KARACHI – Abdul Razak Dawood, the Adviser to the Prime Minister on Commerce and Textile, announced on Saturday that the Pakistani government is set to review 7,000 customs tariff lines as part of a comprehensive new national tariff policy.
(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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PBC resents restoration of final tax regime for commercial importers
The business association representing multinational companies (MNCs), the Pakistan Business Council (PBC), has strongly criticized the proposed restoration of the Final Tax Regime (FTR) for commercial importers, urging the government to reconsider its decision. The PBC’s concerns were voiced in response to the Finance Supplementary (Second Amendment) Bill of 2019.
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KCCI hopes reform package to boost industrialization
Karachi Chamber of Commerce and Industry (KCCI) has expressed hopes that reform package to boost industrialization.
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Phone tax ban hampers sales tax collection: SRB chairman
KARACHI – The imposition of restrictions on sales tax collection for telephone services by the Supreme Court of Pakistan has had a detrimental impact on overall revenue collection, as stated by Khalid Mahmood, Chairman of the Sindh Revenue Board (SRB).
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All Measures Will Be Taken Against Infiltration of Commodity Based Disease Into Pakistan: Quarantine Department
KARACHI – Dr. Falak Naz, the Director General (Quarantine) of the Department of Plant Protection (DPP), pledged to take all necessary measures to protect Pakistan from the infiltration of diseases through imported commodities.
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Export target of $27 billion to be achieved: Razak Dawood
Pakistan is on the verge of achieving its export target of $27 billion for the current fiscal year, as affirmed by Abdul Razak Dawood, the Adviser for Commerce, Textile, Industry & Production, and Investment.
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Govt. agrees to abolish withholding tax on cash withdrawal: KCCI
KARACHI: The government has agreed to abolish the withholding tax on cash withdrawals from bank accounts by filers.
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Cargill announces to invest $200 million to grow Pakistan business
Cargill, a prominent global player in the food and agriculture industry, has announced its ambitious plans to invest over $200 million in Pakistan over the next three-to-five years, according to a statement released on Thursday.
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Pakistan, Saudi businessmen sign pact to explore new trade opportunities
Pakistan and Saudi Arabia have taken a significant step toward enhancing their bilateral trade and economic ties as businessmen from both countries inked a pact to explore new opportunities for mutual benefit.
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FPCCI blames former government for misusing GIDC
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has blamed the former government for misusing Gas and Infrastructure Development Cess (GIDC) and urged the authorities to urgently address the persistent issue.
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