Karachi, March 3, 2026 – The Board of Directors of Citi Pharma Limited has approved the initiation of an Initial Public Offering (IPO) of its wholly owned subsidiary, Citi Veterinary Pharma Limited, aiming to raise up to Rs2 billion.
(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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Pakistan’s trade deficit balloons 25% in first eight months of FY26
Islamabad, March 2, 2026 – Pakistan’s trade deficit surged by 25% to $25.04 billion during the first eight months (July–February) of fiscal year 2025-26, compared to $20 billion in the same period last year, official data revealed on Monday.
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Pakistan corporates push IMF to axe super tax, boost business growth
Islamabad: Leading corporate bodies of Pakistan have urged the International Monetary Fund (IMF) to help abolish the super tax, reduce corporate tax in a phased manner, and rationalize advance and withholding taxes to ease the burden on compliant businesses and revive economic growth.
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FBR Chairman, Islamabad Chamber discuss super tax, refunds and POS integration
Islamabad, February 28, 2026 – An 18-member delegation of the Islamabad Chamber of Commerce and Industry (ICCI), led by its President Sardar Tahir Mahmood, held a detailed meeting with Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial at the FBR Headquarters to discuss key taxation and business facilitation issues.
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LCCI Expresses Full Support to Pakistan Armed Forces Amid Afghan Tensions
Lahore, February 28, 2026 – The Lahore Chamber of Commerce and Industry (LCCI) on Saturday expressed unwavering solidarity with the Pakistan Armed Forces against recent incursions and aggression originating from Afghanistan.
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SITE industrialists honor Lt. Col. Shahzada Gulfraz Shaheed, propose martyrs’ support fund
Karachi, February 28, 2026: The SITE Association of Industry (SAI) recently held a solemn gathering to pay tribute to Lt. Col. Shahzada Gulfraz Shaheed, who laid down his life while combating the Indian proxy group, Khwarij, in Bannu District. Industrialists and business leaders reaffirmed their commitment to supporting the Pakistan Armed Forces and ensuring that the sacrifices of martyrs are never forgotten.
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Power Division clarifies confusion over PM’s electricity relief package
Islamabad, February 27, 2026 – The Power Division on Friday issued a formal clarification to address public confusion arising from recent media reports that linked the Fuel Cost Adjustment (FCA) with the electricity relief package announced by the Prime Minister. Officials emphasized that the two are entirely separate components within the tariff determination framework and have no direct connection.
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KCCI endorses “one-city, one-chamber” principle amid TORs debate
Karachi, February 26, 2026 – The Karachi Chamber of Commerce & Industry (KCCI) has reaffirmed its support for the principle of “one-city, one-chamber,” clarifying that the proposed Trade Organizations Rules 2013 Amendment Bill is purely clarificatory and designed to ensure unified citywide representation for Karachi.
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Pakistan’s poverty and inequality hit alarming levels, warns Khurram Ijaz
Karachi, February 25, 2026 – Khurram Ijaz, Secretary General of the Businessmen Panel Progressive (BMPP) and former vice president of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has expressed deep concern over the latest planning ministry survey, highlighting the severe economic challenges facing Pakistan.
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OICCI pushes for tax refunds and investor-friendly reforms with IMF
Karachi, February 26, 2026 – The Overseas Investors’ Chamber of Commerce and Industry (OICCI) on Thursday held detailed discussions with a visiting International Monetary Fund (IMF) delegation on pending tax refunds and key policy challenges facing foreign investors in Pakistan.
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