In a fiery response to the unveiling of the Federal Budget 2025-26, the Karachi Chamber of Commerce and Industry (KCCI) has slammed the government’s fiscal roadmap as nothing more than a “camouflage”—a deceptive mirage shrouding the painful realities and unrealistic ambitions for the coming year.
(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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LSM registers third consecutive annual decline in 2024-25
Islamabad, June 9, 2025 – Large Scale Manufacturing (LSM) has posted its third straight year of negative growth, marking a continuing trend of contraction within Pakistan’s industrial landscape, according to the Economic Survey of Pakistan 2024-25 released on Monday.
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FPCCI calls for abolition of Section 7E to prevent capital flight
Karachi, June 9, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has made a strong appeal to the government to abolish Section 7E of the Income Tax Ordinance, 2001 in the upcoming federal budget for 2025–26.
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FPCCI urges elimination of further tax in FY26 budget
Karachi, June 9, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has made a strong appeal to the government to abolish the “further tax” imposed under the Sales Tax Act in the upcoming federal budget for 2025–26.
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Illicit trade with India draining Pakistan economy: OICCI
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.
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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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