Tag Archives: KCCI

Finance Minister sets up anomaly committee for budget 2018/2019

ISLAMABAD: Finance Minister Dr. Miftah Ismail on Friday constituted an anomaly committee to review the Finance Bill 2018 and make recommendations for removing the anomalies.

Industry needs affordable energy to become competitive: KCCI

KARACHI: Industry needs reliable and affordable energy to become productive and competitive besides it should also find an appropriate balance between growing demand for energy and responsibility to protect environment, Muffasar Atta Malik, President, Karachi Chamber of Commerce and Industry (KCCI) said.

KCCI calls for duty, tax reduction on motorcycle spare parts import

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) on Wednesday urged Federal Board of Revenue (FBR) to reduce taxes and duties on import of motorcycle spare parts to discourage smuggling and provide relief to common man.

Karachi Chamber demands reducing duty, taxes on dry milk

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has demanded the government of reducing duties and taxes on dry milk in order to encourage legal imports and encounter smuggling.

Chambers’ convention demands withdrawal of discretionary powers of tax officials in budget 2018/2019

KARACHI: A convention of chambers of commerce and industry and trade associations has demanded Federal Board of Revenue (FBR) of withdrawing discretionary powers given to tax officials during the past five years.

‘NAB has right to probe illegal money whitened under amnesty scheme’

KARACHI: Mohammad Altaf Bawany, Director General of National Accountability Bureau (NAB) Sindh on Thursday said that any illegal money whitened under any amnesty scheme the bureau has right to investigate the source.

No facilitation to imported consumer items; regulatory duty to remain intact

KARACHI: Secretary Commerce, Mohammad Younus Dagha has said that Regulatory Duty was imposed with an intention to only discourage the import of consumer goods and the Ministry of Commerce is also against imposition of RD on raw material which is the basic reason why RD on 35 raw materials has been withdrawn recently.

KCCI urges FBR to extend tax return filing date up to Dec 31

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has urged the Federal Board of Revenue (FBR) to extend the last date for filing income tax returns up to December 31 as many taxpayers will not be able to file their returns by last date i.e. November 15 due to slowdown of Iris – the online return filing portal.

Business community condemns businessman’s detention in sales tax refund scam

KARACHI: Business community has strongly condemned the arrest of a businessman by National Accountability Bureau (NAB) in sales tax refund scam.

KCCI criticizes injustice in sales tax on mobile phones

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has opposed uniform sales tax rates for all type of mobile phones saying that it is injustice to down trodden segment of society.