Islamabad, May 27, 2025 – In a powerful and urgent appeal, the World Health Organization (WHO) has issued a dire warning to Pakistan: raise tobacco tax now or brace for even more staggering human and economic losses.
(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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Experts urge reduce GST to 5% to boost Pakistan’s dairy sector
Islamabad, May 27, 2025 – Leading experts, industry stakeholders, and government representatives have strongly recommended reverting the General Sales Tax (GST) on packaged milk from the current 18% back to 5% to boost dairy sector.
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SAI submits comprehensive tax proposals for budget 2025-26
Karachi, May 27, 2025 – The Site Association of Industry (SAI) has submitted detailed tax proposals for the upcoming Federal Budget 2025–26, calling for sweeping reforms to support industrial growth, broaden the tax base, and promote export competitiveness.
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Railways key to easing Karachi’s cargo pressure, says DS
Karachi, May 27, 2025 – Divisional Superintendent (DS) Pakistan Railways, Mehmood ur Rehman Lakho, has stressed the urgent need to shift cargo movement from roads to railways to ease Karachi’s growing transportation burden.
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OICCI highlights tax issues in tobacco sector, seeks urgent relief
Karachi, May 25, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has raised serious concerns over the alarming rise in illicit trade within Pakistan’s tobacco sector, urging the government to provide immediate tax relief and regulatory support to protect legitimate businesses.
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Pharmaceutical industry submits tax proposals for Budget 2025–26
The pharmaceutical industry of Pakistan has officially submitted its tax proposals for the upcoming budget 2025–26, urging the government to address long-standing tax-related challenges that have adversely impacted the sector’s sustainability and affordability of medicine.
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CCP alerts firms on risks of unapproved vertical agreements
Islamabad, May 24, 2025 – The Competition Commission of Pakistan (CCP) has issued a strong caution to all undertakings engaging in prohibited agreements without securing prior exemption, warning that such violations may lead to severe financial penalties of up to Rs75 million or 10% of the annual turnover, whichever is higher.
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Competition tribunal orders fresh hearing in sugar mills case
ISLAMABAD: The Competition Appellate Tribunal (CAT) has remanded the high-profile Rs44 billion penalty case involving the Pakistan Sugar Mills Association (PSMA) and its member sugar mills back to the Competition Commission of Pakistan (CCP) for a fresh hearing. The Tribunal issued its short order in response to appeals filed by the PSMA and affiliated mills, challenging the CCP’s 2021 decision.
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FPCCI secures assurance for review of controversial tax laws
Karachi, May 23, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has secured a significant breakthrough, as top government officials have assured a review of the much-contested Tax Laws (Amendment) Ordinance 2025 following strong opposition from the business community.
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MTO Karachi trains KATI members on digital tax reforms
Karachi, May 23, 2025 — The Medium Taxpayers Office (MTO) Karachi held an important awareness session on Friday for members of the Korangi Association of Trade and Industry (KATI), shedding light on the newly introduced automated tax invoicing system powered by Pakistan Revenue Automation Limited (PRAL).
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