Pakistan Revenue
A recent study conducted by the Pakistan Business Council (PBC) sheds light on the country’s persistent challenges in bringing wholesalers and retailers into the tax net.
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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.
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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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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’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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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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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 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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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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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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