Islamabad, June 4, 2025 – Pakistan has reported that trade deficit rose sharply by 26% year-on-year in May 2025, mainly due to a notable decline in exports.
(more…)Category: Trade & Industry
This section covers news on trade and industry. Pakistan Revenue is committed to providing the latest updates on business trends.
-
Confusion over stock declaration halts sales tax filing: PCDMA
Karachi, June 4, 2025 – The Pakistan Chemical and Dyes Merchants Association (PCDMA) has raised serious concerns about difficulties faced by traders in filing their sales tax returns, following a new requirement introduced by the Federal Board of Revenue (FBR).
(more…) -
KCCI urges reduction in gas prices to safeguard industrial sector
Karachi, June 4, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to immediately reconsider and reduce gas prices in order to safeguard the country’s struggling industrial sector and support sustainable economic growth.
(more…) -
Thousands jobless as Utility Stores restructuring accelerates rapidly
ISLAMABAD: The government has closed down 1,925 loss-making Utility Stores across Pakistan, resulting in the termination of 4,060 employees. This move is part of a major restructuring plan for the Utility Stores Corporation (USC) aimed at cutting costs and preparing the organization for privatization.
(more…) -
APTMA demands immediate removal of yarn, fabric from EFS
KARACHI – The All Pakistan Textile Mills Association (APTMA) has strongly urged the federal government to immediately remove yarn and fabric from the Export Facilitation Scheme (EFS), warning that their continued inclusion is severely damaging Pakistan’s domestic textile industry and distorting market competition.
(more…) -
KCCI endorses faceless customs, calls nationwide implementation
Karachi, June 1, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has extended its full support for the Faceless Customs Assessment (FCA) system and has urged the federal government to accelerate its expansion across all ports and customs stations in Pakistan.
(more…) -
KCCI demands subsidy release for incremental power consumption
Karachi, May 30, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has called on the federal government to urgently release the long-delayed subsidy related to incremental electricity consumption, which is critical for the survival and growth of Karachi’s industrial sector.
(more…) -
PCDMA sounds alarm over rampant EFS misuse
KARACHI, May 30, 2025 — The Pakistan Chemicals & Dyes Merchants Association (PCDMA) has voiced strong concern over the increasing misuse of the Export Facilitation Scheme (EFS), warning that unchecked exploitation of the policy could devastate small and medium enterprises (SMEs) and severely impact government revenues.
(more…) -
Independent audit to assess sugar production cost, stabilize market
Islamabad, May 28, 2025 – In a strategic move aimed at enhancing transparency and ensuring fair pricing in the sugar industry, the federal government and sugar millers have reached a consensus to engage independent auditors for the assessment of sugar production costs.
(more…) -
UNISAME wants bold slash in income tax rates for struggling SMEs
KARACHI, May 28, 2025 — In a powerful and urgent appeal, the Union of Small and Medium Enterprises (UNISAME) has issued a clarion call to the government of Pakistan: slash the crushing income tax burden on SMEs or risk economic stagnation and collapse of this vital sector.
(more…)