Karachi, June 25, 2025 — The Korangi Association of Trade and Industry (KATI) has categorically rejected the Sindh government’s proposal to fix the minimum wage at Rs42,000, calling it economically unfeasible and damaging to the province’s industrial ecosystem.
(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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Pakistan to import 500,000 tons of sugar after reckless export
Islamabad, June 23, 2025 – In a dramatic policy reversal that has sent shockwaves through economic and political circles, Pakistan has been forced to approve the import of 500,000 metric tons of sugar after allowing a massive outflow of the commodity earlier this fiscal year.
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LTO Karachi assigned jurisdiction over OICCI for tax oversight
Karachi, June 23, 2025 – In a significant administrative development, the Federal Board of Revenue (FBR) has issued an official notification transferring the tax jurisdiction of the Overseas Investors Chamber of Commerce and Industry (OICCI) from the Corporate Tax Office (CTO) Karachi to Zone-I of the Large Taxpayers Office (LTO) Karachi.
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PBC raises alarm over draconian powers proposed for FBR
Karachi, June 23, 2025 – The Pakistan Business Council (PBC) has strongly criticized the sweeping and excessive powers proposed to be granted to the Federal Board of Revenue (FBR) in the Finance Bill 2025, terming them “draconian” and detrimental to the investment climate in the country.
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PYMA urges remove of yarn duty anomalies in Budget 2025-26
Karachi, June 22, 2025 – The Pakistan Yarn Merchants Association (PYMA) has called on the federal government to urgently address anomalies in the duty structure on yarn as outlined in the Budget 2025-26.
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Foreign investors strongly oppose FBR’s proposed arrest powers
Karachi, June 21, 2025 – Foreign investors operating in Pakistan have voiced strong opposition to the sweeping powers of arrest proposed for Federal Board of Revenue (FBR) officials under the Finance Bill 2025-26.
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Pakistan’s rice export suffers 12% blow amid price crash, tax woes
Karachi, June 20, 2025 — Pakistan’s rice export sector is reeling from a severe setback as official data from the Pakistan Bureau of Statistics (PBS) shows a staggering 12% year-on-year decline in export earnings during the first 11 months (July–May) of FY2024-25.
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FPCCI explodes over taxmen’s shocking powers in FY26 budget
KARACHI, June 19, 2025 – In a scathing rebuke, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has rejected what it calls “draconian” powers granted to tax authorities under the Federal Budget 2025-26.
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Sugar export rises over 18 times amid 24% local price surge
Islamabad, June 19, 2025 – Pakistan witnessed an extraordinary rise in sugar export, which soared by a staggering 1,851% during the first eleven months (July–May) of fiscal year 2024-25, even as local sugar prices surged by 24%, putting a financial strain on domestic consumers.
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Pakistan’s textile exports reach $16.37 billion in 11MFY25
Islamabad, June 19, 2025 – Pakistan’s textile exports surged to $16.37 billion during the first eleven months (July–May) of the current fiscal year 2024-25, reflecting a significant growth trend, as per the latest data released by the Pakistan Bureau of Statistics (PBS).
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