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Tag Archives: KCCI

KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI), Iftikhar Ahmed Vohra, has asked the European Union countries to assist Pakistan in improving its infrastructure so that a business environment could be provided to Pakistani exporters who are keen to raise their exports to EU, particularly after the grant of GSP Plus status. He said that in the ... Read More »

Rangers Special Cell to provide security to investors: Maj Gen Bilal

KARACHI: Director General of Pakistan Rangers Sindh, Maj. Gen. Bilal Akbar has said that Rangers Special Task Cell will be providing security to foreign investors visiting Karachi with a view to create a sense of security and a business friendly environment in this important city of the country. Speaking at a meeting during his visit to Karachi Chamber of Commerce ... Read More »

Karachi Commissioner vows to solve problems of exporters

KARACHI: “Trade Development Association of Pakistan (TDAP) will be asked to solve difficulties faced by Karachi-based business community engaged in export trade,” said Commissioner Karachi, Shoaib Ahmad Siddiqui while talking to the local exporters. While talking to a delegation of businessmen, Siddiqui said proper understanding about issues and coordinated efforts could help raise industrial output.  They can help increase exports ... Read More »

KCCI seeks tax collection details from FBR

KARACHI: The Karachi business community has urged Federal Board of Revenue to give them details of Income Tax, Sales Tax and Foreign Direct Investment (FDI) collected from taxpayers of the metropolis during the fiscal year of 2013-14. Expressing concern over selection of taxpayers for audit through computer balloting, Karachi Chamber of Commerce and Industry (KCCI) President Iftikhar Ahmed Vohra has ... Read More »

Customs Valuation of milk powder determined

KARACHI: The Directorate General of Customs Valuation has determined the customs values of milk powder vide Valuation Ruling No 696/2014  and No Misc/28/2007-I dated October 1, 2014. The Directorate initiated the exercise to re-determine the customs values of powder milk after it received a reference No 3(15) S.Val Audit/2013 (4) dated April 10, 2014 from the Federal Board of Revenue ... Read More »

KCCI asks FBR to simplify income tax returns filing procedure

KARACHI: Local industrialists and businessmen have urged Federal Board of Revenue (FBR) to further make easier new rules of filing income tax returns to enhance tax base of the country. Karachi Chamber of Commerce and Industry (KCCI) President Abdullah Zaki, in a statement, demanded that the status quo should be restored to tax year 2013 in order to ensure smooth ... Read More »

KCCI urges FBR to simplify filing of income tax returns

KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI), Abdullah Zaki, while appreciating extension in last date for filing of income tax returns up to Oct 31, urged the Federal Board of Revenue to simplify new rules in filing income tax returns. In a statement, President KCCI said that the FBR authorities should seriously consider simplifying these rules ... Read More »

KCCI Managing Committee unanimously elects office-bearers for 2014-15

KARACHI: The Managing Committee of Karachi Chamber of Commerce & Industry (KCCI), in its meeting held on 27th September, 2014, unanimously elected office bearers for year 2014-2015. Iftikhar Ahmed Vohra, who has become 22nd President of Karachi Chamber from the Businessmen Group, was elected unopposed to lead KCCI affairs while Muhammad Ibrahim Kasumbi was elected as Senior Vice President KCCI ... Read More »

Valuation ruling of tamarind with seeds issued

KARACHI: The Directorate General of Customs Valuation has determined the customs value of tamarind with seeds from all origins through Valuation Ruling No. 687/2014 No. MISC/11/2014-1/7597 dated September 22, 2014. The directorate did this after it received a reference – (SI/Misc/263/2014/GR-I (AW) – from MCC of Appraisement-West for determination of tamarind with seeds under Section 25-A of the Customs Act ... Read More »

Malaysian Consul General urges KCCI to enhance trade ties  

KARACHI: Consul General of Malaysia in Karachi Abu Bakar Mamat has invited the members of the Karachi Chamber of Commerce and Industry (KCCI) to participate in INTRADE Malaysia 2014 exhibition which is scheduled to be organised in Kuala Lumpur from October 20-22, 2014. Speaking at a meeting during his visit to Karachi Chamber, Malaysian Consul General informed that International Trade ... Read More »

Indian HC for more trade routes on Pak-India border

KARACHI: Indian High Commissioner Dr TCA Raghavan has said that in order to facilitate the business communities of both the neighbouring countries, Delhi and Islamabad should talk about opening up more trade routes including Khokhrapar-Monabao border. He said this during a visit to Karachi Chamber of Commerce and Industry (KCCI). KCCI President Abdullah Zaki, Businessmen Group Chairman & former KCCI ... Read More »

Valuation ruling of malleable iron pipe fittings issued

KARACHI: The Directorate General of Customs Valuation has determined the value of malleable iron pipe fittings through Valuation Ruling No 682/2014 under Section 25A of the Customs Act, 1969. According to details, the Customs values of malleable iron pipe fittings with grooves (below 4 inches size) from China Origin having HS Code 7307.1990 and proposed PCT for WeBOC is 7307.1990.1000 ... Read More »

Review petition on value of shoe-polish by M/s Osaka Electrical allowed

KARACHI: The Directorate General of Customs Valuation through Order in Revision No.64/2014 has allowed the review petition filed by M/s Osaka Electrical Corporation on revision of Customs values of shoe-polish in tin, against Valuation Ruling No 663/2014. According to details, the authorities concerned of Pakistan Customs-FBR after hearing the petitioner (M/s Osaka Electrical Co) and going through the complete record ... Read More »

Imran Khan, Qardi sit-ins keep foreign business delegations away

ISLAMABAD: Various high-level foreign delegations, investors and businessmen have cancelled their visits to Pakistan as political unrest gripped the capital city due to Azadi and Inqilab marches of Imran Khan and Tahirul Qadri. Both the leaders have announced to march into the Red Zone where security has been handed over to Pakistan Army. The International Monetary Fund (IMF) cancelled its ... Read More »

Govt asks civil servants to declare assets

ISLAMABAD: The Establishment Division has issued a circular to employees of all ministries and institutions asking them to declare their assets details. It is obligatory for all civil servants to declare their assets after the start of new fiscal year; however except from FBR, other employees of different ministries and institutions have not yet declared their assets despite passing more ... Read More »

Importers demand adequate seating arrangement in Appraisement-West

KARACHI: The importers and Customs agents have demanded proper seating arrangements in Model Customs Collectorate (MCC) Appraisement-West for the hearing of their cases. As per details, importers and customs agents have complained that they have to wait in long queues from morning to evening for the hearing of their cases as there was no proper seating arrangement in hearing halls. ... Read More »

Tug-of-war: FPCCI Office turns a battlefield among VPs

ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Office has become battleground as clashes abrupt between companions of vice presidents and other officials on occupying the office room for vice president. A source told Customs Today that the main cause of the clashes was political nature as central leaders of FPCCI used the forum as political tool ... Read More »

Customs examines 725 containers in 3 days at KICT

KARACHI: The Pakistan Customs has examined record 725 containers in just three days from Sunday to Tuesday at Karachi International Containers Terminal (KICT). The KICT Assistant Collector Examination Usman Tariq, while talking to Customs Today lauded the efforts of customs officials on clearing 702 containers in three days at international terminal. He said that the Pakistan Customs has examined 259 ... Read More »

Halal Food Authority to boost exports to Middle East: Dastgir

ISLAMABAD: The Federal Minister for Commerce Engineer Khurram Dastgir Khan said that the draft for Pakistan Halal Food Authority has prepared by the Ministry of Science and Technology in consultation with Ministry of Commerce and other relevant institutions and will be presented to the Parliament soon. He said that approval of draft will resolve the issue of certification of Pakistani ... Read More »

Appraisement-East registers FIR against Cosmos Enterprises

KARACHI: The Research and Development (R&D) Section of Model Customs Collectorate (MCC) of Appraisement-East has registered an FIR against Cosmos Enterprises in its alleged involvement in tax evasion by clearing two consignments of miscellaneous goods from warehouse without paying the legitimate duty/taxes. The FBR sources informed Customs Today that the R&D Section of MCC Appraisement-East has nominated Abdullah, a clearing ... Read More »