The Karachi Chamber of Commerce and Industry (KCCI) has enthusiastically welcomed the government’s decision to implement a significant reduction in electricity tariffs. This major step, announced by Prime Minister Shehbaz Sharif, comes as a crucial relief for both industrial and domestic consumers, easing the financial strain caused by high energy costs.
(more…)Category: Trade & Industry
This section covers news on trade and industry. Pakistan Revenue is committed to providing the latest updates on business trends.
-
Philip Morris Pakistan Reports 77.5% Surge in Turnover for CY24
Karachi, April 3, 2025 – Philip Morris (Pakistan) Limited has reported an exceptional 77.5% increase in turnover for the fiscal year ending December 31, 2024.
(more…) -
Unresolved System Errors Stall Sales Tax Return Process
Karachi, March 27, 2025 – Taxpayers across Pakistan continue to face difficulties in filing their sales tax returns as persistent technical glitches on the IRIS portal of the Federal Board of Revenue (FBR) remain unresolved, despite an extended deadline.
(more…) -
Philip Morris (Pakistan) Sees 32% Drop in CY24 Profit
Karachi, March 27, 2025 – Philip Morris (Pakistan) Limited (PMPK) has reported a significant 32% decline in its annual profit after tax for the financial year ending December 31, 2024.
(more…) -
Pakistani Exporters Strengthen Trade Prospects in Saudi Arabia
Islamabad, March 26, 2025 – A delegation of Pakistani exporters has returned home after a highly productive month-long visit to Saudi Arabia, where they explored new trade opportunities and deepened business ties.
(more…) -
Nestlé Pakistan Attributes CY24 Revenue Decline to Higher GST
Karachi, March 26, 2025 – Nestlé Pakistan has attributed its revenue decline for the calendar year 2024 to the higher rate of General Sales Tax (GST). The company cited the increased tax burden as a key factor impacting its financial performance.
(more…) -
OGDCL Shares Major Updates on Reko Diq Gold Project
Karachi, March 25, 2025 – The Oil and Gas Development Company Limited (OGDCL) has provided a significant update on the progress of the Reko Diq gold and copper project, a major mining initiative in Pakistan.
(more…) -
Lowering Tax Targets to Ease Burden on Industry: KATI
Karachi, March 24, 2025 – The Korangi Association of Trade and Industry (KATI) has welcomed the reduction in the tax target for the fiscal year 2024-25, considering it a crucial step to alleviate the burden on the industrial sector. KATI emphasized that such measures would contribute to economic stability and business sustainability.
(more…) -
SDPI Unmasks Tobacco Industry’s Economic Manipulations
Islamabad, March 24, 2025 – Dr. Waseem Iftikhar Janjua, Senior Advisor at the Sustainable Development Policy Institute (SDPI), has raised serious concerns regarding the manipulative tactics employed by the tobacco industry, particularly in tax evasion and policy influence.
(more…) -
GlaxoSmithKline Reports Record-Breaking 1124% PAT Surge
Karachi, March 24, 2025 – GlaxoSmithKline Pakistan Limited has announced an extraordinary surge in its profit after tax (PAT), registering a staggering 1124% increase for the year ending December 31, 2024.
(more…)