulatory Authority (Nepra) to urgently convene a hearing with all relevant stakeholders to resolve critical issues surrounding K-Electric (KE) that are adversely affecting both industrial and residential consumers in Karachi. In a letter addressed to Nepra Chairman Waseem Mukhtar, KCCI President Iftikhar Ahmed Sheikh…
Read MoreKCCI demands release of pending Rs33 billion against incremental consumption
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh, while referring to his discussions with industrial town associations in connection with delays in release of funds against incremental consumption of electricity during COVID-19 pandemic, urged the government to immediately release the remaining amount of Rs33 billion to Karachi industries so that their grievances could be minimized to…
Read MoreKCCI Expresses Disappointment Over Petrol Price Hike
KARACHI: The business community has expressed its disappointment over the recent hike in petroleum and diesel prices by Rs7.45 and Rs9.56, respectively, according to a statement issued on Monday. Businesses fear this increase will not only raise the cost of doing business but also exacerbate the hardships faced by ordinary people. Iftikhar Ahmed Sheikh, President of the Karachi Chamber of…
Read MoreKCCI appreciates Govt for giving ‘industry status’ to warehouses & logistics
KARACHI: President Karachi Chamber of Commerce and Industry Iftikhar Ahmed Sheikh has appreciated the government for announcing the much-awaited status of Industry to warehouses and logistics which was widely being demanded by the business and industrial community.In a statement issued, President KCCI said that the status of industry for warehouses and logistics was an outcome of a series of meetings…
Read MoreKCCI slams NEPRA’s decision to allow Rs7.052 per kWh adjustment in fuel charges for Jan
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh has strongly condemned NEPRA’s decision to allow an increase of Rs7.0562 per kWh as adjustment in fuel charges component for the month of January 2024 which was totally unacceptable as it would not only raise the cost of doing business but also intensify hardships for common man who…
Read MoreKCCI REJECTS UNEXPECTED HIKE IN PETROLEUM PRICE Hike in petrol price to hit all segments of society, terribly affect industrial production: Iftikhar Sheikh
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh, while rejecting the unexpected hike in price of petroleum, stated that although a hike somewhere in between Rs5 to Rs9 per liter was being expected as prices of petroleum products have increased in the international market but it was highly unfair to blatantly raise petrol price locally by…
Read MoreTurkish Company will set up solar panelsmanufacturing plant in Pakistan CG Turkiye
KARACHI: Consul General of Turkiye Cemal Sangu has said although Turkiye and Pakistan have been cooperating in many fields of trade and economy but the existing trade volume was very low which requires very hard work from the business communities of both countries.“We say we are brotherly but it doesn’t reflect in our trade. Keeping in view Pakistan’s and Turkiye’s…
Read MoreINDUSTRIES AT VERGE OF CLOSURECaretaker setup made highest hike of 191 percent in Industrial Gas tariff: President KCCI
KARACHI: President Karachi Chamber of Commerce and Industry (KCCI) Iftikhar Ahmed Sheikh has said that the caretaker setup has surpassed the elected Governments in terms of raising industrial gas tariff which has been raised by 118 percent since August 2023 from Rs1100 per MMBtu to Rs 2400 per MMBtu whereas further 40 percent addition of RLNG cost has taken gas…
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