The President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Irfan Iqbal Sheikh, on Monday expressed concerns over the distress faced by the private sector in Pakistan.
(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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Industry condemns withdrawal of low tariff electricity
KARACHI: The industry on Monday condemned the withdrawal of low tariff electricity for manufacturing and export oriented units.
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FPCCI proposes measures to resolve import payment crisis
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Saturday proposed measures to resolve import payment crisis.
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Philip Morris says tax hikes to benefit illicit tobacco sector in Pakistan
KARACHI: Philip Morris (Pakistan) has said that significant tax hikes on cigarettes would only benefit illicit tobacco sector.
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Pakistan’s exports to Afghanistan grow by 17%
Pakistan’s exports to Afghanistan have surge by 17.02% in first 8 months of fiscal year (2022-23).
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SBP makes banking loans to private sector impossible: KATI
Korangi Association of Trade and Industry (KATI) in a statement declared that SBP has made it possible for private sector to obtain loans from banking system.
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FPCCI rejects policy rate hike; terms economy to collapse
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday rejected the policy rate at 21 percent and termed it will lead the economy toward collapse.
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Hosiery manufacturers demand fast release of sales tax refunds
Hosiery manufacturers and exporters have urged the Federal Board of Revenue (FBR) to accelerate the pace of sale tax refund release.
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SBP imposes mark lien on delayed export inflows
The State Bank of Pakistan (SBP) has imposed a mark on lien for exporters who fail to realize export money within the prescribed time frame.
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PBC raises concerns over proposed requirement of beneficial owner records
The Pakistan Business Council (PBC) has raised concerns over the Federal Board of Revenue’s (FBR) SRO 229(I)/ 2023, which requires companies and foreign investors to maintain records of beneficial owners, despite the comprehensive documentation already mandated by the Securities and Exchange Commission of Pakistan (SECP).
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