Islamabad, July 10, 2025 – In a significant development, the Competition Appellate Tribunal (CAT) has rejected the appeal filed by the Institute of Chartered Accountants of Pakistan (ICAP), upholding a previous decision by the Competition Commission of Pakistan (CCP) that penalized the institute for alleged price-fixing practices.
(more…)Category: Trade & Industry
This section covers news on trade and industry. Pakistan Revenue is committed to providing the latest updates on business trends.
-
Business community rises against FBR’s arrest powers
Multan, July 9, 2025 — A thunderous wave of resistance is sweeping across Pakistan as the business community unites in fierce opposition to the sweeping arrest and investigation powers granted to the Federal Board of Revenue (FBR) through the controversial Finance Act, 2025.
(more…) -
Interior minister promises swift resolution to UAE visa issue
KARACHI, July 7, 2025 — Federal Minister for Interior & Narcotics Control, Syed Mohsin Raza Naqvi, has assured the business community that the growing issue of UAE visa rejections for Pakistani nationals is being taken seriously and will soon be addressed.
(more…) -
LTO Karachi promises swift action on FPCCI tax woes
Karachi, July 7, 2025 – The Large Taxpayers Office (LTO) Karachi has assured the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) of its full cooperation in resolving the pressing tax and technical issues raised by the business community, particularly those arising from the newly introduced provisions of the Federal Budget 2025–26.
(more…) -
Unisame slams cash withdrawal tax: calls it daylight robbery
Karachi, July 7, 2025 – In a fiery appeal to the government, the Union of Small and Medium Enterprises (Unisame) has blasted the imposition of cash withdrawal tax, branding it an unfair and irrational burden on honest entrepreneurs and everyday citizens alike.
(more…) -
Pakistan’s export share rises in US market, slips with China
Islamabad, July 6, 2025 – Pakistan’s export landscape is shifting—and the numbers tell an interesting story. According to the Economic Survey of Pakistan for FY 2024-25, the country’s export share to the United States has grown, while it has declined with China.
(more…) -
Tax login trouble: KCCI flags QR code flaws
Karachi, July 4, 2025 — The Karachi Chamber of Commerce and Industry (KCCI) has raised serious concerns over the new QR code authentication system introduced by the Federal Board of Revenue (FBR) for accessing the IRIS portal.
(more…) -
PM committees suggest 26% corporate rate for industry revival
Islamabad, July 4, 2025 – In a major development aimed at industry revival, the Prime Minister’s Committees on Industrial Policy have proposed a significant reduction in the corporate tax rate to 26%.
(more…) -
KCCI roars against draconian laws: demands relief for taxpayers
Karachi, July 3, 2025 — In an explosive press conference that sent shockwaves through Pakistan’s business circles, the Karachi Chamber of Commerce and Industry (KCCI) launched a scathing attack on the government’s newly enacted Sections 37A and 37B of the Sales Tax Act, 1990, calling them “draconian” and a direct assault on law-abiding taxpayers.
(more…) -
PYMA decries ‘black laws’, slams FBR’s expanding authority
Karachi, July 2, 2025 – In a bold and fiery stance, the Pakistan Yarn Merchants Association (PYMA) has launched a sharp offensive against what it calls the “excessive and draconian authority” granted to the Federal Board of Revenue (FBR) under the newly passed Finance Act, 2025.
(more…)