Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Thursday warned the government that latest current account surplus is reflecting massive economic contraction.
(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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Foreign exchange mismanagement leads to airline shutdowns in Pakistan
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has warned that the mismanagement of foreign exchange in Pakistan has caused several airlines to shut down operations in the country, and forced many travel agents to do the same.
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Pakistan’s textile group exports decline by 12.4% in first nine months of 2022-23
Pakistan’s textile group exports have declined by 12.4% in the first nine months of the current fiscal year 2022-23, amounting to $12.476 billion as compared to $14.242 billion during the same period last year, according to data released by the Pakistan Bureau of Statistics (PBS).
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Widespread smuggling from Iran, Afghanistan threatens local steel industry
The Pakistan Association of Large Steel Producers (PALSP) has expressed concern about the widespread smuggling of steel from Iran and Afghanistan, which is having a detrimental impact on the domestic industry.
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Salt manufacturers reject excessive Eid holidays due to economic crisis
Ismail Suttar, Chairman of the Salt Manufacturers Association of Pakistan (SMAP), has voiced strong criticism against the government’s decision to grant five days of Eid holidays, highlighting the adverse impact on the nation’s fragile economy.
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Business community condemns increase in petroleum prices ahead of Eid in Pakistan
The business community in Pakistan has lambasted the government for the recent hike in petroleum prices ahead of Eid-ul-Fitr, terming it unjustified and destructive for trade and industry.
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LCCI, ACCA team up to advance financial literacy among SMEs in Pakistan
The Lahore Chamber of Commerce and Industry (LCCI) and the Association of Chartered Certified Accountants (ACCA) have teamed up to advance financial literacy among small and medium-sized enterprises (SMEs) in Pakistan.
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Pakistan’s economy faces potential negative growth in FY23, warns FPCCI
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has issued a warning that the country may experience negative economic growth in the ongoing fiscal year 2022-2023.
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Cross-stuffing of Afghan, Uzbek cargo at Karachi Port hailed by Pak-Afghan Chamber
Director of Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI), Zia-ul-Haq Sarhadi, has welcomed the decision of the customs department to allow cross-stuffing of Afghan and Uzbek cargo at Karachi Port.
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OICCI expresses concerns over threats to business continuity in Pakistan’s economy
Overseas Investors’ Chamber of Commerce and Industry (OICCI) has expressed concern about the threat to business continuity in Pakistan.
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