KCCI slams NEPRA’s decision to allow Rs7.052 per kWh adjustment in fuel charges for Jan

KCCI-Import

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…

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KCCI REJECTS UNEXPECTED HIKE IN PETROLEUM PRICE Hike in petrol price to hit all segments of society, terribly affect industrial production: Iftikhar Sheikh

KCCI-Import

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…

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Turkish Company will set up solar panelsmanufacturing plant in Pakistan CG Turkiye

New-Project

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…

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INDUSTRIES AT VERGE OF CLOSURECaretaker setup made highest hike of 191 percent in Industrial Gas tariff: President KCCI

gas-supply

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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EU Envoy advises business community to take full advantage of GSP Plus by diversifying exports

Karachi-Chamber

KARACHI: Ambassador of European Union (EU) Raina Kionka has said that rather than staying confined to exporting textiles only, the business community of Karachi should broaden and diversify their exports to EU so as to take maximum advantage of EU’s GSP Plus for Pakistan which has recently been rolled over for four more years up to 2027.“GSP Plus is tremendously…

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Envoy advises business community to diversify exports to Germany

business-community

KARACHI: Consul General of Germany Dr. Ruediger Lotz has said that the textile sector was very important when it comes to bilateral trade as 85 percent of Pakistan’s exports to Germany comprises of textile products which, although was wonderful thing, but the exports need to be diversified to further improve the existing trade volume.Exchanging views at a meeting during his…

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‘Obsolete KE plants cost Karachiites Rs3-5 extra per unit’

KCCI-Import

KARACHI: Sindh Commerce Minister Muhammad Younus Dagha has said the Karachiites pay at least Rs3 to Rs5 per unit extra to K-Electric on account of fuel cost adjustment (FCA) every month as compared to other distribution companies (Discos) because of KE’s obsolete power generation plants which need to be unbundled. “The electricity supply system stands completely unbundled across Pakistan where…

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Denmark Envoy advises Pakistan to transform oil & coal-based economy to renewable & green economy

KARACHI: Ambassador of Denmark Jakob Linulf, while referring to economic crises suffered by Denmark in 70s and 80s when it was also on the verge of bankruptcy, said that Denmark came out of these crises by coming with a concept of transforming oil & coal-based economy to a renewable and green economy, which helped in attaining a unique position and…

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KCCI, NUTECH ink MoU to agree upon principles for establishing NUTECH Karachi Campus

KCCI-MOU

KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) and National University of Technology (NUTECH) inked a Memorandum of Understanding (MoU) wherein both institutions have mutually agreed upon principles for establishment of NUTECH Karachi Campus (NKC) to be constructed on a 50-acres land provided by the Airport Security Force (ASF) at M-9 Superhighway.According to the MoU signed by President KCCI…

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SIFC focuses on 5 sectors for investment

PFCCI-1

KARACHI: In continuation of its efforts to improve the country’s business climate, the Special Investment Facilitation Council (SIFC) has asked Karachi’s business community to exploit huge investment potential in agriculture, livestock, information technology, mining and energy sectors. At a meeting held at Corp Commander Office V on Tuesday, Special Assistant to Caretaker Prime Minister Dr Jehanzaib Khan and the SIFC’s…

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