The Union of Small and Medium Enterprises (UNISAME) has expressed profound disappointment and disillusionment with the proposed 2024-25 budget, urging Finance Minister Muhammad Aurangzeb to reconsider critical aspects for the sake of the underprivileged majority sector.
(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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New Tax Regime for Exporters Unveiled in Pakistan
Karachi, June 14, 2024: A significant change is on the horizon for Pakistani exporters as the Finance Bill 2024 introduces a new tax regime. Effective July 1, 2024, this bill dismantles the long-standing final tax system for exports, ushering in a new era for how export-related taxes are handled.
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PBC Questions Massive Salary Increase for Govt Employees
In a critical response to the newly announced budget for the fiscal year 2024-25, the Pakistan Business Council (PBC) has raised significant concerns over the substantial salary increments granted to government employees.
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KCCI Rejects 2024-25 Budget, Terms It Anti-Industry
The Karachi Chamber of Commerce and Industry (KCCI) on Wednesday voiced strong opposition to the federal budget for the fiscal year 2024-25, presented by the government.
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LSM in Negative: Pakistan Economic Survey 2023-24
PkRevenue.com – The Pakistan Economic Survey 2023-24, released on Tuesday, revealed that Large-Scale Manufacturing (LSM) remained in negative territory at -0.1 percent during July-March FY 2024, marking an improvement from the -7.0 percent growth recorded in the corresponding period last year.
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REAP Suggests Hassle-Free Tax Payment System
PkRevenue.com – The Rice Exporters Association of Pakistan (REAP) has called on the government to implement a one-window tax system for exports to simplify tax payments and aid exporters.
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Value-Added Textile Exporters Reject Proposed Tax Scrutiny
PkRevenue.com – In a united front against the proposed tax changes in the upcoming budget for 2024-25, the value-added textile exporters have rejected the introduction of a minimum tax regime that includes extensive scrutiny.
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CDC Pakistan and SFTL Sign Landmark Agreement
Salaam Family Takaful Limited (SFTL) and Central Depository Company of Pakistan Limited (CDC) have entered into an agreement for SFTL’s participation in the Centralized Information Sharing Solution for the Insurance Industry (CISSII) and Centralized Insurance Repository (CIR).
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KCCI Expresses Disappointment on Meager Rate Cut
PkRevenue.com – The Karachi Chamber of Commerce and Industry (KCCI) on Monday expressed disappointment over the State Bank of Pakistan’s (SBP) recent rate cut, describing it as a meager reduction.
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FPCCI Demands Larger Rate Cut, Rejects 150bps Reduction
Karachi, June 10, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed strong dissatisfaction with the State Bank of Pakistan’s (SBP) recent decision to cut the key policy rate by 150 basis points.
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