Karachi, May 8, 2025 — Special Assistant to the Prime Minister (SAPM) Haroon Akhtar Khan held a detailed virtual meeting with the leadership of the Karachi Chamber of Commerce and Industry (KCCI) via Zoom.
(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, RCCI lead unified business stand against tax ordinance
KARACHI: In a strong display of solidarity, the Karachi Chamber of Commerce and Industry (KCCI) and the Rawalpindi Chamber of Commerce and Industry (RCCI) have jointly voiced firm opposition to the Tax Ordinance (Amendment) 2025, calling it detrimental to business growth and investor confidence in Pakistan.
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SAI criticizes minimal rate cut, urges reduction to single digits
KARACHI: The SITE Association of Industry (SAI) has expressed strong dissatisfaction over the State Bank of Pakistan’s (SBP) recent decision to cut the benchmark policy rate by just 1%, terming the move inadequate and disconnected from the economic needs of the industrial sector.
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RCCI opposes FBR authority to seize bank accounts
Rawalpindi, May 5, 2025 – The Rawalpindi Chamber of Commerce and Industry (RCCI) has voiced strong opposition to the sweeping powers granted to the Federal Board of Revenue (FBR) through a newly promulgated tax ordinance, warning that such unchecked authority could gravely undermine business confidence and economic activity.
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Tax Laws (Amendment) Ordinance 2025 unconstitutional: KATI
KARACHI, May 5, 2025 – The Korangi Association of Trade and Industry (KATI) has vehemently rejected the recently enacted Tax Laws (Amendment) Ordinance 2025, branding it as unconstitutional, anti-business, and a grave threat to economic stability.
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PCDMA rejects Tax Laws (Amendment) Ordinance 2025
KARACHI, May 5, 2025 – The Pakistan Chemicals & Dyes Merchants Association (PCDMA) has strongly opposed the recently promulgated Income Tax Laws (Amendment) Ordinance 2025, calling it a draconian measure that threatens to cripple business confidence and economic stability.
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KCCI slams modest 1% policy rate cut as inadequate
Karachi, May 5, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has voiced strong dissatisfaction over the State Bank of Pakistan’s (SBP) decision to cut the benchmark policy rate by a mere 1%, reducing it from 12% to 11%.
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Jewelers blast new tax ordinance, warn of growing crisis
Islamabad, May 5, 2025 – President of the All Pakistan Sarafa Gems and Jewelers Association, Qasim Shikarpuri, has strongly criticized the government’s latest economic policies, calling them a fresh assault on the already struggling business community.
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KCCI rejects new tax ordinance, urges immediate withdrawal
Karachi, May 4, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly denounced the recently promulgated Tax Laws (Amendment) Ordinance, 2025, calling it undemocratic and detrimental to business confidence.
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SMEDA Board approves comprehensive revamping plan
The Board of Directors of the Small and Medium Enterprises Development Authority (SMEDA) has officially approved the Implementation Plan for SMEDA’s comprehensive revamping during its 30th meeting held on Sunday.
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