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.
(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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Business Community Terms 2% Rate Cut Too Little
Karachi, September 12, 2024 – The business community in Pakistan has voiced its disappointment over the State Bank of Pakistan’s (SBP) decision to cut the key policy rate by 2%, terming it insufficient given the current economic conditions.
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MTO Karachi Urges ABAD to Pay FED on Properties
Karachi, September 11, 2024 – The Medium Taxpayers Office (MTO) Karachi has called upon members of the Association of Builders and Developers (ABAD) to comply with the newly implemented Federal Excise Duty (FED) on immovable properties.
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Indonesia Ready to Negotiate Free Trade Agreement with Pakistan
Islamabad, September 11, 2024: In a significant move towards strengthening bilateral economic ties, Indonesia has expressed its readiness to negotiate a Free Trade Agreement (FTA) with Pakistan. Rahmat Hindiarta Kusuma, the Charge d’Affaires of the Indonesian Embassy, conveyed this during his visit to the Islamabad Chamber of Commerce and Industry (ICCI) on Wednesday.
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KATI Demands Urgent Cut in Interest Rates
Karachi, September 6, 2024 – The Korangi Association of Trade and Industry (KATI) on Friday issued an urgent call for a reduction in interest rates, citing the recent drop in inflation. KATI President Johar Qandhari emphasized the need for a 4% cut in interest rates to align with the current inflation rate, which stands at 9%.
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National Foods Sees 26.35% Profit Decline Despite Strong Sales
Karachi, September 6, 2024 – National Foods Limited on Friday reported a significant 26.35% decline in net profit for the fiscal year ended June 30, 2024, despite robust sales growth.
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PBF Calls on Traders to Boost Economy with Tax Compliance
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.
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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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