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).
(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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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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Citi Pharma Pakistan Inks Supply Agreement with Indian Company
Karachi, July 2, 2024 – Citi Pharma Limited Pakistan has announced a landmark agreement with Murli Krishna Pharma Private Limited, an Indian company. The partnership, revealed on Tuesday, aims to enhance the pharmaceutical landscape in Pakistan through the supply of high-quality Active Pharmaceutical Ingredients (APIs) and products.
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Finance Act, 2024: FED Doubles on Cement
Karachi, July 1, 2024 – In a significant move impacting the construction and real estate sectors, the federal government has doubled the federal excise duty (FED) on the sale of cement through the Finance Act, 2024.
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Finance Act, 2024: Federal Excise Duty on Cigarettes
Karachi, July 1, 2024 – In a significant move aimed at regulating the tobacco industry, the Finance Bill, 2024 has proposed an increase in the retail price for different tiers of cigarettes manufactured in Pakistan.
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KCCI Expresses Displeasure over Hike in Petroleum Prices
Karachi, July 1, 2024 – Karachi Chamber of Commerce and Industry (KCCI) has voiced strong discontent over the recent hike in petroleum prices, marking a significant escalation in costs for businesses and the general public alike.
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