Karachi, September 20, 2023 – Pakistan’s private sector has exhibited a distinct preference for debt retirement over taking on new bank loans for business activities.
(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 Sees 50% Surge in Gold Imports in August 2023
Karachi, September 20, 2023 – Pakistan has witnessed a substantial 50 percent increase in the import of gold in August 2023 compared to the previous month, according to official statistics released by the Pakistan Bureau of Statistics (PBS).
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Private Sector Bank Deposits Soar by 21% as Investors Seek Secure Havens
Karachi, September 18, 2023 – The private sector in Pakistan has shown a significant surge in bank deposits, increasing by a remarkable 21 percent. This uptick reflects a growing preference for secure investments in the face of ongoing economic challenges.
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Karachi Chamber Issues Statement on Hike in Petroleum Prices
Karachi, September 16, 2023 – The Karachi Chamber of Commerce and Industry (KCCI) has voiced its concerns over the recent surge in petroleum prices, which came into effect on September 16, 2023.
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Business Community Expresses Disappointment Over Hike in Price Prices
Karachi, September 16, 2023 – The business community in Pakistan has expressed deep disappointment over the recent hike in petroleum prices, which took effect on September 16, 2023.
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Tax System Digitization Underway as Part of Reforms: PM Kakar
Islamabad, September 7, 2023 – Caretaker Prime Minister Anwaar ul Haq Kakar has announced that Pakistan’s tax system is undergoing a digital transformation as part of the government’s tax reform efforts.
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Fertilizer Industry Pivotal in Driving Agricultural Transformation under Green Initiative Pakistan
Karachi, September 07 – In a significant development, Pakistan finds itself as the only country among the top five global urea consumers—comprising China, Brazil, the USA, and India—that is not actively investing in expanding its production capacity over the next five years. This situation has emerged despite Pakistan facing a rapidly growing population.
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FTO Office Assures Timely and Free Justice to Businessmen
Karachi, September 6, 2023 – In a reassuring move, the Federal Tax Ombudsman’s (FTO) office has pledged to deliver timely and cost-free justice to businessmen facing taxation-related issues.
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Pakistan Businesses Express Concerns Over Potential Default, Gallup Survey Reveals
Karachi, September 04, 2023 – A recent survey conducted by Gallup Pakistan has revealed that a majority of businesses in Pakistan are deeply concerned about the country’s potential default.
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Karachi Traders Stage Shutdown Protest Against Soaring Electricity Bills and Inflation
Karachi, September 1, 2023 – Traders in Karachi observed a citywide shutdown on Friday in a collective protest against inflated electricity bills and the relentless rise in inflation. The protest action resulted in the closure of wholesale and major markets across the city.
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