Pakistan Revenue
Karachi, August 1, 2023 – Engro Polymer & Chemicals Limited (EPCL) has signed a significant agreement with Sui Southern Gas Company Limited (SSGC) to secure the supply of gas for its captive power generation plant located at Port Qasim Industrial Zone in Karachi.
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Karachi, August 1, 2023 – Colgate-Palmolive Pakistan Limited, a leading consumer goods company, has reported an impressive 77 percent surge in net profit for the fiscal year ended June 30, 2023.
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Karachi, July 31, 2023 – Engro Fertilizers Limited (EFERT) faced a setback in its earnings as the implementation of the super tax adversely impacted its financial performance.
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Lucky Cement Limited, a leading Pakistani cement producer and exporter, was honored with the prestigious KCCI Export Trophy Awards in recognition of its exceptional achievements in the international market.
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Karachi, July 26, 2023 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has issued a stern warning to the government, raising concerns over the recently implemented massive hike in electricity tariff.
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Karachi, July 25, 2023 – Pakistan’s private sector has been hit hard by the economic slowdown and high interest rates, as bank loans plummeted by a staggering 87 percent in the fiscal year 2022-2023, according to data released by the State Bank of Pakistan (SBP) on Tuesday.
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Islamabad, July 25, 2023 – Illicit cigarette manufacturers in Pakistan are exploiting the exports quota to evade advance tax, resulting in substantial losses to the national exchequer.
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Karachi, July 25, 2023 – The Korangi Association of Trade and Industry (KATI) has sounded the alarm over the recent electricity tariff hike, warning that it could spell disaster for many industries, potentially leading to closures.
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Karachi, July 24, 2023 – The Karachi Chamber of Commerce and Industry (KCCI) voiced strong discontent on Monday over the persistent refusal of commercial banks to open letters of credit (LCs), hindering import payment processes and causing mounting concerns among traders and industrialists.
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Karachi, July 24, 2023 – Foreign investors have expressed their appreciation for Pakistan’s successful efforts in securing a $3 billion IMF loan under the Stand By Agreement (SBA).
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