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…)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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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.
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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.
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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.
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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.
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Pakistan Bans Import of Polyol and Chlorodifluoroethanes
Islamabad, March 20, 2025 – Pakistan has officially imposed a ban on the import of polyol blended and chlorodifluoroethanes with immediate effect.
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KCCI Urges FBR to Extend Sales Tax Return Filing Deadline
Karachi, March 20, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has called upon the Federal Board of Revenue (FBR) to extend the sales tax return filing deadline due to technical issues affecting taxpayers on the IRIS portal.
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BMG, KCCI Celebrate Election Decision, Pledge Business Support
KARACHI: Chairman Businessmen Group (BMG) Zubair Motiwala and President Karachi Chamber of Commerce & Industry (KCCI) Jawed Bilwani have hailed the Secretary Commerce’s decision to suspend the DGTO’s order, effectively reinstating KCCI’s democratically elected Office Bearers and Managing Committee.
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MoC Suspends DGTO Orders Against KCCI Elections
Islamabad, March 19, 2025 – The Ministry of Commerce (MoC) has suspended the Directorate General of Trade Organizations’ (DGTO) order regarding the Karachi Chamber of Commerce and Industry (KCCI) elections until the next hearing scheduled for April 10, 2025.
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KCCI Seeks Extension to Membership Renewal Amid Eid Holidays
Karachi, March 19, 2025 – The Karachi Chamber of Commerce & Industry (KCCI) has officially requested an extension for the membership renewal deadline, citing disruptions caused by the upcoming Eid ul Fitr holidays.
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