Karachi, September 28, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Friday urged the government to extend the deadline for filing income tax returns by a clear 30 days, citing technical challenges and system inefficiencies.
(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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SAI Elects Office Bearers for 2024-26 Term
KARACHI: The Election Commission of the SITE Association of Industry (SAI), chaired by Muhammad Tariq Yousuf, has announced the unopposed election of key office bearers for the 2024-26 term. Ahmed Azeem Alvi has been elected President, Khalid Riaz as Senior Vice President, and Muhammad Riaz Dhedhi as Vice President.
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KCCI Demands One-Month Extension in Return Filing Deadline
Karachi, September 25, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has formally requested the Federal Board of Revenue (FBR) to extend the deadline for filing income tax returns for the tax year 2024.
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FPCCI Rejects FBR’s Anti-Business Tax Collection Plan
Karachi, September 25, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) voiced strong opposition on Wednesday to the Federal Board of Revenue’s (FBR) proposed tax collection strategies, criticizing them as detrimental to business interests. FPCCI President Atif Ikram Sheikh condemned any efforts by the FBR to boost revenue through measures perceived as anti-business, urging for a more inclusive, consultative process with key stakeholders.
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TOMCL Secures $12 Million Frozen Beef Export Deal with China
Karachi, September 24, 2024 – The Organic Meat Company Limited (TOMCL) has announced a major breakthrough in its international operations, securing a significant contract worth $12 million to supply frozen cooked beef meat to China.
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Qureshi Elected President of Islamabad Chamber of Commerce
Islamabad, September 22, 2024 – Nasir Mansoor Qureshi has been elected as the new president of the Islamabad Chamber of Commerce and Industry (ICCI), marking a new chapter for the business community of the capital.
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EDF Approves Rs 20 Billion Proposals to Boost Export Growth
Islamabad, September 22, 2024 – In a significant push for Pakistan’s export sector, the Export Development Fund (EDF) has approved 20 key proposals worth Rs 8.5 billion across industries including textiles, agriculture, gems and jewelry, defense, and global branding initiatives. These initiatives aim to drive export growth and enhance Pakistan’s presence on the international stage.
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BMG Sweeps KCCI Elections 2024-26
Karachi, September 22, 2024 – In a resounding victory, the Businessmen Group (BMG) has once again secured a landmark win in the elections of the Karachi Chamber of Commerce and Industry (KCCI) for the 2024-26 term.
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CCP Takes Action Against Misleading Retailer Discounts
The Competition Commission of Pakistan (CCP) has taken steps to address deceptive discount advertising practices among retailers, issuing notices to 20 brands involved in misleading “up to a percentage” discount offers during their “End of Season Sales.”
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Citi Pharma Becomes Pakistan’s First Nutraceutical Exporter to US
Lahore, September 20, 2024 — In a historic achievement, Citi Pharma Limited has announced its entry into the U.S. market, becoming Pakistan’s first exporter of nutraceutical products to the United States. The announcement, made in a statement on Friday, marks a significant milestone in the country’s pharmaceutical industry.
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