Karachi, May 16, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has called for wide-ranging customs reforms aimed at curbing smuggling and strengthening Pakistan’s trade integrity.
(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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FBR notifies tax stamp pricing for cement manufacturers
Islamabad, May 16, 2025 – The Federal Board of Revenue (FBR) has officially announced the tax stamp pricing for cement manufacturers under its Track and Trace System (TTS), marking another key step in enhancing tax compliance and digital monitoring within the cement sector.
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CCP triumphs as tribunal backs penalty on Diamond Paints
Islamabad, May 15, 2025 — The Competition Appellate Tribunal (CAT) has affirmed the Competition Commission of Pakistan’s (CCP) decision in a high-profile deceptive marketing case against Diamond Paints.
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KCCI warns of nationwide protest over harsh tax laws
Karachi, May 15, 2025 — The Karachi Chamber of Commerce and Industry (KCCI) has issued a strong warning to the federal government, signaling the possibility of a nationwide protest if the newly introduced tax laws under the Tax Ordinance Amendment 2025 are not immediately withdrawn.
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Government moves toward tax relief on infant milk powder: minister
ISLAMABAD, May 15, 2025 — Federal Minister for National Food Security and Research, Rana Tanveer Hussain, has assured Nestlé Pakistan of the government’s firm commitment to reducing or eliminating taxes on infant milk powder, recognizing its critical role in child nutrition and development.
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Pakistan considers tax relief for tobacco sector in FY26 budget
The federal government is currently evaluating a proposal to extend significant tax relief to the tobacco sector in the forthcoming federal budget for the fiscal year 2025–26. Industry representatives have reportedly submitted two key demands: the creation of a third excise duty tier with a lower rate of Rs 2,525 per 1,000 cigarette sticks, and a reduction in the current federal excise duty (FED) from Rs 5,050 to Rs 3,800 per 1,000 sticks.
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Gem and jewellery exports grind to halt amid SRO suspension
Karachi, May 14, 2025 – Pakistan’s once vibrant gem and jewellery export sector has come to an abrupt standstill following a recent and unexpected move by the federal government.
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LCCI urges PM to withdraw FBR SROs impacting cement sector
LAHORE, May 13, 2025 — The Lahore Chamber of Commerce and Industry (LCCI) has strongly urged the Federal Board of Revenue (FBR) to withdraw two recently issued statutory regulatory orders (SROs) — SRO 578(I)/2025 and SRO 709(I)/2025 — which have sparked serious concern within the cement distribution sector.
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Russia to establish new steel mill in Karachi to boost bilateral ties
Islamabad, May 13, 2025 — In a significant step toward enhancing economic cooperation, Russia and Pakistan have agreed to establish a new steel mill in Karachi, reinforcing their growing bilateral relationship.
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Pakistan set to begin mango exports for 2025 season on May 25
Islamabad, May 13, 2025 — Pakistan is gearing up to begin its mango exports for the 2025 season on May 25, as announced by the Ministry of Commerce.
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