Karachi, November 28, 2024 – Miandad Rahoojo, Commissioner of the Sindh Employees Social Security Institution (SESSI), announced significant changes aimed at improving services for workers, particularly in the SITE area. Speaking during his visit to the SITE Association of Industry (SAI), Rahoojo detailed several key measures, including a revised mechanism for auditing registered units, an increase in the number of SESSI dispensaries, and plans to enhance healthcare facilities for workers.
(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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FPCCI President Announces Rs 5 Billion Seed Fund for Air Karachi
Karachi, November 28, 2024 – Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), announced an initial Rs 5 billion seed fund for the launch of a new airline, Air Karachi. This initiative, spearheaded by prominent business leaders, aims to revolutionize air travel in Pakistan.
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UAE Consul General Celebrates 53rd National Day at KCCI
Karachi, November 28, 2024 – The Consul General (CG) of the United Arab Emirates (UAE), Bakheet Ateeq Al Rumeithi, celebrated the 53rd National Day of the UAE at an event organized by the Karachi Chamber of Commerce & Industry (KCCI), emphasizing the deep-rooted friendship between the UAE and Pakistan.
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Private Sector Credit Offtake Reaches Rs 880 Billion This Year
Karachi, November 27, 2024 – Credit offtake by the private sector from Pakistan’s banking system witnessed a remarkable surge, reaching Rs 880 billion during the first four and a half months of the current fiscal year, spanning July 1 to November 15, according to data released by the State Bank of Pakistan (SBP).
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EOBI to Establish Helpdesk for SITE Association Members
Karachi, November 25, 2024 – Dr. Javed Shaikh, Acting Chairman of Employees Old-Age Benefit Institution (EOBI), has announced to set up EOBI Helpdesk on every Monday at the premises of SITE Association of Industry to facilitate members in resolution of their issues related to EOBI.
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FPCCI Urges Modernized OGRA Laws for LPG Regulation
Karachi, November 25, 2024 – Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has urged the introduction of updated laws for the Oil & Gas Regulatory Authority (OGRA) to address challenges in the LPG supply chain. He emphasized the need for a regulatory framework that is fair, inclusive, and aligned with the realities of the industry to benefit all stakeholders and consumers.
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PALSP Warns of Crisis in Pakistan’s Steel Sector
ISLAMABAD: The Pakistan Association of Large Steel Producers (PALSP) has warned that the steel industry, a cornerstone of the national economy, is facing a severe crisis. Numerous steel mills have already closed, while the few that remain operational are running at just 20-30% capacity. The sector is grappling with unsustainable production costs and plummeting demand.
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APPMA Opposes K-Electric’s Rs 68 Billion Write-Off Request
ISLAMABAD: The All Pakistan Processing Mills Association (APPMA) has strongly opposed the approval of K-Electric’s (KE) Rs 68 billion write-off claims, deeming them unjustifiable.
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High Tax Rates in Pakistan Impede Swedish Investment: Envoy
KARACHI: The Ambassador of Sweden, Ms. Alexandra Berg von Linde, highlighted the challenges that Swedish companies face in Pakistan, including high tax rates, when discussing Sweden-Pakistan trade and investment relations.
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Pakistan Makes $76.28M Import Payment to India in 4MFY25
Karachi, November 20, 2024 – Pakistan has made an import payment of $76.28 million to India during the first four months (July – October) of the fiscal year 2024-25, according to official data from the State Bank of Pakistan (SBP).
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