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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.

Overseas Chamber

OICCI members invest Rs12 billion on CSR activities

February 9, 2023February 9, 2023Faisal Shahnawaz

KARACHI: The members of Overseas Investors’ Chamber of Commerce and Industry (OICCI) have invested Rs12 billion on Corporate Social Responsibility (CSR) during fiscal year 2021-2022, said a statement on Thursday.

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ABAD House Pakistan

Housing construction comes to halt in Pakistan on high steel prices

February 9, 2023February 9, 2023Faisal Shahnawaz

KARACHI: Housing constructions comes to a halt in Pakistan as an association on Wednesday decided to boycott purchasing steel due to high prices.

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Ishaq Dar

Ishaq Dar urges business community to make donations for Turkiye earthquake victims

February 8, 2023February 8, 2023Mrs. Anjum Shahnawaz

ISLAMABAD: Finance Minister Ishaq Dar on Wednesday urged the business community to make donations for Turkiye earthquake victims.

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KCCI Photo

Business community cries foul over delay in release of stuck-up containers

February 8, 2023February 8, 2023Faisal Shahnawaz

KARACHI: Business community cries foul over delay in release of stuck-up containers at ports despite assurance of government authorities.

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Pakistan - Ethiopia

Pakistani businessmen to explore virgin markets of Ethiopia

February 7, 2023February 7, 2023Faisal Shahnawaz

KARACHI: A delegation of Pakistani businessmen will visit Ethiopia from March 5-10, 2023 to explore virgin markets of the country, which is the gateway to Africa.

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Rs5000 banknote

Discontinuation of Rs5000 banknote suggested to formalize Pakistan economy

February 5, 2023February 5, 2023Mrs. Anjum Shahnawaz

Pakistan Business Council (PBC) in a report suggested discontinuation of the highest denomination banknote of Rs5000 in order to formalize the country’s economy.

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car import

LC restrictions open doors for smuggling of automobile spare parts

February 2, 2023February 2, 2023Faisal Shahnawaz

KARACHI: Restrictions imposed on opening of Letter of Credit (LC) for import payment have given massive rise to smuggling of automobile spare parts.

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Yarn Merchants

PYMA seeks TDAP help in abolishing regulatory duty on polyester yarn

February 2, 2023February 2, 2023Hamza Shahnawaz

KARACHI: Pakistan Yarn Merchants Association (PYMA) has sought help of Trade Development Authority of Pakistan (TDAP) in abolishing regulatory duty on polyester yarn.

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Builders and Developers

ABAD urges barter trade to save construction industry

January 31, 2023January 31, 2023Faisal Shahnawaz

KARACHI: Association of Builders and Developers (ABAD) of Pakistan has urged the authorities to allow import of raw material on barter trade to save domestic construction industry.

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fpcci rrmc

FPCCI suggests three key points for tax reforms

January 31, 2023January 31, 2023Faisal Shahnawaz

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday suggested three key points for tax reforms in the country.

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  • FBR waives late return surcharge for individuals filing special undertaking July 1, 2026
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  • SBP to share high-risk banking data with FBR July 1, 2026
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  • FBR imposes additional 30% regulatory duty on commercial imports of used vehicles July 1, 2026

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  • FBR waives late return surcharge for individuals filing special undertaking
  • Finance Act 2026 cracks down on fake tax credit claims with 100% penalty
  • SBP to share high-risk banking data with FBR
  • Finance Act, 2026 empowers FBR with direct access to high-value bank account data
  • FBR imposes additional 30% regulatory duty on commercial imports of used vehicles
  • FBR notifies revised regulatory duty rates for FY2026-27 imports
  • FBR notifies new additional customs duty rates for FY2026-27 imports
  • FBR notifies procedure for collection of special excise duty on imported goods
  • FBR achieves historic Rs13 trillion annual tax collection milestone in FY2025-26
  • MTO Karachi posts record Rs42.21bn tax collection in June 2026
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