ISLAMABAD: Production of steel products has been drastically affected due to shortage of scrap as banks are not processing letter of credits (LCs).
(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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KATI questions food shortage amid agriculture tax exemptions, concessions
KARACHI: Korangi Association of Trade and Industry (KATI) on Tuesday questioned the authorities of food shortage despite huge tax exemptions and concessions to agriculture sector.
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Women’s Day celebrated with theme of embracing for equity
KARACHI: The Overseas Chamber of Commerce & Industry (OICCI), partnered with Unilever Pakistan and Circle, marked International Women’s Day with an event to celebrate the opportunities and challenges of enabling equity within the workplace.
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Business community cries foul on land grabbing; Sindh worst hit in illegal occupation
KARACHI: Business community has cried foul over the land grabbing of industrial and commercial lands in Pakistan. Most of the cases have been reported in Sindh.
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FPCCI terms monetary policy as doomsday for trade, industry
KARACHI: Pakistan apex trade body has termed the monetary policy announcement as doomsday for trade and industry.
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Steel industry at brink of collapse amid raw material shortage, overhead costs
ISLAMABAD: Steel industry is at brink of collapse due to shortage of raw material and overhead costs. This scenario is compelling large producers to stay afloat as costs continue to mount.
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Yarn merchants term policy rate hike as disastrous
KARACHI: Pakistan Yarn Merchants Association (PYMA) on Thursday termed the significant three per cent hike in policy rate to 20 per cent as disastrous for industries, especially the SMEs.
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SITE Association terms 20% policy rate as interest bomb
KARACHI: SITE Association of Industry has termed the massive hike in key policy rate to 20 per cent as interest bomb, making it impossible for businesses to borrow money.
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Investors to prefer keep money in banks amid high policy rate: KATI
KARACHI: The rise in policy rate to 20 per cent, the State Bank of Pakistan (SBP) has provided investors opportunity to keep money in banks instead making investment in industry.
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Rupee devaluation will make inflation genie uncontrollable: KCCI
KARACHI: Massive devaluation of Pakistani Rupee will make inflation genie uncontrollable, said Mohammed Tariq Yousuf, President, Karachi Chamber of Commerce and Industry (KCCI) on Thursday.
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