Karachi, July 20, 2023 – In an official statement released on Thursday, the Karachi Chamber of Commerce & Industry (KCCI) expressed its appreciation to Federal Minister for Finance & Revenue Senator Muhammad Ishaq Dar and Governor State Bank of Pakistan (SBP) Jameel Ahmed for approving the budget proposal of KCCI for FY2023-24.
(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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UNISAME Considers Formation of National Taxpayers Union
Karachi, July 18, 2023 – The Union of Small and Medium Enterprises (UNISAME) in Pakistan is contemplating the establishment of a National Taxpayers Union (NTUP) to effectively represent the interests of taxpayers, similar to such unions in many countries worldwide.
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Textile Exports Witness 15% Decline to $16.5 Billion in FY23
Islamabad, July 18, 2023 – Pakistan’s textile exports have experienced a significant drop of 15% in the fiscal year 2022-23, as per data released by the Pakistan Bureau of Statistics (PBS) on Tuesday.
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Karachi Chamber Expresses Dismay Over Gas Suspension to Industry
Karachi, July 13, 2023 – The Karachi Chamber of Commerce & Industry (KCCI) has expressed dismay over the suspension of gas supply to industries in Karachi, calling on Prime Minister Shehbaz Sharif and Minister of State for Energy Musadik Malik to address the issue.
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Yarn Merchants Stress Political Stability for Economic Growth
Qaisar Shams Ghucha, Chairman of the Pakistan Yarn Merchants Association (PYMA), has underscored the significance of political stability in driving economic growth.
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Fertilizer Companies Manipulate Prices, CCP Recommends Action
Islamabad, July 12, 2023 – The Competition Commission of Pakistan (CCP) has uncovered evidence of price manipulation by fertilizer companies, resulting in substantial profits at the expense of farmers and consumers.
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Advocacy for Barter Trade Yields Positive Results, Says FPCCI Chief
Karachi, July 10, 2023 – Irfan Iqbal Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), expressed his satisfaction that years of relentless policy advocacy for barter trade with Russia, Iran, and Afghanistan have yielded positive results.
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KCCI Rejects Approval Allowing FCA Hike to K-Electric
Karachi, July 5, 2023 – The Karachi Chamber of Commerce and Industry (KCCI) Wednesday recently rejected the approval to allow K-Electric, the sole electricity provider in Karachi, to increase the Fuel Cost Adjustment (FCA).
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Decline in Cement Despatches Continues, Year-on-Year Drop of 15.71%
Karachi, July 4, 2023 – The cement industry experienced a significant decline in despatches, with a decrease of 22.80% in June 2023 compared to the same month last year. The total cement despatches for June 2023 amounted to 4.063 million tons, down from 5.264 million tons in June of the previous fiscal year.
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Pakistani Business Community Applauds IMF Agreement for Economic Stability
Karachi, July 1, 2023: Pakistani businessmen have expressed their appreciation for the recent loan agreement between Pakistan and the International Monetary Fund (IMF).
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