In a significant move to uplift Pakistan’s beverage industry, the Fruit Juice Council has proposed a reduction in tariffs aimed at enhancing exports and empowering the formal sector.
(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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SAI Demands End to Discriminatory Electricity Tariff in Karachi
Karachi, April 7, 2025 – The SITE Association of Industry (SAI) has strongly urged the federal government to eliminate the long-standing disparity in electricity tariffs between Karachi and other cities.
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UBG Demands Immediate Cut in Oil Prices Amid Global Drop
KARACHI, April 6, 2025 – The United Business Group (UBG) has strongly urged the government to bring down petroleum prices in Pakistan, aligning them with the recent global decline in crude oil prices.
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PTC Highlights TTS Failures in Tackling Illicit Tobacco Trade
Pakistan Tobacco Company (PTC) has expressed concerns that the implementation of the Track and Trace System (TTS) has not been effective in curbing the illicit trade of cigarettes as originally intended.
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KATI Welcome Electricity Tariff Cut, Terms Positive Step
Karachi, April 3, 2025 – The Korangi Association of Trade and Industry (KATI) has strongly welcomed the government’s decision to implement a major reduction in electricity tariffs.
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KCCI Applauds Major Electricity Tariff Reduction for Industries
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.
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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.
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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.
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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.
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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.
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