The Pakistan Business Council (PBC) has proposed several measures to the Federal Board of Revenue (FBR) in order to tackle the problem of under-invoicing by commercial importers.
(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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PBC proposes massive tax burden on non-filers in upcoming budget
The Pakistan Business Council (PBC) has proposed increasing the burden on non-filers of income tax in the upcoming budget 2023-2024.
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PYMA demands restoration of concessionary energy tariff for textile industry
Sohail Nisar, the Senior Vice Chairman of the Pakistan Yarn Merchants Association (PYMA), has expressed concern over the discontinuation of the gas concession package for the textile sector by the Oil & Gas Regulatory Authority (OGRA) following the discontinuation of the electricity concession package.
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FBR’s revenue collection from cigarette sales falls short of expectations despite FED hike
The Federal Board of Revenue (FBR) did not meet its revenue collection target from cigarette sales in April 2023, despite the sharp increase in Federal Excise Duty (FED) on the tobacco industry through the mini-budget in February this year.
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J.P. Morgan sponsored delegation visits OICCI
A group of investors sponsored by J.P. Morgan visited the Overseas Investors Chamber of Commerce and Industry (OICCI) on May 03, 2023 to gather insights on the investment and business conditions prevailing in Pakistan.
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SMAP urges government to register pink salt as GI tag product
Ismail Suttar, the chairman of Salt Manufacturers Association of Pakistan (SMAP), urged the government to expedite the process of registering pink salt as a Geographical Indication (GI) tag product through the Intellectual Property Organization.
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Cement despatches decline 16.55% in April 2023
According to recent data released by the All Pakistan Cement Manufacturers Association, cement despatches in April 2023 saw a decline of 16.55% as compared to the same month last fiscal year.
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Unilever Pakistan achieves 87% profit growth despite economic challenges
Unilever Pakistan Foods Limited has achieved a remarkable 87% increase in profit after tax for the quarter ending in March 2023, despite challenging economic conditions.
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Lucky Cement announces record-breaking profit for 9MFY23
Lucky Cement Limited announced a record-breaking profit after tax of PKR 48.5 billion for the nine-month period ending March 31, 2023.
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