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.
(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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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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Pakistan Plans New Steel Mill in Karachi with Russian Support
Islamabad, September 18, 2024 – Pakistan is set to establish a new steel mill in Karachi with cooperation from Russia, marking a significant stride in the country’s industrial development.
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Pakistan’s Food Exports Surge by 42% in July – August FY25
KARACHI, September 17, 2024 – Pakistan’s food exports witnessed an extraordinary 42% growth during the first two months of fiscal year 2024-25, according to data released by the Pakistan Bureau of Statistics (PBS). Food group exports reached a remarkable $1.01 billion from July to August 2024, compared to $711 million in the same period last year.
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Pakistan’s Textile Exports Rise 5.37% in First Two Months of FY25
Karachi, September 16, 2024 – Pakistan’s textile exports have witnessed a significant growth of 5.37% during the first two months (July–August) of the current fiscal year 2024-25, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday. The country’s textile exports reached $2.92 billion during this period, up from $2.77 billion in the corresponding months of the previous fiscal year.
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Site Association Demands Single-Digit Interest Rate
Karachi, September 13, 2024 – The Site Association of Industry (SAI) has urged the State Bank of Pakistan (SBP) to lower interest rates to a single digit, calling for a more aggressive approach to stimulate economic growth.
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PM Shehbaz Directs Measures to Boost SMEs Profitability
Islamabad, September 13, 2024 – Prime Minister Shehbaz Sharif has called for immediate measures to enhance the profitability of small and medium enterprises (SMEs), emphasizing their pivotal role in driving national economic growth.
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