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.
(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 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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PCDMA flags technical glitches in sales tax return filing
KARACHI, April 25, 2025 – The Pakistan Chemicals & Dyes Merchants Association (PCDMA) has raised serious alarms over the growing complications surrounding the filing of sales tax returns, citing newly introduced formats and technical glitches as major hurdles for taxpayers.
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KCCI seeks tax credit revival to stimulate industrial investment
Karachi, April 25, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly urged the Federal Board of Revenue (FBR) to reinstate the previously available tax credit under Section 65B of the Income Tax Ordinance, 2001, in a bid to encourage industrial investment and economic growth.
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Unilever Pakistan reports 8.24% decline in Q1 profit for 2025
KARACHI, April 24, 2025 — Unilever Pakistan Foods Limited has reported a decline in profitability for the first quarter of the calendar year 2025, posting an 8.24% drop in net profit compared to the same period last year.
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ICMAP calls for solar solutions to power woes
Karachi, April 23, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has issued an urgent call to action for the fast-tracked adoption of solar energy within Pakistan’s industrial sector.
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KCCI urges redefinition of withholding agent to ease tax burden
Karachi, April 23, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has recommended a critical reform in the country’s tax structure by suggesting changes to the existing definition of a withholding agent.
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PCDMA Seeks FTR Revival, Relief for Commercial Importers
Karachi, April 22, 2025 – The Pakistan Chemicals & Dyes Merchants Association (PCDMA) has submitted a detailed set of tax proposals for the upcoming 2025–26 federal budget, urging the Federal Board of Revenue (FBR) to revive the Final Tax Regime (FTR) specifically for commercial importers. The association emphasized that restoring this system would provide much-needed relief, simplify taxation, and strengthen trust between the government and the business community.
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Engro Fertilizers reports 63% decline in profit for 1QCY2025
Karachi, April 22, 2025 – Engro Fertilizers (EFERT), one of Pakistan’s leading fertilizer producers, reported a steep 63% year-on-year decline in its after-tax profit for the first quarter of calendar year 2025.
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