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Category: Trade & Industry

Trade & Industry news covering business developments, industrial growth, manufacturing trends, and economic policies shaping domestic and global markets.

Pakistan and Saudi Arabia Economic

Pakistani Exporters Strengthen Trade Prospects in Saudi Arabia

March 26, 2025March 26, 2025Mrs. Anjum Shahnawaz

Islamabad, March 26, 2025 – A delegation of Pakistani exporters has returned home after a highly productive month-long visit to Saudi Arabia, where they explored new trade opportunities and deepened business ties.

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Nestle Pakistan Financial

Nestlé Pakistan Attributes CY24 Revenue Decline to Higher GST

March 26, 2025March 26, 2025Shahnawaz Akhter

Karachi, March 26, 2025 – Nestlé Pakistan has attributed its revenue decline for the calendar year 2024 to the higher rate of General Sales Tax (GST). The company cited the increased tax burden as a key factor impacting its financial performance.

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OGDCL gas

OGDCL Shares Major Updates on Reko Diq Gold Project

March 25, 2025March 25, 2025Faisal Shahnawaz

Karachi, March 25, 2025 – The Oil and Gas Development Company Limited (OGDCL) has provided a significant update on the progress of the Reko Diq gold and copper project, a major mining initiative in Pakistan.

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KATI

Lowering Tax Targets to Ease Burden on Industry: KATI

March 24, 2025March 24, 2025Shahnawaz Akhter

Karachi, March 24, 2025 – The Korangi Association of Trade and Industry (KATI) has welcomed the reduction in the tax target for the fiscal year 2024-25, considering it a crucial step to alleviate the burden on the industrial sector. KATI emphasized that such measures would contribute to economic stability and business sustainability.

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SDPI initiatives

SDPI Unmasks Tobacco Industry’s Economic Manipulations

March 24, 2025March 24, 2025Shahnawaz Akhter

Islamabad, March 24, 2025 – Dr. Waseem Iftikhar Janjua, Senior Advisor at the Sustainable Development Policy Institute (SDPI), has raised serious concerns regarding the manipulative tactics employed by the tobacco industry, particularly in tax evasion and policy influence.

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GlaxoSmithKline

GlaxoSmithKline Reports Record-Breaking 1124% PAT Surge

March 24, 2025March 24, 2025Faisal Shahnawaz

Karachi, March 24, 2025 – GlaxoSmithKline Pakistan Limited has announced an extraordinary surge in its profit after tax (PAT), registering a staggering 1124% increase for the year ending December 31, 2024.

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trade and idustries in world

Pakistan Bans Import of Polyol and Chlorodifluoroethanes

March 20, 2025March 20, 2025Shahnawaz Akhter

Islamabad, March 20, 2025 – Pakistan has officially imposed a ban on the import of polyol blended and chlorodifluoroethanes with immediate effect.

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KCCI Photo

KCCI Urges FBR to Extend Sales Tax Return Filing Deadline

March 20, 2025March 20, 2025Shahnawaz Akhter

Karachi, March 20, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has called upon the Federal Board of Revenue (FBR) to extend the sales tax return filing deadline due to technical issues affecting taxpayers on the IRIS portal.

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Karachi Chamber

BMG, KCCI Celebrate Election Decision, Pledge Business Support

March 20, 2025March 20, 2025Shahnawaz Akhter

KARACHI: Chairman Businessmen Group (BMG) Zubair Motiwala and President Karachi Chamber of Commerce & Industry (KCCI) Jawed Bilwani have hailed the Secretary Commerce’s decision to suspend the DGTO’s order, effectively reinstating KCCI’s democratically elected Office Bearers and Managing Committee.

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KCCI Photo

MoC Suspends DGTO Orders Against KCCI Elections

March 19, 2025March 19, 2025Shahnawaz Akhter

Islamabad, March 19, 2025 – The Ministry of Commerce (MoC) has suspended the Directorate General of Trade Organizations’ (DGTO) order regarding the Karachi Chamber of Commerce and Industry (KCCI) elections until the next hearing scheduled for April 10, 2025.

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