Pakistan Revenue
Karachi, April 15, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to exempt fast-moving consumer goods (FMCGs) from advance tax collection under Sections 236G and 236H of the Income Tax Ordinance, 2001.
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KARACHI, April 14, 2025 – Federal Minister for Planning, Development & Special Initiatives Ahsan Iqbal has stressed the urgent need to transition Pakistan towards a sustainable, export-driven economy, cautioning that short-term growth reliant on consumption and imports leads to repeated cycles of instability.
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Karachi, April 14, 2025 – The Pakistan Business Council (PBC) has raised serious concerns over the impact of the current 18% General Sales Tax (GST), stating that such a high rate in a largely undocumented economy creates a powerful incentive for tax evasion.
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Karachi, April 14, 2025 – The Association of Builders and Developers of Pakistan (ABAD) has raised serious concerns against K-Electric, submitting a formal complaint to the National Electric Power Regulatory Authority (NEPRA) over what it terms a “discriminatory approach” in applying the diversity factor for power load assessments.
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Karachi, April 13, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly urged the federal government to eliminate the Value Added Tax (VAT) for commercial importers in the forthcoming federal budget for the fiscal year 2025-26.
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Karachi, April 13, 2025 – In a significant proposal aimed at stabilizing Pakistan’s economy, the business community has called on the government to freeze petroleum prices for a full year.
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Lahore, April 12, 2025 – Finance Minister Senator Muhammad Aurangzeb has highlighted copper as a vital resource that could unlock a new era of economic dividends for Pakistan.
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Karachi, April 12, 2025 – The All Pakistan Motorcycle Spare Parts Importers and Dealers Association (MSPIDA) has announced its decision to launch a strong protest campaign against K-Electric due to ongoing, severe power outages that are crippling business activities in Karachi’s key motorcycle spare parts markets.
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Karachi, April 12, 2025 – The Site Association of Industry (SAI) has called on the federal government to form a high-level panel comprising representatives from Pakistan’s key industrial cities to evaluate and respond to the recent 29% increase in tariffs imposed by the United States on Pakistani exports.
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Karachi, April 12, 2025 – Special Assistant to Prime Minister (SAPM) for Industries and Production Division, Haroon Akhtar Khan, unveiled an ambitious plan to reduce Pakistan’s corporate tax burden despite the constraints posed by the International Monetary Fund (IMF) program.
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