Karachi, July 10, 2024 – The Overseas Investors Chamber of Commerce and Industry (OICCI) released its 2024 Security Survey, indicating a growing unease among foreign investors regarding Pakistan’s security situation.
(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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SRO 350 Sparks Controversy as PBC Raises Tax Return Concerns
Karachi, July 9, 2024 – The Pakistan Business Council (PBC) has raised significant concerns regarding recent amendments to the Sales Tax Rules, 2006, introduced through SRO 350(I)/2024 by the Federal Board of Revenue (FBR).
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Karachi Chamber Demands FBR Address Controversial SRO 350
Karachi, July 9, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the Federal Board of Revenue (FBR) to promptly resolve the ongoing issues related to SRO 350 (I)/2004, which have been a source of significant concern for the business community.
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Pakistan Customs Vows Speedy Clearance for Businesses
Karachi, July 8, 2024 – Pakistan Customs pledged to expedite customs clearance procedures during a meeting with representatives from the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday.
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FPCCI Demands Immediate Cancellation of IPP Contracts
Karachi, July 5, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for the immediate cancellation of contracts with Independent Power Producers (IPPs).
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Saudi Arabia Eases Visa Restrictions for Pakistani Tourists
Islamabad, July 3, 2024 – Saudi Arabia has announced significant changes to its tourist visa requirements for Pakistani travelers, effective immediately. According to a statement released on Wednesday, applicants can now submit a bank statement showing a minimum monthly credit amount of USD 750 or its equivalent as part of their visa application process.
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Mari Mining Gets Mineral Licenses for Exploration in Balochistan
Karachi, July 3, 2024 – Mari Mining Company Private Limited announced on Wednesday that it has secured mineral exploration licenses in Chagai, Balochistan. The company, a wholly-owned subsidiary of Mari Petroleum Company Limited (MPCL), disclosed this development in a communication shared with the Pakistan Stock Exchange (PSX).
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ABAD Decides to Move Court Against 2024-25 Budget
Karachi, July 2, 2024 – The Association of Builders and Developers of Pakistan (ABAD) has announced its decision to challenge the harsh tax measures introduced in the 2024-25 budget in court.
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SBP Issues Guidelines to Banks for Sugar Export
Karachi, July 2, 2024 (PkRevenue.com) – The State Bank of Pakistan (SBP) on Tuesday issued detailed guidelines to banks for processing requests related to the export of sugar.
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OICCI Members Spend Rs 13 Billion for CSR Activities
Karachi, July 2, 2024 – The members of the Overseas Investors Chamber of Commerce and Industry (OICCI) have made a significant contribution to Corporate Social Responsibility (CSR) activities, spending an impressive Rs 13 billion in the fiscal year 2022-2023.
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