Karachi, June 8, 2025 — The Overseas Investors Chamber of Commerce and Industry (OICCI) has raised serious concerns over the mounting economic damage inflicted on Pakistan due to illicit and undocumented trade with India.
(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 giants pressure Pakistan to slash tobacco taxes in budget
Karachi, June 8, 2025 — As the countdown to Budget 2025-26 intensifies, foreign tobacco players have launched a high-stakes pressure campaign on Pakistan, demanding the government roll back tax rates on deadly tobacco products — a move that could spell disaster for public health and national finances alike.
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Engro Fertilizers announces unscheduled shutdown of EnVen plant
Karachi, June 5, 2025 – Engro Fertilizers Limited, one of Pakistan’s leading fertilizer manufacturers, has announced an unscheduled shutdown of its EnVen plant due to maintenance requirements.
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Pakistan reports 26% YoY surge in trade deficit in May 2025
Islamabad, June 4, 2025 – Pakistan has reported that trade deficit rose sharply by 26% year-on-year in May 2025, mainly due to a notable decline in exports.
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Confusion over stock declaration halts sales tax filing: PCDMA
Karachi, June 4, 2025 – The Pakistan Chemical and Dyes Merchants Association (PCDMA) has raised serious concerns about difficulties faced by traders in filing their sales tax returns, following a new requirement introduced by the Federal Board of Revenue (FBR).
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KCCI urges reduction in gas prices to safeguard industrial sector
Karachi, June 4, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to immediately reconsider and reduce gas prices in order to safeguard the country’s struggling industrial sector and support sustainable economic growth.
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Thousands jobless as Utility Stores restructuring accelerates rapidly
ISLAMABAD: The government has closed down 1,925 loss-making Utility Stores across Pakistan, resulting in the termination of 4,060 employees. This move is part of a major restructuring plan for the Utility Stores Corporation (USC) aimed at cutting costs and preparing the organization for privatization.
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APTMA demands immediate removal of yarn, fabric from EFS
KARACHI – The All Pakistan Textile Mills Association (APTMA) has strongly urged the federal government to immediately remove yarn and fabric from the Export Facilitation Scheme (EFS), warning that their continued inclusion is severely damaging Pakistan’s domestic textile industry and distorting market competition.
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KCCI endorses faceless customs, calls nationwide implementation
Karachi, June 1, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has extended its full support for the Faceless Customs Assessment (FCA) system and has urged the federal government to accelerate its expansion across all ports and customs stations in Pakistan.
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KCCI demands subsidy release for incremental power consumption
Karachi, May 30, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has called on the federal government to urgently release the long-delayed subsidy related to incremental electricity consumption, which is critical for the survival and growth of Karachi’s industrial sector.
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