Karachi, October 9, 2025 – International Steels Limited (ISL) on Thursday released an official statement in response to the monetary penalty imposed by the Competition Commission of Pakistan (CCP).
(more…)Category: Trade & Industry
This section covers news on trade and industry. Pakistan Revenue is committed to providing the latest updates on business trends.
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CCP fines steel mills Rs1.5bn for cartelization
Islamabad, October 8, 2025 — The Competition Commission of Pakistan (CCP) has imposed monetary penalties totaling Rs1.5 billion on Aisha Steel Mills Limited (ASML) and International Steels Limited (ISL) after finding both companies guilty of cartelization and price-fixing in violation of Section 4 of the Competition Act, 2010.
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PBC points out tax credit miscalculation in 2025 returns
Karachi, October 8, 2025 – The Pakistan Business Council (PBC) has raised concerns over an error in the calculation of tax credit on the Federal Board of Revenue’s (FBR) IRIS portal used for filing 2025 income tax returns.
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Saudi business delegation arrives in Pakistan to boost trade ties
Islamabad, October 7, 2025 – A high-profile business delegation from Saudi Arabia, headed by Prince Mansour bin Mohammad Al Saud, Chairman of the Saudi-Pakistan Joint Business Council, arrived in Islamabad to strengthen bilateral trade and investment relations between the two nations.
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AI Surge and Imports Boost Global Trade in 2025
Global merchandise trade performed stronger than expected in the first half of 2025, mainly due to booming demand for artificial intelligence (AI) products, early import activity ahead of tariff hikes, and steady trade among emerging economies.
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Pakistan’s trade deficit jumps 35% in Q1 FY26
Islamabad, October 2, 2025 – Pakistan’s merchandise trade deficit expanded significantly during the first quarter of the current fiscal year (July–September 2025), as import payments outpaced export earnings, according to the latest figures released by the Pakistan Bureau of Statistics (PBS).
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Gul Ahmed Textile Shuts Export Apparel Division
Karachi, September 30, 2025 – Gul Ahmed Textile Mills Limited has announced the closure of its export apparel segment, citing unsustainable cost pressures that have eroded profitability in recent years.
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NKATI urges extension of return filing deadline to Dec 31
Karachi, September 29, 2025 – The North Karachi Association of Trade and Industry (NKATI) has strongly appealed to Prime Minister Shehbaz Sharif to extend the statutory return filing deadline until December 31, 2025.
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Business leaders slam FBR over 2025 return form chaos
KARACHI, September 25 – The business and industrial community has united in harsh criticism of the Federal Board of Revenue (FBR) for making sudden amendments to the 2025 income tax return and wealth statement forms just days before the September 30 deadline.
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No conflict seen in Karachi Customs Agents elections
Karachi – The upcoming elections of the Customs Agents Association are moving ahead in a peaceful and organized manner, with no visible signs of conflict or tension.
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