Karachi, May 2, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly recommended the removal of the 5% regulatory duty on polyester yarn in its official tax proposals for the upcoming federal budget 2025–26.
(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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KCCI proposes action plan to curb under-invoicing in plastic imports
Karachi, May 1, 2025 — The Karachi Chamber of Commerce and Industry (KCCI) has submitted comprehensive recommendations to the government for the upcoming Budget 2025–26, addressing the growing issue of under-invoicing and misdeclaration on imported plastic, especially polyethylene and polypropylene products.
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Rice exporters urge tax relief, Aurangzeb promises consideration
Karachi, May 1, 2025 – Pakistan’s rice exporters have called on the government to offer tax incentives to strengthen the rice sector and boost foreign exchange earnings.
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CCP slaps Rs155 million fine for poultry cartelization
Islamabad, April 30, 2025 — In a major crackdown on anti-competitive behavior, the Competition Commission of Pakistan (CCP) has imposed a hefty penalty of Rs155 million on eight leading poultry hatcheries for cartelization and price-fixing in the market of day-old broiler chicks (DOCs).
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OICCI recommends phased super tax exit for growth
The Overseas Investors Chamber of Commerce and Industry (OICCI) has once again emphasized the need for a more stable and growth-oriented tax framework to attract foreign and local investment. As part of its budget recommendations, the OICCI has strongly urged the government to initiate a phased elimination of the super tax, proposing its complete removal over a span of three years.
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Unisame highlights urgent need for SME crisis planning
The Union of Small and Medium Enterprises (Unisame) has issued a strong call to action for Pakistan’s SME sector, urging businesses to enhance their crisis preparedness strategies in light of growing global economic uncertainties and geopolitical tensions.
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FPCCI warns of profound impact of US tariffs on Pakistan’s exports
Karachi, April 28, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed serious concern over the United States’ recent decision to impose a 29% tariff on Pakistani products, warning of a profound impact on the country’s export sector.
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Textile sector faces crisis amid Sindh road protests: PHMA
Karachi, April 28, 2025 – The Pakistan Hosiery Manufacturers & Exporters Association (PHMA) has issued a grave warning regarding the economic fallout caused by the prolonged closure of major highways across Sindh. In a strongly worded statement, PHMA highlighted that ongoing protests disrupting key transport routes leading to Karachi Port have brought the export sector to a virtual standstill.
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KCCI calls for tax relief for yarn traders in budget 2025-26
Karachi, April 27, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to introduce tax relief measures for yarn traders in the upcoming federal budget 2025-26, aiming to boost compliance and support growth within the sector.
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Pakistan Customs, KCCI strengthen collaboration to boost exports
KARACHI: In a concerted effort to invigorate Pakistan’s export sector, the Chief Collector of Pakistan Customs (Export), Mohammad Sadiq, reiterated the unwavering commitment of the Customs authorities to bolster trade operations through close collaboration with the Karachi Chamber of Commerce and Industry (KCCI).
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