State Bank Pakistan (SBP) Governor, Jameel Ahmed, has met with foreign investors to discuss the ongoing exchange rate crisis and dividend and profit repatriation issues, according to a statement issued on Saturday.
(more…)Category: Trade & Industry
This section covers news on trade and industry. Pakistan Revenue is committed to providing the latest updates on business trends.
-
Restrictions in Pakistan cause 82% plunge in profit, dividend repatriation by MNCs
The repatriation of profit and dividends by multinational companies (MNCs) operating in Pakistan has witnessed a significant decline due to restrictions imposed by the country.
(more…) -
Foreign investors urge Pakistan to adopt cryptocurrencies
Foreign investors are urging Pakistan to adopt cryptocurrencies and develop a national strategy to promote their use, according to a report released on April 27, 2023 by the Overseas Investors Chamber of Commerce and Industry (OICCI).
(more…) -
KCCI requests date extension for electricity bill payment
The Karachi Chamber of Commerce and Industry (KCCI) has requested the management of K-Electric to extend the last date for payment of electricity bills in view of the recent Eid holidays.
(more…) -
UNISAME displeased with govt’s inadequate support for SMEs during challenging times
The Union of Small and Medium Enterprises (UNISAME), a representative body of SMEs in Pakistan, has expressed its dissatisfaction with the government’s lack of effort in promoting the SME sector during these challenging times.
(more…) -
Cigarette retailers demand tax reversal to prevent job losses
LAHORE: Cigarette retailers in Pakistan are requesting the government to reverse the latest tax hike to avoid job losses in the industry.
(more…) -
Pakistan’s current account surplus is no reason to celebrate, warns FPCCI
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Thursday warned the government that latest current account surplus is reflecting massive economic contraction.
(more…) -
Foreign exchange mismanagement leads to airline shutdowns in Pakistan
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has warned that the mismanagement of foreign exchange in Pakistan has caused several airlines to shut down operations in the country, and forced many travel agents to do the same.
(more…) -
Pakistan’s textile group exports decline by 12.4% in first nine months of 2022-23
Pakistan’s textile group exports have declined by 12.4% in the first nine months of the current fiscal year 2022-23, amounting to $12.476 billion as compared to $14.242 billion during the same period last year, according to data released by the Pakistan Bureau of Statistics (PBS).
(more…) -
Widespread smuggling from Iran, Afghanistan threatens local steel industry
The Pakistan Association of Large Steel Producers (PALSP) has expressed concern about the widespread smuggling of steel from Iran and Afghanistan, which is having a detrimental impact on the domestic industry.
(more…)