Karachi, July 29, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has expressed disappointment over the State Bank of Pakistan’s (SBP) decision to reduce the policy rate by only 100 basis points to 19.5%. The KCCI contends that this reduction is insufficient to address the economic challenges faced by the business community.
(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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PYMA Demands Abolishing Regulatory Duty on Yarn
KARACHI, July 29, 2024 – Sohail Nisar, Senior Vice Chairman of the Pakistan Yarn Merchants Association (PYMA), alongside Vice Chairman Jaweed Khanani and members of the Executive Committee, has expressed deep concern regarding the imposition of regulatory duty (RD) on polyester yarn under HS Codes 5402.3300, 5402.4700, and 5402.4600.
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SSGC Completes Dedicated Gas Pipeline for SITE Industries
Karachi, July 26, 2024 – Sui Southern Gas Company (SSGC) has achieved a significant milestone by laying a dedicated 24-inch diameter, 31-kilometer-long high-pressure gas pipeline exclusively for the industrial consumers in the SITE area of Karachi.
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KCCI Signals Street Protests as Last Resort for Economic Relief
Karachi, July 24, 2024: The Karachi Chamber of Commerce and Industry (KCCI) has suggested that street protests might be the only effective method to compel the government to address pressing economic issues.
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KATI Warns of Challenges in Achieving $60 Billion Export Target
Karachi, July 24, 2024 – The Korangi Association of Trade and Industry (KATI) has raised significant concerns over the government’s ambitious target of achieving $60 billion in exports within the next three years. In a recent statement, KATI President Qandhari highlighted the substantial challenges posed by high production costs and heavy taxation on the export sector.
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PBC Raises Concerns Over Ambitious $65 Billion Export Target
Karachi, July 24, 2024 – The Pakistan Business Council (PBC), a leading advocacy group for Pakistani businesses, has expressed reservations about the government’s ambitious export target of $65 billion to be achieved within the next three years.
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PM Shehbaz Sets Ambitious $60 Billion Export Target for Pakistan
Karachi, July 23, 2024 – Prime Minister Shehbaz Sharif chaired a pivotal meeting of the National Export Development Board on Tuesday, tasking authorities with a bold directive: elevate the country’s annual exports to $60 billion within the next three years.
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APTMA Urges Revisions to IPP Deals to Rescue Textile Sector
Lahore, July 23, 2024 – The All Pakistan Textile Mills Association (APTMA) has called upon the government to urgently reconsider its agreements with Independent Power Producers (IPPs) to safeguard the textile industry, particularly its export-oriented segment.
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PYMA Warns of Industry Collapse Amid Skyrocketing IPP Charges
Karachi, July 22, 2024 – The Pakistan Yarn Merchants Association (PYMA) on Monday voiced serious concerns over the high payments of capacity charges to Independent Power Producers (IPPs), warning that these could lead to an industry shutdown.
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End the IPP Drain! KATI Demands Fair Electricity Market
Karachi, July 20, 2024 – Pakistan’s industrial sector is calling for a shake-up, with the Korangi Association of Trade and Industry (KATI) urging a dramatic shift in the country’s energy policy.
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