INFONALYSIS

KCCI Research offers a holistic view of the economy, and its different facets like taxation, budget, manufacturing sectors, social issues etc. It serves to apprise its readers with insightful analyses, in-depth information and statistics of several areas like trade, manufacturing (leather, textile, food and plastics etc.), services (franchising, SMEs), energy, financial sector (IMF, debt profiling), transport and infrastructure development (CPEC), bilateral relations (with China, Turkey etc.) and commodities.

FY20 – KCCI Outperforms in Challenging Times

FY20 - KCCI Outperforms in Challenging Times

Published in: September 2020

KCCI fought on all fronts for ensuring ease of doing business. It launched relentless efforts in the areas of policy environment, taxation and much more. Even during COVID-19, KCCI persuaded the government to reprioritize its resources to protect the business and industrial community in order to save the economy. Even though KCCI had been advocating for solving Karachi’s woes, especially in the areas of infrastructure development and provision of uninterrupted supplies of utilities, the chamber shifted gears after torrential rains in the city uncovered the scale of the problems for Karachiites.

Impact of Corona Virus on Karachi Based Businesses

Impact of Corona Virus on Karachi Based Businesses

Published in: September 2020

KCCI in its persistent efforts to serve the business community of Karachi launched its second Survey titled: ‘Impact of Coronavirus on Karachi Based Businesses’ on 29th May’20 and concluded collection of response on 15th Aug’20. A total of 620 manufacturers, service providers and traders from diverse sectors filled the survey. The survey aimed to assess the impact of the Coronavirus on multiple dimensions of conducting business in Karachi. A large majority stated that the lockdown should have been limited only to hotspot areas. Respondents also identified a number of issues plaguing their business during the lockdown which includes: payment of fixed costs including salaries and rents, issues related to transportation, customer turnout and workforce management. Some went beyond the list provided in the survey to point out their own challenges, which included difficulties in recovering receipts, cancellation of export orders, and demurrage charges.

Sindh Budget FY21 – No compromise on helping itself

Sindh Budget FY21 - No compromise on helping itself

Published in: June 2020

At a time when governments around the world have been forced to take unprecedented steps to tackle the coronavirus, the Sindh government will continue spending most of its funds to meet non-development expenditures in FY21 such as paying salaries and pension. A mere PKR 232.94Bn is expected to be spent on development expenditure. The Sindh government has followed the federal by refraining from introducing any new taxes, however, unlike the federal government, it extended no tax relief. The only benefit extended to businesses is a PKR 5Bn allocation for Soft Loan Program. Development projects in Karachi remain ignored as barely any new projects have been included.

KCCI Post Budget Report – Federal Budget FY21 – An Illusion of Relief

KCCI Post Budget Report-Federal Budget FY21 - An Illusion of Relief_

Published in: June 2020

The entire Globe is experiencing some of the toughest economic and social times in recent history. Sadly, the global slowdown came at a time when Pakistan had just started to recover from its own economic crisis and was on its way towards recovery. In addition to its pre-existing hardships including record debt, managing the IMF bailout package and enforcing measures demanded by the Financial Action Task Force (FATF), the country has been hit hard by the COVID-19 pandemic and its resulting global economic slowdown. The government’s efforts to control the situation were off to a rocky start and the people of Pakistan relied on its leadership to tackle the prevailing crisis by providing relief through the FY21 Budget. The high pre-budget expectations were let down by the government which presented a budget that gave relief to only a handful of the sectors and largely left out the rest. Although the budget did not introduce any new taxes as promised, a number of existing tax rates were increased and the stakeholders of Pakistan’s economy remained largely unimpressed. The FY21 budget failed to address the country’s woes affectively. Only time will tell how the government is able to restore the confidence of the business and industrial community, which is the economic engine of Pakistan but is overlooked by the budget.

KCCI Pre Budget Report – Budget amid Pandemic

KCCI Pre Budget Report – Budget amid Pandemic

Published in: June 2020

The Federal Government is going to present the budget 2020-21 in the parliament on Friday, 12th June, 2020. The pre-budget report FY21 – Budget amid Pandemic is part of KCCI’s yearly coverage of the federal budget. Launched a day before the government presents the budget, the report covers the changes, which major economic stakeholders can expect in the upcoming financial year. This year, the government will present its federal budget while the country is facing truly unprecedented times as the country is battling economic challenges amid a global pandemic that left the world in one of the worst economic downturns in recent history. Although, the government is expected to provide relief to its people, it also is obligated to ensure that conditions and commitments made to groups such as the IMF are fulfilled. This document contains a compilation of major expectations that the government is likely to enforce in FY21 through the budget and its Finance Bill 2020.

KCCI: Karachi Business Sentiment Survey Report

KCCI: Karachi Business Sentiment Survey Report

Published in: April 2020

KCCI in its relentless efforts to serve the business community of the metropolis launched its first ‘Karachi Business Sentiment Survey’ on 1st Jan’20 and concluded collection of response on 15th Mar’20. A total of 1,103 manufacturers, service providers and traders from diverse sectors filled the survey. Majority of the responders experienced at least some friction in business activities with general pessimism prevailing in nearly all sectors. These businesses are also skeptical on growth prospects in 2020 which is worrying since the Coronavirus Pandemic is likely to have further dampened the situation. Rupee depreciation, unprecedented rise in utility costs and Pakistan’s outdated tax system clogged with anomalies and complexities were said to be the biggest challenges for businesses. Nearly half of the responders claimed to have laid off workers in 2019.
The initiative was launched on the directives of Mr. Siraj Kassam Teli Chairman BMG & Former President KCCI and Mr. A.Q Khalil General Secretary BMG & Former President KCCI, besides being supported and facilitated by Mr. Agha Shahab Khan President KCCI, Mr. Arshad Islam SVP KCCI and Mr. Shahid Ismail VP KCCI. Karachi Business Sentiment Survey proved to be a useful tool and KCCI is all set to continue pushing its boundaries of unparalleled efforts by serving the business community.