Islamabad, October 14, 2025 — Pakistan and Vietnam on Tuesday officially launched negotiations on a Preferential Trade Agreement (PTA), marking a new era of economic partnership and regional cooperation between the two nations.
(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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PCDMA seeks 2025 return filing extension to Nov 30
Karachi, October 14, 2025 — The Pakistan Chemicals & Dyes Merchants Association (PCDMA) has urged the Federal Board of Revenue (FBR) to extend the income tax return filing deadline from October 15 to November 30, 2025.
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Bilwani resigns as KCCI president; Hanif takes charge
Karachi, October 14, 2025 – The Executive Committee of the Karachi Chamber of Commerce and Industry (KCCI) has officially accepted the resignation of Muhammad Jawed Bilwani, who stepped down from his role as President along with Senior Vice President Zia ul Arfeen and Vice President Faisal Khalil Ahmed.
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FPCCI seeks relief in 2025 return deadline to Oct 31
Karachi, October 13, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called upon the Federal Board of Revenue (FBR) to extend the income tax return filing deadline for Tax Year 2025 to October 31, 2025, in order to ease the growing difficulties faced by taxpayers and businesses.
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KCCI seeks PM’s intervention on overcharged gas bills
Karachi, October 11, 2025 — The Karachi Chamber of Commerce and Industry (KCCI) has appealed to Prime Minister Muhammad Shehbaz Sharif to take urgent notice of what it calls miscalculated and inflated gas bills issued to industrial consumers this month.
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International Steels issues statement on CCP penalty
Karachi, October 9, 2025 – International Steels Limited (ISL) on Thursday released an official statement in response to the monetary penalty imposed by the Competition Commission of Pakistan (CCP).
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CCP fines steel mills Rs1.5bn for cartelization
Islamabad, October 8, 2025 — The Competition Commission of Pakistan (CCP) has imposed monetary penalties totaling Rs1.5 billion on Aisha Steel Mills Limited (ASML) and International Steels Limited (ISL) after finding both companies guilty of cartelization and price-fixing in violation of Section 4 of the Competition Act, 2010.
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PBC points out tax credit miscalculation in 2025 returns
Karachi, October 8, 2025 – The Pakistan Business Council (PBC) has raised concerns over an error in the calculation of tax credit on the Federal Board of Revenue’s (FBR) IRIS portal used for filing 2025 income tax returns.
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Saudi business delegation arrives in Pakistan to boost trade ties
Islamabad, October 7, 2025 – A high-profile business delegation from Saudi Arabia, headed by Prince Mansour bin Mohammad Al Saud, Chairman of the Saudi-Pakistan Joint Business Council, arrived in Islamabad to strengthen bilateral trade and investment relations between the two nations.
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AI Surge and Imports Boost Global Trade in 2025
Global merchandise trade performed stronger than expected in the first half of 2025, mainly due to booming demand for artificial intelligence (AI) products, early import activity ahead of tariff hikes, and steady trade among emerging economies.
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