Karachi, October 2, 2023 – Pakistan Business Council (PBC) has put forth a comprehensive set of recommendations to the government to alleviate country’s soaring electricity costs and enhance foreign exchange savings.
(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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National Logistics Cell Expands Trade Focus on Central Asia, Russia, and China
Karachi, October 2, 2023 – Major General Farrukh Shahzad Rao, the Director General of the National Logistics Cell (NLC), has announced the NLC’s commitment to strengthening trade relations with Central Asia, Russia, China, and Tashkent. This initiative aims to tap into the growing demand for Pakistani goods in these regions and enhance economic ties.
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Iftikhar Sheikh Elected as New President of KCCI
Karachi, October 2, 2023 – The Karachi Chamber of Commerce and Industry (KCCI) announced the election of its new office bearers during the 62nd Annual General Meeting held at KCCI’s Auditorium. Iftikhar Ahmed Sheikh has been elected as the new President, while Altaf Ghaffar and Tanveer Barry will serve as Senior Vice President and Vice President, respectively.
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Asif Sumsum Elected Chairman of ABAD for 2023-2024 Term
Karachi, September 30, 2023 – The Association of Builders and Developers (ABAD) has elected Asif Sumsum, a prominent builder and developer, as its chairman for the term 2023-2024.
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Islamabad Chamber Calls for Withdrawal of Section 7E to Boost Real Estate
Islamabad, September 28, 2023 – The Islamabad Chamber of Commerce and Industry (ICCI) has issued a call to authorities for the withdrawal of Section 7E from the Income Tax Ordinance, 2001, with the aim of revitalizing investment in the real estate and construction sector.
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PPL Explores Engagement with Sovereign Foreign Investors in Reko Diq Project
In a strategic move to enhance the development prospects of the Reko Diq Project, Pakistan Petroleum Limited (PPL) announced its intention to explore potential engagement with sovereign foreign investors.
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Banks to Extend Saturday Hours for Duty Drawback Claims
Karachi, September 27, 2023 – In a move to facilitate the resubmission of claims under duty drawback schemes, the State Bank of Pakistan (SBP) has directed commercial banks to keep their branches open on Saturday, September 30, 2023.
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Crackdown Against Urea Hoarders Results in Significant Price Drop
Karachi, September 27, 2023 – The government’s aggressive measures against urea hoarding and smuggling have led to a substantial reduction in fertilizer prices, providing much-needed relief to farmers across Pakistan.
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Karachi Chamber Calls for Ban on Imported Recycled Plastic
Karachi, September 26, 2023 – The Karachi Chamber of Commerce and Industry (KCCI) has made a strong demand for a complete ban on the import of recycled plastic.
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BMG Achieves Landslide Victory in KCCI Elections 2023
Karachi, September 25, 2023 – In a resounding victory, the Businessmen Group (BMG) has secured a landslide win in the 2023 annual elections of the Karachi Chamber of Commerce and Industry (KCCI).
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