Islamabad, June 30, 2023: In a recent announcement, the All Pakistan Textile Mills Association (APTMA) highlighted the crucial support provided by the International Monetary Fund (IMF) to address Pakistan’s immediate financial challenges.
(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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FPCCI Raises Anomalies in Proposed Amendments to Customs Laws
Karachi, June 24, 2023: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has voiced concerns over anomalies in the proposed amendments to the Customs Act of 1969, as outlined in the Finance Bill of 2023.
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USAID Seeks Karachi Chamber’s Assistance to Attract FDI
A team from the United States Agency for International Development (USAID) met with the Karachi Chamber of Commerce and Industry (KCCI) on Thursday to discuss the Pakistan Investment Pipeline Program.
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Ishaq Dar Assures FPCCI of Resolving Anomalies in Budget 2023-24
Karachi, June 22, 2023 – Finance Minister Ishaq Dar has assured the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), the apex trade body of Pakistan, that anomalies in the budget for the fiscal year 2023-24 will be addressed, according to a statement released on Thursday.
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Cotton Prices Experience Steep Decline due to Taxation and Subsidy Removal
Karachi, June 22, 2023 – Cotton prices in Pakistan have undergone a significant decline, attributed to high taxation and the removal of energy subsidies, industry sources revealed on Thursday.
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Alarming Prevalence of Unregistered Cigarettes in Pakistan Jeopardizes Public Health, Economy
The Citizens’ Health Initiative (CHI) has raised serious concerns about the increasing presence of unregistered cigarette brands in Pakistan, posing a significant threat to public health policy and the country’s economy amidst its most challenging financial crisis.
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Karachi Chamber Urges Restoration of Zero-Rating for Textile Industry
Karachi, June 20, 2023: Amidst economic instability, foreign exchange crisis, and declining exports, the Karachi Chamber of Commerce and Industry (KCCI) has called on the government to reinstate the zero-rating facility to support the survival of five export sectors during liquidity crunch periods.
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President Alvi Calls for Adoption of AI-Based Solutions in Pakistan’s Industries
Islamabad, June 17, 2023: President Dr. Arif Alvi emphasized the urgent need for Pakistan’s business and industrial sectors to embrace Artificial Intelligence (AI)-based solutions to address their challenges and enhance efficiency and productivity.
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FPCCI Urges Immediate Resolution to Anomalies in Budget 2023-24
Karachi, June 17, 2023: The President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Irfan Iqbal Sheikh, has called upon the government to promptly address the anomalies present in the recently announced Budget 2023-24.
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Ashfaq Tola Dispels Pakistan Default Rumors
Karachi, June 17, 2023: Ashfaq Tola, the Minister of State for Revenue, addressed concerns and dispelled rumors regarding Pakistan’s potential default on its financial obligations.
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