Karachi, March 4, 2025 – The Directorate General of Trade Organizations (DGTO) has declared the elections of the Karachi Chamber of Commerce and Industry (KCCI) for the term 2024-26 as null and void due to serious legal objections raised by a complainant.
(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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Gatron Challenges Supreme Court Ruling in Tax Credit Case
Karachi, March 4, 2025 – Gatron (Industries) Limited has filed a review petition against the recent Supreme Court of Pakistan ruling in the tax credit case, aiming to secure its claim over investment-related tax benefits.
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Cotton Output Crisis Deepens in Pakistan: PCGA
Lahore, March 4, 2025 – Pakistan’s cotton production crisis has worsened, exerting immense pressure on the national economy, textile industry, and millions of farmers dependent on cotton cultivation. The Pakistan Cotton Ginners Association (PCGA) has reported a drastic decline in cotton output, highlighting a serious challenge for the sector.
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FPCCI Proposes Abolishing Withholding Tax on Sales to Retailers
Karachi, March 2, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed the removal of withholding tax on sales to retailers, arguing that the measure will facilitate business growth and ease the tax burden on traders.
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PTC Reports Rs 355 Billion in Cigarette Sales for 2024
Karachi, February 28, 2025 – Pakistan Tobacco Company (PTC) has reported cigarette sales worth Rs 355 billion for the financial year ending December 31, 2024.
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Fixed Tax for Traders Suggested After Scheme Failure
Karachi, February 28, 2025 – The business community has strongly advocated for a fixed tax regime for traders following the failure of the Tajir Dost Scheme (TDS) to yield the desired results.
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PYMA, NTC Discuss Challenges Facing the Textile Sector
Karachi, February 27, 2025 – A high-level delegation from the National Tariff Commission (NTC), led by Chairman Naeem Anwer, visited the Pakistan Yarn Merchants Association (PYMA) to engage in in-depth discussions regarding the pressing challenges facing the textile sector.
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KCCI to Discuss Issues Related to SRO 55 with FBR
Karachi, February 27, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has urged its members to actively participate in discussions regarding SRO 55 by submitting their recommendations.
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Korea-Pakistan EPA Negotiations Expected Soon: Korean Envoy
KARACHI: The Ambassador of the Republic of Korea, Park Ki Jun, has indicated that negotiations for the Korea-Pakistan Economic Partnership Agreement (EPA) are expected to commence in the first half of this year. This development is set to lay a strong institutional foundation for enhancing economic exchanges between the two nations and fostering deeper trade relations.
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Citi Pharma Completes First-Ever Export to MENA Region
Karachi, February 27, 2025 – Citi Pharma Limited has announced the successful completion of its first-ever export to the MENA (Middle East and North Africa) Region, marking a significant milestone in its international expansion strategy.
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