Karachi – The Pakistan Business Forum (PBF) has called on traders and shopkeepers across the country to fulfill their tax obligations, emphasizing the importance of increased tax collection for long-term economic stability.
(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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FPCCI Announces Launch of Modern Digital Media Channel
Karachi, September 5, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) announced the launch of a modern digital media platform aimed at addressing key economic, social, and societal issues.
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KCCI Pushes for Drastic Rate Cut to 14.5% in Next MPS
Karachi, September 4, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has issued a fervent call for a decisive 500-basis-point reduction in the key policy rate, urging the State Bank of Pakistan (SBP) to slash the rate from the current 19.5% to 14.5% in the forthcoming Monetary Policy Statement (MPS).
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KCCI Demands NEPRA Hearing to Address Pressing KE Issues
Karachi, September 3, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the National Electric Power Regulatory Authority (NEPRA) to convene an urgent hearing to address the mounting concerns related to K-Electric (KE).
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FPCCI Vehemently Rejects Mini Budget Plan
Karachi, September 3, 2024 — The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) issued a vehement denunciation on Tuesday against any potential plans to introduce a mini-budget aimed at generating additional tax revenue.
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Millat Tractors Limited Halts Sales Pending FBR Clarification
Karachi, September 3, 2024 – Millat Tractors Limited, one of Pakistan’s leading tractor manufacturers, announced on Tuesday that it will continue to restrict its sales until further notice, awaiting clarification from the Federal Board of Revenue (FBR) regarding the sales tax refund procedure and its applicability.
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Pakistan Reports 14% Surge in Exports During 2MFY25
Karachi, September 3, 2024 – Pakistan recorded a significant increase in its export earnings during the first two months (July–August) of the fiscal year 2024-25, showcasing a robust economic performance.
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Steel Sector Urges FBR for Swift Tax Exemption Action
Islamabad, September 3, 2024 – The steel industry has urged the Federal Board of Revenue (FBR) to promptly implement the budgetary decision to exempt sales tax on the sale or supply of local scrap.
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Iranian Oil Giant Urges Ban on Unofficial Pakistan Trade
KARACHI, August 30, 2024 – Reza Babak Afghahi, Chief Executive of Iranian Ta’min Petroleum & Petrochemical Investment Company (TAPPICO), emphasized the importance of eliminating unofficial trade between Iran and Pakistan, advocating for the enhancement of official trade channels.
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KATI Joins Forces with Traders in National Shutdown Protest
Karachi, August 27, 2024 – The Korangi Association of Trade and Industry (KATI) announced on Tuesday its support for the nationwide shutter down strike called by traders across Pakistan.
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