KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) has strongly urged the National Electric Power Regulatory Authority (NEPRA) to put on hold the proposed hike in security deposit rates by Distribution Companies (DISCOs) until full transparency is ensured and an inclusive consultation process is undertaken with all stakeholders.
(more…)Category: Trade & Industry
This section covers news on trade and industry. Pakistan Revenue is committed to providing the latest updates on business trends.
-
Lowering Tax Rates Essential for Investment Growth: FCCI
Faisalabad, February 8, 2025 – The Faisalabad Chamber of Commerce and Industry (FCCI) has reiterated its call for reducing tax rates to attract both local and foreign investment, emphasizing that a lower tax burden is crucial for economic growth and development.
(more…) -
SAI Urges Pakistan to Capitalize on US Tax Measures
Karachi, February 8, 2025 – The Site Association of Industry (SAI) has advised the Pakistan government to take advantage of recent tax measures introduced by the United States against various countries.
(more…) -
KATI welcomes agricultural income tax bill approval in Sindh
Karachi, February 4, 2025 – The Korangi Association of Trade and Industry (KATI) has expressed strong support for the Sindh government’s approval of the Agricultural Income Tax (AIT) Bill, calling it a major step toward expanding the province’s tax base and fostering a more equitable tax distribution system.
(more…) -
Cement offtake surges 14.08% year-on-year in January 2025
February 3, 2025 – The cement industry in Pakistan experienced significant growth in January 2025, with total cement despatches increasing by 14.08% compared to the same month last year, according to data released by the All Pakistan Cement Manufacturers Association (APCMA).
(more…) -
PCDMA highlights complexities in SRO 55 issued by FBR
Karachi, February 3, 2025 – The Pakistan Chemical and Dyes Merchants Association (PCDMA) has expressed concerns over the complexities arising from SRO 55(I)/2025, issued by the Federal Board of Revenue (FBR), and its potential impact on traders.
(more…) -
Pakistan’s exports surge 10% to $19.55 billion 7MFY25
Islamabad, February 3, 2025 – Pakistan’s exports have experienced a significant boost, rising by 10% to reach $19.55 billion during the first seven months (July – January) of fiscal year 2024-25, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday.
(more…) -
FPCCI supports proposed tax package for property sector
Karachi, February 3, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has extended its full support to the proposed tax package for the property sector, emphasizing its potential to stimulate housing and construction activities across the country.
(more…) -
PBC urges crackdown on illicit funds in real estate sector
The Pakistan Business Council (PBC) has called on Prime Minister Shehbaz Sharif to take decisive action against black money in the real estate sector and establish a fairer competitive environment between the informal and formal sectors.
(more…) -
New Conditions Make Sales Tax Return Filing Impossible: KCCI
Karachi, January 30, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has raised serious concerns over the newly introduced conditions by the Federal Board of Revenue (FBR), stating that these measures have made sales tax return filing nearly impossible for traders and small businesses.
(more…)