Karachi, January 27, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed its surprise and disappointment over the State Bank of Pakistan’s (SBP) decision to reduce the policy rate by just 100 basis points, despite the marked improvement in key economic indicators.
(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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KCCI Criticizes SBP’s Conservative 100bps Rate Reduction
Karachi, January 27, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) on Monday voiced its strong discontent over the State Bank of Pakistan’s (SBP) decision to implement a modest 100 basis points (bps) reduction in the benchmark policy rate, bringing it down from 13% to 12%.
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APTMA Opposes Gas Price Hike, Cites Export Risks
Karachi, January 27, 2025 – The All Pakistan Textile Mills Association (APTMA), Southern Zone, has termed the Economic Coordination Committee’s (ECC) recent decision to increase the gas tariff for Captive Power Plants (CPPs) from Rs. 3,000/MMBTU to Rs. 3,500/MMBTU as disastrous for the country’s textile exports. The textile industry, which accounts for 60% of Pakistan’s total exports, faces significant challenges due to this decision, APTMA emphasized.
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KCCI Urges SBP to Align Policy Rate With India and China
Karachi, January 25, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has called on the State Bank of Pakistan (SBP) to lower the benchmark policy rate to align with those of regional economic powerhouses like India and China.
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Audit Report Flags Financial Risks at Dewan Sugar Mills
Karachi, January 24, 2025 – Dewan Sugar Mills Limited, in its annual report for 2024 submitted to the Pakistan Stock Exchange (PSX), disclosed adverse observations by auditors concerning the company’s repayment capacity and financial health. These observations have raised significant concerns about the sustainability of the company’s operations.
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PTBA Decries Security Clearance Denials for Foreign Investors
Karachi, January 23, 2025 – The Pakistan Tax Bar Association (PTBA) has voiced profound apprehension over the rejection of security clearances for foreign investors. The association has formally reached out to Syed Mohsin Raza Naqvi, Federal Minister for Interior, highlighting the challenges these decisions pose to the country’s investment landscape.
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KATI Advocates Cut in Withholding Tax on Property Transactions
Karachi, January 22, 2025 – The Korangi Association of Trade and Industry (KATI) has strongly advocated for a reduction in withholding tax on property transactions to revitalize Pakistan’s struggling construction and housing sector.
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KCCI Urges Business Friendly Strategic Trade Policy Framework
KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) and the Pakistan Hosiery Manufacturers Association (PHMA) have jointly called on the government to draft a pro-business Strategic Trade Policy Framework (STPF) and Textile & Apparel Policy for the next five years. They emphasized that these policies must include actionable and realistic measures, avoiding the shortcomings of the 2020-25 policies, which failed to deliver on many of their promises.
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Pakistan’s Textile Exports Surpass $9 Billion in 1HFY25
Karachi, January 20, 2025 – Pakistan’s textile sector has achieved a significant milestone, recording over $9 billion in export earnings during the first half (July–December) of the current fiscal year 2024-25.
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FPCCI Expresses Concerns on Alarming Drop in Cotton Production
Karachi, January 18, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has raised serious concerns over the drastic decline in cotton production, warning of its potential impact on the economy, especially the country’s textile exports.
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