Karachi, June 13, 2025 – In a stunning revelation that’s sending shockwaves through the business community, the Federal Board of Revenue (FBR) has placed a prominent and active member of the Karachi Chamber of Commerce and Industry (KCCI) under intense scrutiny over alleged offshore assets.
(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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FPCCI warns against granting taxmen discretionary powers
Karachi, June 12, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has voiced serious concerns over the extensive powers granted to tax officials under the Finance Bill 2025.
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FPCCI welcomes budget 2025-26, calls for further reforms
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has offered a cautiously optimistic response to the federal budget 2025-26, praising several key measures while urging the government to address overlooked areas in the coming months.
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KCCI slams FY26 budget as camouflage of illusions
In a fiery response to the unveiling of the Federal Budget 2025-26, the Karachi Chamber of Commerce and Industry (KCCI) has slammed the government’s fiscal roadmap as nothing more than a “camouflage”—a deceptive mirage shrouding the painful realities and unrealistic ambitions for the coming year.
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LSM registers third consecutive annual decline in 2024-25
Islamabad, June 9, 2025 – Large Scale Manufacturing (LSM) has posted its third straight year of negative growth, marking a continuing trend of contraction within Pakistan’s industrial landscape, according to the Economic Survey of Pakistan 2024-25 released on Monday.
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FPCCI calls for abolition of Section 7E to prevent capital flight
Karachi, June 9, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has made a strong appeal to the government to abolish Section 7E of the Income Tax Ordinance, 2001 in the upcoming federal budget for 2025–26.
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FPCCI urges elimination of further tax in FY26 budget
Karachi, June 9, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has made a strong appeal to the government to abolish the “further tax” imposed under the Sales Tax Act in the upcoming federal budget for 2025–26.
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Illicit trade with India draining Pakistan economy: OICCI
Karachi, June 8, 2025 — The Overseas Investors Chamber of Commerce and Industry (OICCI) has raised serious concerns over the mounting economic damage inflicted on Pakistan due to illicit and undocumented trade with India.
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Foreign giants pressure Pakistan to slash tobacco taxes in budget
Karachi, June 8, 2025 — As the countdown to Budget 2025-26 intensifies, foreign tobacco players have launched a high-stakes pressure campaign on Pakistan, demanding the government roll back tax rates on deadly tobacco products — a move that could spell disaster for public health and national finances alike.
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Engro Fertilizers announces unscheduled shutdown of EnVen plant
Karachi, June 5, 2025 – Engro Fertilizers Limited, one of Pakistan’s leading fertilizer manufacturers, has announced an unscheduled shutdown of its EnVen plant due to maintenance requirements.
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