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Articles for tag: business, consumers, great, Karachis, Latest, Power, refused, Relief

February 16, 2025

News Desk

Karachi’s power consumers refused great relief

Listen to the article Karachi: The President of the Karachi Chamber of Commerce and Industry (KCCI), Muhammad Jawed Bilwani, while strongly condemning the recent decision of the National Electricity Regulatory Authority (NEPRA), which deprives Karachi consumers for significant relief to an invoice adjustment of tariffs, That both nepra and K -electric (KE) failed to provide promising benefits to consumers. He said Nepra’s recent announcement on the adjustment of fuel prices for November revealed a simple reduction of Rs1.23 per unit. “Although this reduction should be regarded as one step in the right direction. . He added: “What concerns even more

February 7, 2025

News Desk

Fence at Karachi’s National Stadium

Listen to the article The National Bank Stadium in Karachi is ready to host the ICC Champions Trophy 2025 matches after completing work in a new five -storey building. Digital screens and LED lights have also been installed in space. The stadium is set as the issue for the Mega Event, with a colorful inauguration ceremony scheduled for February 11th. The director of the project Bilal Chauhan addressed the media on Thursday, confirming that renovation and construction work was completed, including upgrading. In the first phase of the new building, rooms for anti -corruption and corruption groups have been set

November 22, 2024

News Desk

ICC Champions Trophy 2025 tours Karachi’s iconic spots before heading to Lahore

The ICC Champions Trophy on the trophy tour. — AFP/File KARACHI: The ICC Champions Trophy concluded its three-day tour of Karachi on Friday, marking its visit to various iconic locations, educational institutions and a public exhibition at Port Grand. The trophy is now headed to Lahore, although no activities are currently planned for its stop there. The trophy’s tour of Karachi began on Wednesday at the historic Burns Road and concluded with a final public display at Port Grand. On Friday, the trophy was taken to colleges, Quaid-e-Azam’s mausoleum, Karachi Metropolitan Corporation (KMC) headquarters, Mohatta Palace and National Stadium. Award-winning

August 30, 2024

News Desk

Monsoon rains delay renovation work at Karachi’s National Bank Stadium

Preparations for the ICC Champions Trophy at the National Bank Stadium in Karachi have been halted due to the ongoing monsoon rains. Partial renovation and landscaping work at the stadium, which is a key part of the preparations for the upcoming tournament, has been significantly affected. Heavy rains in Karachi this week have hampered progress on the stadium’s redevelopment. Debris clearance from the demolished manual scoreboard tower, as well as Naseem-ul-Ghani and Iqbal Qasim precincts, has been partially halted for the past two days due to accumulation of rainwater. According to Express Newsthe decision to stop removing the debris was

July 23, 2024

News Desk

Karachi’s 58 restaurants were authorized to collect almost double service tax

Representative image of a diner making a POS payment in a restaurant. — Unscrew The SRB says a limited number of restaurants are allowed to collect a higher tax. He says only 1,700 restaurants are registered with the Sindh tax authority. Developmental part of the SRB’s new operating tariff for the tax year 2024-25. KARACHI: The Sindh Revenue Board (SRB) has allowed 58 restaurants and hotels in Karachi to collect 15% service tax instead of the earlier 8% on digital payments, denying taxpayers a facility introduced earlier to promote documentation of the economy. Initially, in the Sindh Budget for the

March 5, 2024

News Desk

Police presence has been beefed up for the security of Karachi’s industries

KARACHI: Additional Inspector General of Police (AIGP) Karachi Range Khadim Hussain Rind announced the deployment of additional 20 police officers in the SITE Crime Monitoring Cell (SCMC), located at the premises of the SITE Association of Industry (SAI). This initiative aims to curb the increasing incidence of street crimes and maintain law and order in the area. Reed made the announcement during his visit to SAI, where he worked with industrialists to discuss concerns about street crime, muggings and armed robberies. Industrialists welcomed the addition of 20 police officers to augment the existing workforce at the base. Additionally, the AIGP

January 11, 2024

News Desk

Karachi’s industrialists are pinning hopes on a revival in 2024

KARACHI: Leading industrialists in Sindh have described 2023 as bland and troublesome, plagued by energy crises, economic collapse, strikes and lack of government support. Despite these challenges, they maintain an optimistic approach to 2024 and hope for the best. “2023 has been turbulent, with industrialists facing numerous challenges, including an increase in natural gas and electricity tariffs, almost doubling, causing a severe economic slowdown, affecting cash flows and making the industry uncompetitive compared to regional countries. It was an uphill battle,” observed Muhammad Kamran Arbi, President of the Site Association of Industry (SAI). He pointed out that after multiple assurances

December 28, 2023

News Desk

Extortion plagues Karachi’s industries

KARACHI: Businessmen have expressed serious concerns and are worried about the increasing slippages of extortion and targeted killing of traders, demanding the government and law enforcement agencies to take action against the criminals who are spreading terror in North Karachi, Haradhar, Mithandar, Korangi and other areas. Speaking to The Express Tribune, they pointed out that those running Small and Medium Enterprises (SMEs) have recently received a significant number of blackmails. “Industrialist Usama Moon, who belongs to the North Karachi Association of Commerce and Industry (NKATI), was killed in a targeted attack a few days ago. In addition, three other industrialists

December 19, 2023

News Desk

Karachi’s industrial sector accuses SSGC of supplying natural gas at high prices

“We cannot sell LNG bought at a high price from the international market at lower prices,” says SSGC CEO Smoke rises from a factory during sunset. — Reuters/File The industry sector says the SSGC had no mandate to set the rates. SSGC CEO refuses to sell gas bought at high prices at low prices. It asks industry whether SSGC could cut off supply if it didn’t need it. KARACHI: Industrialists in Karachi have accused Sui Southern Gas Company (SSGC) of burdening the industrial sector with expensive LNG without a mandate to fix the rates, The news reported on Tuesday. The

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