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.
(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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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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SITE Association Endorses Traders August 28 Strike
Karachi, August 27, 2024 – The SITE Association of Industry, a prominent representative body of industrialists in Karachi, has declared its support for the traders’ strike set for August 28, 2024.
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FPCCI Demands Immediate Cut in Policy Rate to 15%
Karachi – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called on the State Bank of Pakistan (SBP) to immediately reduce the key policy rate to 15%. This demand comes in response to what the FPCCI views as insufficient cuts in the policy rate over the last two monetary policy meetings.
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KCCI Members Urged to Diversify Exports to Malawi
Karachi, August 26, 2024 – The Honorary Consul General of the Republic of Malawi, Abdullah Zaki, has encouraged the members of the Karachi Chamber of Commerce and Industry (KCCI) to diversify their exports to Malawi.
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Karachi Traders Firm on August 28 Shutter Down
Karachi, August 25, 2024 – In a heated press conference held on Sunday, prominent traders associations from Karachi announced their firm stance to proceed with a shutter-down strike on August 28, 2024.
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