Karachi, October 16, 2025 — The Karachi Chamber of Commerce & Industry (KCCI), along with representatives from all seven industrial town associations and textile exporters’ bodies, has strongly urged Prime Minister Shehbaz Sharif to immediately freeze the controversial gas levy that has triggered widespread outrage among industries.
(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 textile exports hit $4.77 billion in 1QFY26
Karachi, October 16, 2025 – Pakistan’s textile exports surged to $4.77 billion during the first quarter (July–September) of the current fiscal year 2025–26, according to the latest data released by the Pakistan Bureau of Statistics (PBS) on Thursday.
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Pakistan and Vietnam launch PTA talks for stronger trade ties
Islamabad, October 14, 2025 — Pakistan and Vietnam on Tuesday officially launched negotiations on a Preferential Trade Agreement (PTA), marking a new era of economic partnership and regional cooperation between the two nations.
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PCDMA seeks 2025 return filing extension to Nov 30
Karachi, October 14, 2025 — The Pakistan Chemicals & Dyes Merchants Association (PCDMA) has urged the Federal Board of Revenue (FBR) to extend the income tax return filing deadline from October 15 to November 30, 2025.
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Bilwani resigns as KCCI president; Hanif takes charge
Karachi, October 14, 2025 – The Executive Committee of the Karachi Chamber of Commerce and Industry (KCCI) has officially accepted the resignation of Muhammad Jawed Bilwani, who stepped down from his role as President along with Senior Vice President Zia ul Arfeen and Vice President Faisal Khalil Ahmed.
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FPCCI seeks relief in 2025 return deadline to Oct 31
Karachi, October 13, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called upon the Federal Board of Revenue (FBR) to extend the income tax return filing deadline for Tax Year 2025 to October 31, 2025, in order to ease the growing difficulties faced by taxpayers and businesses.
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KCCI seeks PM’s intervention on overcharged gas bills
Karachi, October 11, 2025 — The Karachi Chamber of Commerce and Industry (KCCI) has appealed to Prime Minister Muhammad Shehbaz Sharif to take urgent notice of what it calls miscalculated and inflated gas bills issued to industrial consumers this month.
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International Steels issues statement on CCP penalty
Karachi, October 9, 2025 – International Steels Limited (ISL) on Thursday released an official statement in response to the monetary penalty imposed by the Competition Commission of Pakistan (CCP).
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CCP fines steel mills Rs1.5bn for cartelization
Islamabad, October 8, 2025 — The Competition Commission of Pakistan (CCP) has imposed monetary penalties totaling Rs1.5 billion on Aisha Steel Mills Limited (ASML) and International Steels Limited (ISL) after finding both companies guilty of cartelization and price-fixing in violation of Section 4 of the Competition Act, 2010.
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PBC points out tax credit miscalculation in 2025 returns
Karachi, October 8, 2025 – The Pakistan Business Council (PBC) has raised concerns over an error in the calculation of tax credit on the Federal Board of Revenue’s (FBR) IRIS portal used for filing 2025 income tax returns.
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