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Category: Trade & Industry

Trade & Industry news covering business developments, industrial growth, manufacturing trends, and economic policies shaping domestic and global markets.

Korea to set IT center in Karachi

Korea to Establish IT Center in Karachi, Aims to Boost IT Sector and Bilateral Trade

July 21, 2023July 21, 2023Shahnawaz Akhter

Karachi, July 21, 2023 – The Consul General of the Republic of Korea, Yi Sungho, revealed that the Korean Government is making preparations to set up an IT Center in Karachi, near the Airport.

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KCCI Photo

KCCI Welcomes Government’s Web Platform for Spot Trading of Currency

July 20, 2023July 20, 2023Shahnawaz Akhter

Karachi, July 20, 2023 – In an official statement released on Thursday, the Karachi Chamber of Commerce & Industry (KCCI) expressed its appreciation to Federal Minister for Finance & Revenue Senator Muhammad Ishaq Dar and Governor State Bank of Pakistan (SBP) Jameel Ahmed for approving the budget proposal of KCCI for FY2023-24.

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UNISAME

UNISAME Considers Formation of National Taxpayers Union

July 18, 2023July 18, 2023Hamza Shahnawaz

Karachi, July 18, 2023 – The Union of Small and Medium Enterprises (UNISAME) in Pakistan is contemplating the establishment of a National Taxpayers Union (NTUP) to effectively represent the interests of taxpayers, similar to such unions in many countries worldwide.

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yarn filament

Textile Exports Witness 15% Decline to $16.5 Billion in FY23

July 18, 2023July 18, 2023Faisal Shahnawaz

Islamabad, July 18, 2023 – Pakistan’s textile exports have experienced a significant drop of 15% in the fiscal year 2022-23, as per data released by the Pakistan Bureau of Statistics (PBS) on Tuesday.

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KCCI Photo

Karachi Chamber Expresses Dismay Over Gas Suspension to Industry

July 13, 2023July 13, 2023Faisal Shahnawaz

Karachi, July 13, 2023 – The Karachi Chamber of Commerce & Industry (KCCI) has expressed dismay over the suspension of gas supply to industries in Karachi, calling on Prime Minister Shehbaz Sharif and Minister of State for Energy Musadik Malik to address the issue.

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yarn filament

Yarn Merchants Stress Political Stability for Economic Growth

July 13, 2023July 13, 2023Faisal Shahnawaz

Qaisar Shams Ghucha, Chairman of the Pakistan Yarn Merchants Association (PYMA), has underscored the significance of political stability in driving economic growth.

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engro fertilizer

Fertilizer Companies Manipulate Prices, CCP Recommends Action

July 12, 2023July 12, 2023Faisal Shahnawaz

Islamabad, July 12, 2023 – The Competition Commission of Pakistan (CCP) has uncovered evidence of price manipulation by fertilizer companies, resulting in substantial profits at the expense of farmers and consumers.

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Federation of Pakistan Chambers

Advocacy for Barter Trade Yields Positive Results, Says FPCCI Chief

July 10, 2023July 10, 2023Faisal Shahnawaz

Karachi, July 10, 2023 – Irfan Iqbal Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), expressed his satisfaction that years of relentless policy advocacy for barter trade with Russia, Iran, and Afghanistan have yielded positive results.

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KCCI Photo

KCCI Rejects Approval Allowing FCA Hike to K-Electric

July 5, 2023July 5, 2023Faisal Shahnawaz

Karachi, July 5, 2023 – The Karachi Chamber of Commerce and Industry (KCCI) Wednesday recently rejected the approval to allow K-Electric, the sole electricity provider in Karachi, to increase the Fuel Cost Adjustment (FCA).

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cement industry pakistan

Decline in Cement Despatches Continues, Year-on-Year Drop of 15.71%

July 5, 2023July 5, 2023Faisal Shahnawaz

Karachi, July 4, 2023 – The cement industry experienced a significant decline in despatches, with a decrease of 22.80% in June 2023 compared to the same month last year. The total cement despatches for June 2023 amounted to 4.063 million tons, down from 5.264 million tons in June of the previous fiscal year.

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