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The Karachi Chamber of Commerce and Industry (KCCI) has called on the State Bank of Pakistan (SBP) to reduce the monetary policy rate by 400 basis points. KCCI President Muhammad Jawed Bilwani highlighted that this reduction would align interest rates with sustainable levels and make borrowing affordable for businesses and consumers. Inflation Drops to Lowest …
Continue reading “KCCI Urges SBP to Cut Policy Rate by 400 Basis Points”
The Karachi Chamber of Commerce and Industry (KCCI) elections for the 2024-26 term concluded with a sweeping victory for the Businessmen Group (BMG). The polling for the Managing Committee (MC) took place on Saturday, where BMG secured all 30 available seats. A total of 92,954 votes were cast in favor of BMG, while the rival …
Continue reading “KCCI Elections: BMG Sweeps All 30 Seats, Jawed Bilwani Elected President”
Karachi: The industry will face the ever severe situation in the wake of discontinuation of gas supply to captive power generation for general industry from 1st February and the export-oriented sectors from 1st March 2021 leaving a severe impact on the economy and exports of Pakistan. This was stated by Mian Nasser Hyatt Maggo, President …
Continue reading “Trade Bodies Reject Decision of Government of disconnecting Gas to Industry”
