Karachi, May 23, 2023 – The SITE Association of Industry (SAI) has called on the government to lift import restrictions in the upcoming budget for 2023-2024.
(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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KCCI stresses out-of-box solutions to prevent further downslide in economy
The Karachi Chamber of Commerce and Industry (KCCI) has emphasized the need for out-of-the-box solutions to prevent a further downslide in Pakistan’s economy.
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Severe gas shortage forces textile industry to halt production: APTMA
KARACHI: The All Pakistan Textile Mills Association (APTMA) Tuesday May 23, 2023 announced that the textile industry is being compelled to suspend production due to a severe shortage of gas.
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Pakistan textile exports slump by 14% amid global recession
Pakistan’s textile exports have experienced a significant slump of around 14 percent in the period of July to April 2022-2023, according to data reported by the Pakistan Bureau of Statistics (PBS).
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Political conflict threatens Pakistan’s economy: PYMA
The Pakistan Yarn Merchants Association (PYMA) has voiced its apprehensions regarding the increasingly unstable political landscape in the country. PYMA has warned that the ongoing political conflicts pose a serious threat to Pakistan’s economy and global standing.
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Trade body proposes VAT on supplies to individuals without CNIC
The Karachi Chamber of Commerce and Industry (KCCI) has recommended that the Federal Board of Revenue (FBR) impose a value-added tax (VAT) on supplies made to individuals who fail to provide their Computerized National Identity Card (CNIC) number.
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Karachi Chamber calls for separate currency exchange portal to boost trade facilitation
Karachi Chamber of Commerce and Industry (KCCI) has urged the central bank to establish a dedicated online platform for buying and selling foreign currencies, specifically the US Dollar.
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KCCI proposes importers’ role in foreign exchange arrangements for import payments
Karachi Chamber of Commerce and Industry (KCCI) has put forward a proposal suggesting that importers should be allowed to independently arrange foreign exchange for their import payments.
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FBR assures taking no more illegal raids on shopkeepers: KCCI
Intelligence and Investigation Wing of the Federal Board of Revenue (FBR) has given assurances to traders that no illegal raids will be conducted against shopkeepers.
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FPCCI submits proposals for federal budget 2023-2024
ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) submitted its proposals for the federal budget 2023-2024 on Thursday.
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