Islamabad, August 16, 2024 – Prime Minister Shehbaz Sharif has announced a major overhaul of Pakistan’s gemstone industry to unlock its potential and enhance the country’s export capabilities.
(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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National Firewall Jeopardizes Pakistan’s IT Sector, FPCCI Warns
KARACHI, August 16, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has issued a grave warning regarding the implementation of the national firewall, stating that its adverse effects are poised to severely impact the country’s burgeoning IT industry.
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Slow Internet Sparks KCCI Concerns
Karachi, August 15, 2024 – The Karachi Chamber of Commerce & Industry (KCCI) has expressed grave concerns over the ongoing slow internet connectivity and frequent disruptions in accessing social media applications, which have been severely affecting business operations.
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FPCCI Blasts Harsh Taxation and Soaring Power Tariffs
Karachi, August 12, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has launched a fierce critique against the country’s harsh taxation policies and soaring electricity tariffs, calling for urgent reforms to alleviate the financial strain on businesses and the national economy.
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MTL Sounds Alarm: Unclear GST Risks Production Shutdown
Karachi, August 12, 2024 – Millat Tractors Limited (MTL) raised a critical red flag on Monday, warning that the ongoing ambiguity in General Sales Tax (GST) regime could compel the company to halt its production activities.
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Small Traders Launch Protest Against Advance Income Tax
Karachi, August 12, 2024 – In a bold move signaling rising discontent among Karachi’s small business community, traders have announced a major protest against the imposition of advance income tax on retail operations.
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Traders Decry Advance Income Tax as ‘Anti-Business’
Peshawar, August 12, 2024 – The traders of Peshawar have vocally opposed the recent advance income tax collection measures introduced by the Federal Board of Revenue (FBR). During a crucial meeting held recently under the leadership of Malik Mehr Elahi, President of the Khyber Pakhtunkhwa Trade Association, the business community came together to condemn the new tax policies, describing them as detrimental to the local economy and unfairly burdensome.
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Unilever to Appeal Rs 60 Million Fine for Deceptive Advertising
Karachi, Pakistan – Unilever Pakistan has announced its decision to appeal a hefty Rs 60 million fine imposed by the Competition Commission of Pakistan (CCP). The fine, which stems from allegations of misleading advertising claims, specifically targets the marketing of Unilever’s Lifebuoy soap and hand wash products in Pakistan.
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CCP Slaps Rs60M Fine on Unilever Pakistan for Misleading Ads
KARACHI: August 10, 2024 — The Competition Commission of Pakistan (CCP) has imposed a substantial fine of PKR 60 million on Unilever Pakistan for broadcasting deceptive claims in television commercials for its hygiene and cleansing products, namely ‘Lifebuoy (Care and Protect) Soap’ and ‘Lifebuoy Hand Wash.’
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FTO Assures Industrialists of Swift Justice in Tax Matters
Karachi, August 9, 2024 – The Federal Tax Ombudsman (FTO), Dr. Asif Mahmood Jah, has pledged prompt action on taxpayer complaints, vowing to deliver justice within 4-6 weeks. Addressing the SITE Association of Industry during his recent visit,
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