PkRevenue.com – On Thursday, representatives from the steel industry met with Finance Minister Muhammad Aurangzeb to discuss proposals for the upcoming 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.
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UNISAME Fears More Tax Burden Will Cripple SME Sector
PkRevenue.com – Zulfikar Thaver, President of the Union of Small and Medium Enterprises (UNISAME), has expressed grave concerns over potential new tax burdens in the upcoming 2024-25 budget, warning that additional taxes could severely cripple the already struggling SME sector.
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Oman Seeks to Expand Imports from Pakistan
PkRevenue.com – The Consul General of the Sultanate of Oman, Eng. Sami Abdullah Al Khanjari, announced Oman’s intent to broaden its import spectrum from Pakistan, focusing on the high-quality agricultural products Pakistan offers.
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Health Experts Recommend 40% Increase in Tobacco Tax
Pkrevenue.com – Health experts have urged the Federal Board of Revenue (FBR) to implement a 40% increase in tobacco taxes in the budget for the fiscal year 2024-25. This proposal aims to reduce tobacco consumption, enhance government revenue, and address the significant health costs associated with smoking.
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Business Community Rejects Public Holiday on Youm-e-Takbeer
PkRevenue.com – The business community has voiced strong opposition to the public holiday announced by Prime Minister Shehbaz Sharif on the occasion of Youm-e-Takbeer.
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IAP: Construction Industry Embracing Modern Materials
PkRevenue.com – The construction industry in Pakistan is making strides towards sustainability by adopting modern and eco-friendly construction materials, according to an official from the Institute of Architects Pakistan (IAP).
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Government Assures KCCI of Considering Budget Proposals
(PkRevenue.com) – The federal government assured the Karachi Chamber of Commerce and Industry (KCCI) on Monday that it would seriously consider their proposals for the 2024-25 budget.
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Realtors Oppose Any New Property Tax in 2024-25 Budget
Realtors have staunchly opposed any proposed tax hikes on property transactions in the forthcoming 2024-25 budget. The government has hinted at the possibility of imposing additional taxes on the real estate sector as part of its commitments to the International Monetary Fund (IMF), prompting significant backlash from industry stakeholders.
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Foreign Investors Urge Beverage Industry Protection in Pakistan
Karachi, May 26, 2024 – Foreign investors operating in Pakistan have called for the protection of the beverage industry and demanded a level playing field comparable to other sectors within the food industry.
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OICCI Advises Pakistan Avoid Further Increase in Cigarette Taxes
Karachi, May 26, 2024 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has advised Pakistan to avoid further increases in taxes on cigarettes.
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