Karachi, May 24, 2024 – Pakistan Petroleum Limited (PPL) announced on Friday the formation of a joint venture (JV) with Degan Exploration Works (DEW) for a mineral exploration license in District Chagai, Balochistan. This strategic move aims to diversify PPL’s business portfolio by expanding its mining operations.
(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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Fruit Juice Council Demands Removal of 20% FED in Budget
Karachi, May 23, 2024 – The Fruit Juice Council (FJC) has urgently appealed to the Federal Board of Revenue (FBR) for the elimination of the 20% Federal Excise Duty (FED) in the forthcoming budget for 2024-25.
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UNISAME Calls for Bringing PayPal and Stripe to Pakistan
Karachi, May 23, 2024 – The Union of Small and Medium Enterprises (UNISAME) has urged the Pakistani government to expedite the introduction of PayPal and Stripe in the country to address the payment issues faced by start-ups and freelancers.
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KCCI Proposes Measures to Combat Fraud by Foreign Suppliers
Karachi, May 23, 2024 — In a bid to protect importers from fraudulent activities by foreign suppliers, the Karachi Chamber of Commerce and Industry (KCCI) has presented a comprehensive plan to the tax authorities.
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OICCI Recommends Withholding Tax Exemption for Milk
Karachi, May 22, 2024 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has recommended exempting milk from withholding tax in its proposals for the 2024-25 budget.
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OICCI Urges Revival of Zero-Rated Regime for Pharma Industry
Karachi, May 22, 2024 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has called for the restoration of the zero-rated regime for the pharmaceutical industry in its proposals for the upcoming budget 2024-25.
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Beverage Industry Presents Tax Proposals for Budget 2024-25
Islamabad, May 22, 2024 – On Wednesday, the beverage industry presented its tax proposals for the upcoming budget 2024-25 to Finance Minister Muhammad Aurangzeb.
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Pakistan Exports $800 Million to Poland Due to GSP Plus: Envoy
Karachi, May 22, 2024 – The Ambassador of the Republic of Poland, Maciej Pisarski, announced that Pakistan exports to Poland have reached $800 million due to the Generalized System of Preferences (GSP) Plus arrangement.
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FPCCI Highlights Malpractices in Pakistan Customs
Karachi, May 22, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) spotlighted widespread malpractices within Pakistan Customs on Wednesday, calling for comprehensive reforms to address the issue.
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PM Orders Industrial Status for Gems and Stones Sector
Prime Minister Shehbaz Sharif on Wednesday directed authorities to grant industrial status to the gems and precious stones sector, emphasizing immediate action and collaboration.
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