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Foreign Currencies

Swedish Companies in Pakistan Face Challenges Amid High Taxes and Energy Costs

KARACHI, November 21 2024: Swedish Ambassador to Pakistan, Ms. Alexandra Berg von Linde, highlighted the difficulties faced by Swedish businesses operating in Pakistan, pointing to high tax rates, soaring energy prices, and challenges in transferring foreign currencies. Despite these obstacles, over 40 Swedish companies, including iconic brands, have been established in Pakistan and have played…

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KCCI

KCCI Chief Strongly Opposes Affidavit Requirement for Sales Tax Returns

KARACHI, November 09 2024: President Karachi Chamber of Commerce and Industry (KCCI) Muhammad Jawed Bilwani, while vehemently condemning the reinstatement of the requirement to file an affidavit with sales tax returns, demanded that the authorities must suspend the affidavit requirement immediately until comprehensive consultations are conducted and effective alternative measures are established. President KCCI stated…

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Nadra

KCCI urges Govt to replace NADRA’s biometric verification with face recognition facility

KARACHI, October 21 2024: Keeping in view the grievances being suffered by millions of senior citizens above 60 years of age, the President of Karachi Chamber of Commerce & Industry (KCCI) Muhammad Jawed Bilwani urged the government to immediately replace NADRA’s existing biometric verification facility with “Face Recognition Facility” which would provide a huge relief…

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