Karachi, December 10, 2024 – A Chinese company has taken a significant step toward fostering industrial collaboration by exploring a joint venture (JV) to manufacture tyres in Pakistan.
(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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KE Faces Strong Reaction from Traders
KARACHI: Traders in the city have issued a stern warning to K-Electric (KE) against recovering its outstanding dues of Rs68 billion from compliant bill-paying citizens and businesses, threatening widespread protests if such an attempt is made.
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APTMA Sounds Alarm on EFS Misuse Causing Shutdowns
Karachi, December 9, 2024 – The All Pakistan Textile Mills Association (APTMA), Southern Region, has expressed grave concerns over the widespread misuse of the Export Facilitation Scheme (EFS), which grants exemptions from sales tax and duties on imported cotton and blended yarns. This malpractice is causing severe damage to Pakistan’s textile industry, leading to significant financial losses, widespread unemployment, and closures of domestic manufacturing units.
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Tobacco Industry Manipulation Threatens Public Health Progress
Experts at a stakeholder seminar on Sunday underscored the manipulative strategies employed by the tobacco industry, disguised as corporate initiatives, to shape public opinion and obstruct progress in public health.
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Rising Cyberattacks – LCCI Calls for Urgent Prevention
Lahore, December 7, 2024 – The Lahore Chamber of Commerce and Industry (LCCI) has raised alarm over the escalating frequency of cyberattacks, which are wreaking havoc on businesses and the economy. LCCI officials stressed the urgent need for a robust cybersecurity framework to safeguard digital platforms.
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FIA Calls for Urgent Cybersecurity Upgrades in Pakistani Banks
KARACHI: Banks in Pakistan must urgently enhance their cybersecurity systems to counter rising cyber threats, according to Mujahid Akbar, Additional Director General of the Federal Investigation Agency (FIA). Addressing a briefing at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Akbar underscored the critical need for robust cybersecurity measures across financial and institutional sectors.
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Cybercrimes Impacting Pakistan’s Digital Economy: FPCCI
Karachi, December 6, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Friday raised concerns over the growing menace of cybercrimes, warning that such activities are adversely affecting Pakistan’s digital economy.
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PSW Shares Upcoming Integrations for Swift Clearance
Karachi, December 5, 2024 – Pakistan Single Window (PSW) has announced a series of initiatives aimed at streamlining processes and integrating various organizations and stakeholders to ensure swift and efficient clearance for businesses. These efforts are designed to simplify the clearance procedures for the trade community by enhancing coordination between regulatory bodies, service providers, and other key players.
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Aurangzeb Pledges Solutions for American Business Council
Islamabad, December 4, 2024 – Finance Minister Muhammad Aurangzeb assured the American Business Council (ABC) of the government’s commitment to addressing issues affecting their operations in Pakistan, reaffirming efforts to bolster foreign investment and economic ties with the United States.
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Citi Pharma Pioneers API Manufacturing in Indonesia
Karachi, December 3, 2024 – Citi Pharma Limited has announced a landmark partnership with Mersi Farma, a leading pharmaceutical company based in Indonesia, to advance Active Pharmaceutical Ingredient (API) manufacturing and expand the nutraceutical market in Indonesia.
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