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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.

Karachi Chamber

Pakistani Business Community Applauds IMF Agreement for Economic Stability

July 1, 2023July 1, 2023Faisal Shahnawaz

Karachi, July 1, 2023: Pakistani businessmen have expressed their appreciation for the recent loan agreement between Pakistan and the International Monetary Fund (IMF).

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APTMA

IMF Assistance to Address Pakistan’s Immediate Financial Challenges, APTMA Says

June 30, 2023June 30, 2023Mrs. Anjum Shahnawaz

Islamabad, June 30, 2023: In a recent announcement, the All Pakistan Textile Mills Association (APTMA) highlighted the crucial support provided by the International Monetary Fund (IMF) to address Pakistan’s immediate financial challenges.

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Federation of Pakistan Chambers

FPCCI Raises Anomalies in Proposed Amendments to Customs Laws

June 24, 2023June 24, 2023Hamza Shahnawaz

Karachi, June 24, 2023: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has voiced concerns over anomalies in the proposed amendments to the Customs Act of 1969, as outlined in the Finance Bill of 2023.

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KCCI Photo

USAID Seeks Karachi Chamber’s Assistance to Attract FDI

June 22, 2023June 22, 2023Hamza Shahnawaz

A team from the United States Agency for International Development (USAID) met with the Karachi Chamber of Commerce and Industry (KCCI) on Thursday to discuss the Pakistan Investment Pipeline Program.

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Federation of Pakistan Chambers

Ishaq Dar Assures FPCCI of Resolving Anomalies in Budget 2023-24

June 22, 2023June 22, 2023Shahnawaz Akhter

Karachi, June 22, 2023 – Finance Minister Ishaq Dar has assured the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), the apex trade body of Pakistan, that anomalies in the budget for the fiscal year 2023-24 will be addressed, according to a statement released on Thursday.

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cotton-pakistan

Cotton Prices Experience Steep Decline due to Taxation and Subsidy Removal

June 22, 2023June 22, 2023Shahnawaz Akhter

Karachi, June 22, 2023 – Cotton prices in Pakistan have undergone a significant decline, attributed to high taxation and the removal of energy subsidies, industry sources revealed on Thursday.

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FED on cigarettes

Alarming Prevalence of Unregistered Cigarettes in Pakistan Jeopardizes Public Health, Economy

June 22, 2023June 22, 2023Faisal Shahnawaz

The Citizens’ Health Initiative (CHI) has raised serious concerns about the increasing presence of unregistered cigarette brands in Pakistan, posing a significant threat to public health policy and the country’s economy amidst its most challenging financial crisis.

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KCCI Photo

Karachi Chamber Urges Restoration of Zero-Rating for Textile Industry

June 20, 2023June 20, 2023Faisal Shahnawaz

Karachi, June 20, 2023: Amidst economic instability, foreign exchange crisis, and declining exports, the Karachi Chamber of Commerce and Industry (KCCI) has called on the government to reinstate the zero-rating facility to support the survival of five export sectors during liquidity crunch periods.

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Pakistan President Dr Arif Alvi

President Alvi Calls for Adoption of AI-Based Solutions in Pakistan’s Industries

June 17, 2023June 17, 2023Mrs. Anjum Shahnawaz

Islamabad, June 17, 2023: President Dr. Arif Alvi emphasized the urgent need for Pakistan’s business and industrial sectors to embrace Artificial Intelligence (AI)-based solutions to address their challenges and enhance efficiency and productivity.

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Federation of Pakistan Chambers

FPCCI Urges Immediate Resolution to Anomalies in Budget 2023-24

June 17, 2023June 17, 2023Shahnawaz Akhter

Karachi, June 17, 2023: The President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Irfan Iqbal Sheikh, has called upon the government to promptly address the anomalies present in the recently announced Budget 2023-24.

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