Skip to content
Breaking News

Breaking News

  • Home
  • World
  • Business
  • Health
  • Entertainment
  • Life Style
  • Sports
  • Toggle search form
‘Extortion plaguing Karachi industries’ | The Express Tribune

‘Extortion plaguing Karachi industries’ | The Express Tribune

Posted on December 27, 2023 By Admin No Comments on ‘Extortion plaguing Karachi industries’ | The Express Tribune



KARACHI:

Businesspeople have expressed grave concerns and fretted about rising extortion slips and the targeted killing of traders, demanding that the government and law enforcement agencies take action against criminals spreading terror in north Karachi, Kharadar, Mithadar, Korangi, and other areas.

Speaking to The Express Tribune, they highlighted that those running Small and Medium-sized Enterprises (SMEs) recently received a significant number of extortion slips.

“Industrialist Usama Moon, belonging to the North Karachi Association of Trade and Industry (NKATI), was killed in a targeted attack a few days ago. Additionally, three other industrialists received extortion chits (slips). We are genuinely worried about the sudden rising wave of such heinous crimes in the past three months. Following a poor law and order situation, many individuals who were encouraged to invest are now hesitant to start or run businesses. I appeal to those governing to take stern actions against extortionists, targeted killers, and street criminals promptly. We fear a recurrence of the gory incidents witnessed in 2012 and 2013. Furthermore, we have a meeting scheduled today with DG Rangers, who assured us of more force deployment in the area to control and maintain law and order in my industrial zone,” said NKATI President Faisal Moiz Khan.

He mentioned that the police are investigating the targeted killing of the industrialist while arresting scores of suspected extortionists.

Strongly condemning the new wave of street crimes and targeted killings, Site Association of Industry (SAI) President Muhammad Kamran Arbi urged all law enforcement agencies to play their role in curbing the situation. He emphasised the need for a smooth business environment as industrialists and the business community already grapple with rising business costs.

Read Peshawar tackles extortion threats

Businessmen Group (BMG) Chairman Zubair Motiwala stated in a release that the overall situation has become extremely worrisome, significantly affecting the investment climate. The business community is in doubt about whether to continue operations here or leave the country. Referring to the consecutive target killings of traders in Timber Market, North Karachi, and the recent incident at Gurumandir, he called for an improvement in the situation, given the existing challenges of inflation.

Karachi Chamber of Commerce and Industry (KCCI) President Iftikhar Ahmed Sheikh reported that shopkeepers and traders in the busiest commercial markets, including Kharadar and Meethadar, have started receiving extortion threats. Additionally, there is a frequent occurrence of armed snatching incidents.

“We are completely serious and sincere about strictly dealing with the situation, particularly the rise in extortionists’ activities and incidents of kidnapping for ransom,” said Additional Inspector General of Police Khadim Hussain Rind, speaking at a meeting during his visit to KCCI. Agreeing with concerns about the increase in crimes, he pledged to strictly address all such elements, ensuring a secure environment for the business community and locals. He also nominated SSP District City South Zone Amjad Hayat as the focal person for dealing with all law-and-order issues raised by KCCI.

Published in The Express Tribune, December 28th, 2023.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

 





Source link

Business Tags:extortion, industrialist, Latest

Post navigation

Previous Post: Liverpool ratings: Van Dijk, Nunez impress and Diogo Jota returns to action in win at Burnley
Next Post: Common Sense Media’s 21 best family films of 2023

More Related Articles

CNG Price Hike Alert: Check The Updated Rates In Your City Now CNG Price Hike Alert: Check The Updated Rates In Your City Now Business
Applying for Europe travel visa? No immediate benefit of new Schengen visa rules likely for Indians; long appointment wait times continue – Times of India Applying for Europe travel visa? No immediate benefit of new Schengen visa rules likely for Indians; long appointment wait times continue – Times of India Business
Braithwaite secures Rs 180 crore order from railways to supply 500 wagons – Times of India Braithwaite secures Rs 180 crore order from railways to supply 500 wagons – Times of India Business
India’s first monthly job survey shows 5.1% unemployment rate in April 2025 – Times of India India’s first monthly job survey shows 5.1% unemployment rate in April 2025 – Times of India Business
Gold prices in Pakistan Today – April 14, 2026 | The Express Tribune Gold prices in Pakistan Today – April 14, 2026 | The Express Tribune Business
Private equity firm plots takeover for Telegraph following Lord Rothermere withdrawal Private equity firm plots takeover for Telegraph following Lord Rothermere withdrawal Business

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Cruise ship linked to deadly hantavirus outbreak arrives off Tenerife as passenger evacuation begins
  • Aramco CEO warns 1 billion barrels lost will slow oil market recovery | The Express Tribune
  • Pentagon releases previously secret files on UFOs
  • Israeli police say Iran using WhatsApp, Facebook, blackmail to recruit spies as latest attempt foiled
  • Spencer Pratt compares his fledgling political career to Obama’s national rise: “He had no experience running the whole entire country”

Categories

  • Business
  • Entertainment
  • Health
  • Life Style
  • Sports
  • World

Copyright © 2026 Breaking News.

Powered by PressBook Blog WordPress theme