Islamabad, June 10, 2024 – Pakistan has conditionally approved the export of 150,000 metric tons of sugar, following a request from the Pakistan Sugar Mills Association (PSMA). This decision aims to balance the needs of local markets while fulfilling the demands of sugar producers.
(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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Karachi Port in Gridlock: Thousands of Containers Stranded
Karachi, June 9, 2024 — Khurram Ejaz, former president of the Karachi Customs Agents Association, has sharply criticized port authorities for their lack of preparation in clearing thousands of containers stuck at Karachi Port.
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FPCCI Estimates Rs 50 Trillion Untaxed Money in Pakistan
PkRevenue.com – Pakistan’s top trade body, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has unearthed a colossal amount of untaxed money circulating within the country – a staggering Rs 50 trillion.
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FPCCI Demands SRO 350 Withdrawal to Ease Compliance Costs
PkRevenue.com — The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called on tax authorities to withdraw SRO 350(I)/2024, citing increased compliance costs and bureaucratic hurdles for registered taxpayers.
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FPCCI Advocates Revoking Section 8B of Sales Tax Act
PkRevenue.com — The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for the revocation of Section 8B of the Sales Tax Act, 1990 in the forthcoming budget for the fiscal year 2024-25.
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FPCCI Calls for Abolishment of Further Tax in 2024-25 Budget
PkRevenue.com – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed the elimination of the further tax in the forthcoming 2024-25 budget, aiming to alleviate the burden on the business community.
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Kenya Releases 1,300 Containers of Pakistani Rice
PkRevenue.com – Kenya has authorized the release of 1,300 containers of Pakistani rice that had been delayed at the Port of Mombasa. This resolution follows the proactive intervention of Pakistani Federal Minister for Commerce, Jam Kamal Khan, signaling strengthened economic ties between the two countries.
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KCCI Hails Decision of Industry Status to Warehouse and Logistics
The Karachi Chamber of Commerce and Industry (KCCI) has warmly welcomed the government’s decision to declare warehouses and logistics as an industry. This long-awaited move has been a major demand of the business and industrial community, and its fulfillment marks a significant step towards creating a more conducive business environment.
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FPCCI Demands Abolishing Deemed Income Tax Under Section 7E
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called on tax authorities to abolish the deemed income tax under Section 7E of the Income Tax Ordinance, 2001.
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Ritz Carlton Reserve Makes Grand Entrance in Middle East
Ummahat Island, Saudi Arabia: Nujuma, a Ritz-Carlton Reserve, the first Ritz-Carlton Reserve in the Middle East was unveiled today on Ummahat Island in the tranquil waters of The Red Sea.
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