KARACHI, April 16, 2025 – The reopening of the Iraqi Consulate in Karachi after a 23-year hiatus marks a significant step toward enhancing economic, cultural, and diplomatic relations between Iraq and Pakistan.
(more…)Category: Trade & Industry
This section covers news on trade and industry. Pakistan Revenue is committed to providing the latest updates on business trends.
-
OICCI Calls for Unified Strategy to Transform Economy
Karachi, April 16, 2025 – In a bold call for economic reform, Yousaf Hussain, President of the Overseas Investors Chamber of Commerce and Industry (OICCI), stressed the need for a unified and future-oriented economic execution strategy to unlock Pakistan’s vast potential.
(more…) -
FPCCI Outlines Key Proposals for Budget 2025–26
Karachi, April 16, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday presented a comprehensive set of proposals for the upcoming federal budget 2025–26, calling it a decisive opportunity to shape the nation’s economic trajectory.
(more…) -
FPCCI Urges Removal of Anomalies in Tea Import Policy
Karachi, April 15, 2025 — The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called on the government to urgently address persistent anomalies in the tea import regime, which are adversely impacting tea traders and the broader supply chain.
(more…) -
KCCI Recommends Advance Tax Exemptions on FMCGs
Karachi, April 15, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to exempt fast-moving consumer goods (FMCGs) from advance tax collection under Sections 236G and 236H of the Income Tax Ordinance, 2001.
(more…) -
Ahsan Iqbal Urges Export-Led Growth, Calls for KCCI Partnership
KARACHI, April 14, 2025 – Federal Minister for Planning, Development & Special Initiatives Ahsan Iqbal has stressed the urgent need to transition Pakistan towards a sustainable, export-driven economy, cautioning that short-term growth reliant on consumption and imports leads to repeated cycles of instability.
(more…) -
18% GST Pushing Businesses to Evade, Warns PBC
Karachi, April 14, 2025 – The Pakistan Business Council (PBC) has raised serious concerns over the impact of the current 18% General Sales Tax (GST), stating that such a high rate in a largely undocumented economy creates a powerful incentive for tax evasion.
(more…) -
ABAD Lodges Strong Objection Against K-Electric
Karachi, April 14, 2025 – The Association of Builders and Developers of Pakistan (ABAD) has raised serious concerns against K-Electric, submitting a formal complaint to the National Electric Power Regulatory Authority (NEPRA) over what it terms a “discriminatory approach” in applying the diversity factor for power load assessments.
(more…) -
KCCI Seeks 0% VAT on Commercial Importers in Budget 2025-26
Karachi, April 13, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly urged the federal government to eliminate the Value Added Tax (VAT) for commercial importers in the forthcoming federal budget for the fiscal year 2025-26.
(more…) -
Business Leaders Urge Government to Freeze Petroleum Prices
Karachi, April 13, 2025 – In a significant proposal aimed at stabilizing Pakistan’s economy, the business community has called on the government to freeze petroleum prices for a full year.
(more…)