Islamabad, June 24, 2024 – Federal Minister for Finance and Revenue, Muhammad Aurangzeb, assured the Pakistan Business Council (PBC) on Monday that their recommendations would be considered in the finalization of the 2024-25 budget.
(more…)Category: Trade & Industry
This section covers news on trade and industry. Pakistan Revenue is committed to providing the latest updates on business trends.
-
KATI Sounds Alarm: Fixed Tax Abolition Threatens Export Industry
Karachi, June 24, 2024 – The Korangi Association of Trade and Industry (KATI) has issued a stern warning to the authorities, asserting that the proposed abolishment of the Fixed Tax Regime for exports will devastate the industry.
(more…) -
SMAP Roils Over Proposed Tax Regime Shift in Pakistan
Karachi, June 23, 2024 – The Salt Manufacturers Association of Pakistan (SMAP) has become the latest industry group to voice strong opposition to a key provision in the recently unveiled federal budget.
(more…) -
Engro Fertilizers Completes Largest EnVen Turnaround
Karachi, June 21, 2024: Engro Fertilizers has successfully completed the largest-ever scheduled maintenance activity of its EnVen Plant, wrapping up the 55-day turnaround on June 18, 2024.
(more…) -
Anomaly Committee Calls for Review of New Exporters Tax Regime
Karachi, Pakistan – June 21, 2024 – Pakistan’s business community is calling for a reevaluation of a key provision in the recently unveiled Finance Bill 2024. The proposed change, a shift from a fixed tax regime for exporters to a regular tax system, has raised concerns and prompted a high-level meeting at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI).
(more…) -
Exporters in Scramble to Avoid Tax Regime Shakeup
Islamabad, June 21, 2024 – Pakistan’s export sector is in a state of flux as exporters scramble to negotiate a way out of the proposed changes to their tax regime outlined in the Finance Bill 2024.
(more…) -
Pakistan Ramps Up Real Estate Taxation in Finance Bill 2024
Karachi, Pakistan – June 16, 2024 – The real estate sector in Pakistan, long considered under-taxed, is facing a tightening noose from the government.
(more…) -
Tax Changes for Exporters Threaten Forex Reserves, Warn Experts
Karachi, Pakistan – June 16, 2024 – Leading tax experts at KPMG Taseer Hadi & Co. have raised concerns about the impact of tax changes for exporters proposed in the Finance Bill 2024 on Pakistan’s foreign exchange reserves.
(more…) -
Finance Bill 2024: Tax Changes Impact on Manufacturing Sector
The cyclical nature of Pakistan’s manufacturing sector plays a pivotal role in shaping the overall economy, as it is intricately linked to the Composite Leading Indicator (CLI).
(more…) -
PALSP Applauds Tax Reforms for Steel Industry in Budget 2024-25
The Pakistan Association of Large Steel Producers (PALSP) has lauded the strategic tax reforms introduced in the 2024-25 budget, heralding a significant boost for the steel industry.
(more…)