KARACHI, May 30, 2025 — The Pakistan Chemicals & Dyes Merchants Association (PCDMA) has voiced strong concern over the increasing misuse of the Export Facilitation Scheme (EFS), warning that unchecked exploitation of the policy could devastate small and medium enterprises (SMEs) and severely impact government revenues.
(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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Independent audit to assess sugar production cost, stabilize market
Islamabad, May 28, 2025 – In a strategic move aimed at enhancing transparency and ensuring fair pricing in the sugar industry, the federal government and sugar millers have reached a consensus to engage independent auditors for the assessment of sugar production costs.
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UNISAME wants bold slash in income tax rates for struggling SMEs
KARACHI, May 28, 2025 — In a powerful and urgent appeal, the Union of Small and Medium Enterprises (UNISAME) has issued a clarion call to the government of Pakistan: slash the crushing income tax burden on SMEs or risk economic stagnation and collapse of this vital sector.
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WHO warns Pakistan: raise tobacco tax or face disaster
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.
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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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