Tag Archives: KCCI

Junaid Makda rejects hike in gas prices, requests immediate withdrawal

Karachi, October 05, 2018 (PPI-OT): President Karachi Chamber of Commerce and Industry (KCCI) Junaid Esmail Makda, while totally rejecting OGRA’s decision to raise gas prices, requested the government to immediately withdraw the exorbitant hike as it would substantially raise the cost of doing business and prove detrimental for the CNG Sector and General Industries.

In a statement issued, Junaid Makda criticized the government for not taking relevant stakeholders and Karachi Chamber on board prior to increasing gas tariffs, which poses a serious question mark on government’s claims about ‘Change’. “We don’t see any change as the previous governments also used to impose such decisions without any consultation. The increase in gas tariffs would ultimately result in fostering the inflation, which will terribly affect lives of the poor masses”, he added.

While referring to a recent meeting of KCCI’s delegation with Finance Minister Asad Umer in Islamabad, President KCCI stated that Finance Minister was thoroughly briefed and cautioned about the repercussions of any increase in gas tariff in the said meeting but it was really unfortunate that no heed has been paid to KCCI’s request and gas tariffs have been raised exorbitantly which would not only create a difficult situation for the SMEs Sector and other local industries due to increased cost of doing business but would also lead to closure of hundreds of CNG Stations across the country and intensify the hardship for the poor public and trigger unemployment across the country.

He pointed out that CNG Industry has been under consistent threat due to instable policies particularly the policy to carry out intense Gas Load-shedding and raise gas prices by 40 percent, which would result in completely halting and penalizing the Transport Sector. “CNG Stations in Sindh are already facing three days closure every week and the Tariff of Rs.700 per MMBTU, which was already the highest paid tariff as compared to all other sectors, has been enhanced further to Rs.980 per MMBTU, resulting in raising CNG Sale price in Sindh from Rs.82 per kg to around Rs.102 per kg against the existing petrol prices at Rs.93 per litre whereas according to Petroleum Policy, parity in between 30 to 35 percent has to be maintained between Petrol and CNG but it has been set aside and not considered ”, he added.

He was of the opinion that the said increase will reduce the economical essence of poor man’s fuel by making CNG costlier than Petrol. He said that CNG was introduced in Pakistan to provide an economical fuel to the Transport Sector especially to the lower middle class group as the difference between Petrol and CNG has always been substantially reasonable but unfortunately, the recent increase has jeopardized the strategic essence and the importance of CNG Industry by making it less attractive for common man that would lead to complete collapse and closure of this huge Industry, besides depriving the government from huge revenue being collected through taxes from this particular industry and subsequently, raising the import bill of petrol by $1.2 billion.

Commenting on recently constituted Council of Business Leaders, Junaid Makda stated that all members of this Council are known faces who use to remain part of various Councils constituted in the past during Musharraf’s, PPP’s and PML-N’s eras and now they have once again been provided the opportunity to play role in the current Council.

“Although PTI government talks aloud about Change but surprisingly, no new faces have been introduced at the Council that remains the same as it had been since last almost two decades in which the economy, instead of recovering, continued to plunge into further crisis”, he said, adding that need of the hour was to add the actual stakeholders from the business and industrial community in the Council as they are well aware with ground realities and in a much better position to give suggestions and highlight repercussions of numerous policies directly or indirectly affecting trade and industry.

He requested Finance Minister to withdraw OGRA’s notification and be keep it in abeyance till all the stakeholders are taken into confidence. “We are ready to support the government as and whenever needed”, he assured.

For more information, contact:
Director Press/Electronic Media and Public Relations
Karachi Chamber of Commerce and Industry (KCCI)
Aiwan-e-Tijarat Road, Off Shahrah-e-Liaquat,
Karachi-74000
Phone: +92-21-99218001-09
Fax: +92-21-99218040
Email: info@kcci.com.pk, secretary@kcci.com.pk
Website: www.kcci.com.pk

BMG, KCCI extend heartfelt congratulations to Prime Minister Imran Khan

Karachi, August 20, 2018 (PPI-OT): The leadership of Businessmen Group (BMG) and Office Bearers of the Karachi Chamber of Commerce and Industry (KCCI) have extended heartfelt congratulations to Imran Khan on taking oath as 22nd Prime Minister of the Islamic Republic of Pakistan.

In a statement issued, Chairman Businessmen Group and Former President KCCI Siraj Kassam Teli, Vice Chairmen BMG and Former Presidents KCCI Tahir Khaliq, Zubair Motiwala, Haroon Farooki and Anjum Nisar, President KCCI Muffasar Atta Malik, Senior Vice President Abdul Basit Abdul Razzak and Vice President Rehan Hanif hoped that Prime Minister Imran Khan would now prioritize some of the urgent economic issues being faced by the country and pay special attention to the problems being suffered by the business and industrial community of Karachi since long.

Recalling the last meeting with Imran Khan on July 22, 2018 at a reception hosted by KCCI just a couple of days before the election, BMG leadership and KCCI Office Bearers expected that Prime Minister Imran Khan would fulfill all his commitments made to the business community of KCCI, particularly his pledge towards improving the infrastructure of Karachi and resolving the issues being faced by the business and industrial community of this city which continues to contribute a mammoth share of more than 65 percent revenue to the national exchequer despite all odds.

They stressed that PM Imran Khan must gather a team of economic experts, reliable and honest members of Business Community, who have absolute know-how of the issues on top priority from different sectors of the economy. The proposed team comprising of genuine representatives of business and industrial community would surely be able to prudently guide the government in formulating numerous policies directly or indirectly affecting the trade and industry.

This step would certainly create a win-win situation and would be warmly welcomed by the entire business and industrial community of Pakistan as it is in the larger interest of the country, they added. BMG leadership and KCCI Office Bearers extended full support and cooperation to Prime Minister Imran Khan and his team in order to ensure long lasting progress and prosperity for the entire country.

For more information, contact:
Director Press/Electronic Media and Public Relations
Karachi Chamber of Commerce and Industry (KCCI)
Aiwan-e-Tijarat Road, Off Shahrah-e-Liaquat,
Karachi-74000
Phone: +92-21-99218001-09
Fax: +92-21-99218040
Email: info@kcci.com.pk, secretary@kcci.com.pk
Website: www.kcci.com.pk

KCCI concerned over sheer blackmailing by shipping lines, agents and Terminal Operators

Karachi, August 06, 2018 (PPI-OT): President Karachi Chamber of Commerce and Industry (KCCI) Muffasar Atta Malik, while expressing deep concern over sheer blackmailing by shipping lines, their agents in connivance with Terminal Operators, stated that the Karachi Chamber has been constantly receiving a lot of complaints against many Shipping Lines, their Agents and Terminal Operators involved in taking unjustified demurrage and detention charges from importers under various heads.

In a statement issued, Muffasar Malik pointed out that these shipping lines with the help of some black sheep are robbing businessmen to the tune of billions of rupees per year which is really worrisome. He urged the government to take strict notice of the highhandedness of shipping lines, their agents and terminal operators responsible for fearlessly looting the business community.

He said that importers are usually trapped by offering low rates by the agents of numerous shipping companies at the initial stage but when the shipment task is given to the shipping lines, they don’t release the goods and demand exorbitant Terminal Handling Charges (THC), Demurrage and Detention Charges along with many hidden and unexplained charges.

Referring to relevant laws, President KCCI pointed out that shipping companies cannot charge any demurrage and detention where specifically it is not agreed and also specifically not mentioned on the B/L (Bill of lading) but this law is grossly being violated by shipping lines and their agents.

He said that according to Customs Act, 1969, the port cannot charge any demurrage or detention charges if Customs gives a certificate to importer titled ‘Delay and Detention Certificate’. But despite this certificate, Terminal Operators illegally hold goods of importers and charges heavy amounts as demurrage. President KCCI pointed out that importers are suffering heavy losses each day because of delay in release of imported goods, besides losing their reputation and also their valuable customers on many occasions.

In order to put an end to the highhandedness of shipping lines, agents and terminal operators, he stressed the need to establish an independent regulatory body which could promptly respond to the grievances of the business community. He added that the body should be directed to monitor the overall activities and excessive charges of Shipping lines, agents and terminal operators.

He said that the Karachi Chamber will keep on raising a strong voice at all available platforms until the desperately needed regulatory body comes to existence. “KCCI will strive hard to highlight the grievances being faced by ship users and take up their issues with the Ministry of Maritime Affairs in order to get them resolved as per aspirations of the business community”, he added.

For more information, contact:
Director Press/Electronic Media and Public Relations
Karachi Chamber of Commerce and Industry (KCCI)
Aiwan-e-Tijarat Road, Off Shahrah-e-Liaquat,
Karachi-74000
Phone: +92-21-99218001-09
Fax: +92-21-99218040
Email: info@kcci.com.pk, secretary@kcci.com.pk
Website: www.kcci.com.pk

KCCI concerned over sheer blackmailing by shipping lines, agents and Terminal Operators

Karachi, August 06, 2018 (PPI-OT): President Karachi Chamber of Commerce and Industry (KCCI) Muffasar Atta Malik, while expressing deep concern over sheer blackmailing by shipping lines, their agents in connivance with Terminal Operators, stated that the Karachi Chamber has been constantly receiving a lot of complaints against many Shipping Lines, their Agents and Terminal Operators involved in taking unjustified demurrage and detention charges from importers under various heads.

In a statement issued, Muffasar Malik pointed out that these shipping lines with the help of some black sheep are robbing businessmen to the tune of billions of rupees per year which is really worrisome. He urged the government to take strict notice of the highhandedness of shipping lines, their agents and terminal operators responsible for fearlessly looting the business community.

He said that importers are usually trapped by offering low rates by the agents of numerous shipping companies at the initial stage but when the shipment task is given to the shipping lines, they don’t release the goods and demand exorbitant Terminal Handling Charges (THC), Demurrage and Detention Charges along with many hidden and unexplained charges.

Referring to relevant laws, President KCCI pointed out that shipping companies cannot charge any demurrage and detention where specifically it is not agreed and also specifically not mentioned on the B/L (Bill of lading) but this law is grossly being violated by shipping lines and their agents.

He said that according to Customs Act, 1969, the port cannot charge any demurrage or detention charges if Customs gives a certificate to importer titled ‘Delay and Detention Certificate’. But despite this certificate, Terminal Operators illegally hold goods of importers and charges heavy amounts as demurrage. President KCCI pointed out that importers are suffering heavy losses each day because of delay in release of imported goods, besides losing their reputation and also their valuable customers on many occasions.

In order to put an end to the highhandedness of shipping lines, agents and terminal operators, he stressed the need to establish an independent regulatory body which could promptly respond to the grievances of the business community. He added that the body should be directed to monitor the overall activities and excessive charges of Shipping lines, agents and terminal operators.

He said that the Karachi Chamber will keep on raising a strong voice at all available platforms until the desperately needed regulatory body comes to existence. “KCCI will strive hard to highlight the grievances being faced by ship users and take up their issues with the Ministry of Maritime Affairs in order to get them resolved as per aspirations of the business community”, he added.

For more information, contact:
Director Press/Electronic Media and Public Relations
Karachi Chamber of Commerce and Industry (KCCI)
Aiwan-e-Tijarat Road, Off Shahrah-e-Liaquat,
Karachi-74000
Phone: +92-21-99218001-09
Fax: +92-21-99218040
Email: info@kcci.com.pk, secretary@kcci.com.pk
Website: www.kcci.com.pk

KCCI’s Annual Election: Last date for withdrawal of nomination papers rescheduled to August 18

Karachi, August 04, 2018 (PPI-OT): ssUnder the directives issued by Directorate General Trade Organizations (DGTO), KCCI’s Annual Election Schedule was revised on July 28, 2018. Hence, the last date for withdrawal of nomination papers, which was earlier scheduled on August 4, 2018 has been rescheduled to August 18, 2018.

For more information, contact:
Director Press/Electronic Media and Public Relations
Karachi Chamber of Commerce and Industry (KCCI)
Aiwan-e-Tijarat Road, Off Shahrah-e-Liaquat,
Karachi-74000
Phone: +92-21-99218001-09
Fax: +92-21-99218040
Email: info@kcci.com.pk, secretary@kcci.com.pk
Website: www.kcci.com.pk

BMG leadership, KCCI Office Bearers cheer PTI’s victory in General Election

Karachi, July 26, 2018 (PPI-OT): The leadership of Businessmen Group (BMG) and Office Bearers of the Karachi Chamber of Commerce and Industry (KCCI) have extended hearty congratulations to Chairman Pakistan Tehreek-e-Insaf Imran Khan on his party’s overwhelming victory in the General Election 2018.

In a statement issued, Chairman BMG and Former President KCCI Siraj Kassam Teli, Vice Chairmen BMG and Former Presidents Tahir Khaliq, Zubair Motiwala, Haroon Farooki and Anjum Nisar, President KCCI Muffasar Atta Malik, Senior Vice President Abdul Basit Abdul Razzak and Vice President Rehan Hanif hoped that upon assuming charge of the country’s state of affairs, Imran Khan would prioritize some of the urgent economic issues being faced by the country and pay special attention to the problems being suffered by the business and industrial community of Karachi since long.

Chairman BMG and Former President KCCI Siraj Kassam Teli, while complimenting Chairman PTI on his party’s victory in majority of the seats of National Assembly Election, said that the business and industrial community of Karachi Chamber was fairly optimistic about PTI’s victory and the same was conveyed to Imran Khan during his recent meeting with KCCI leadership and Office Bearers on July 22, 2018 when a reception was hosted in a local hotel by KCCI in honour of Chairman PTI just a couple of days before the election.

He hoped that Chairman PTI would fulfill all his commitments made to the business community of KCCI, particularly his pledge towards improving the infrastructure of Karachi and resolving the issues being faced by the business and industrial community of this city which continues to contribute a mammoth share of more than 65 percent revenue to the national exchequer despite all odds.

“It is not going to be an easy task, but Imran Khan will have to express the intent, stay focused and have to honour all his commitments at any cost which would help in restoring the confidence of the entire business community of Karachi”, he said, adding that if Imran Khan actually proves and exhibits that he is the ‘man of his words’, the Karachi Chamber would continue to extend full support and cooperation to him throughout his tenure.

As advised by Chairman BMG during Imran Khan’s recent interaction with KCCI, Siraj Teli reiterated that after assuming charge, Imran Khan must gather a team of economic experts and reliable and honest members of Business Community, who have absolute know-how of the issues, on top priority from different sectors of the economy including Textile, Construction and Real Estate, Financial, Services, Agriculture, Automobile, Electronics, FMCG sectors etc.

“The proposed team comprising of genuine representatives of business and industrial community would surely be able to prudently guide the government in formulating numerous policies directly or indirectly affecting the trade and industry. This step would certainly create a win-win situation and would be warmly welcomed by the entire business and industrial community of Pakistan as it is in the larger interest of the country”, he added.

Commenting on the victory of numerous political parties from National and Provincial Assemblies seats in Karachi, Siraj Teli hoped that all these political parties would set aside their differences and make collective efforts to improve the standard of living of Karachiites and develop the business climate of Karachi which has suffered terribly since so many years.

For more information, contact:
Director Press/Electronic Media and Public Relations
Karachi Chamber of Commerce and Industry (KCCI)
Aiwan-e-Tijarat Road, Off Shahrah-e-Liaquat,
Karachi-74000
Phone: +92-21-99218001-09
Fax: +92-21-99218040
Email: info@kcci.com.pk, secretary@kcci.com.pk
Website: www.kcci.com.pk