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…)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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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.
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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.
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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.
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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.
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Aurangzeb Sees Copper as Key to Pakistan’s Economic Takeoff
Lahore, April 12, 2025 – Finance Minister Senator Muhammad Aurangzeb has highlighted copper as a vital resource that could unlock a new era of economic dividends for Pakistan.
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MSPIDA Announces Protest Against K-Electric Over Loadshedding
Karachi, April 12, 2025 – The All Pakistan Motorcycle Spare Parts Importers and Dealers Association (MSPIDA) has announced its decision to launch a strong protest campaign against K-Electric due to ongoing, severe power outages that are crippling business activities in Karachi’s key motorcycle spare parts markets.
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SAI Proposes High-Level Panel to Tackle Rising US Tariffs
Karachi, April 12, 2025 – The Site Association of Industry (SAI) has called on the federal government to form a high-level panel comprising representatives from Pakistan’s key industrial cities to evaluate and respond to the recent 29% increase in tariffs imposed by the United States on Pakistani exports.
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Government Plans Tax Relief Despite IMF-Driven Constraints
Karachi, April 12, 2025 – Special Assistant to Prime Minister (SAPM) for Industries and Production Division, Haroon Akhtar Khan, unveiled an ambitious plan to reduce Pakistan’s corporate tax burden despite the constraints posed by the International Monetary Fund (IMF) program.
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KCCI Proposes Allowing Gold Exports with 20% Value Addition
Karachi, April 12, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the federal government to permit gold exports with at least 20% value addition, a move it believes will revitalize the stagnant precious metals sector and significantly boost export revenues.
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