Karachi, May 21, 2021 (Pkrevenue.com) – The Karachi Chamber of Commerce and Industry (KCCI) has proposed a rationalization of tariffs on the import of black tea in its recommendations for the upcoming budget for the fiscal year 2024-25.
(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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KCCI Urges Removal of Regulatory Duty on Steel Imports
Karachi, May 21, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has called for the elimination of regulatory duty (RD) on the import of steel products in its budget proposals for the fiscal year 2024-25.
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Pakistan Import Payments to India Rise by 13% in 10MFY24
Pakistan has reported a notable increase of 13% in import payments to neighboring India during the first ten months (July – April) of the fiscal year 2023-24.
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Pakistan Should Apply New GSP Plus Regulations: Belgian Envoy
Karachi, May 20, 2024 – Ambassador of Belgium, Charles Delogne, emphasized the urgent need for Pakistan to comply with the new Generalized System of Preferences Plus (GSP Plus) regulations during his farewell visit to the Karachi Chamber of Commerce & Industry (KCCI) on Monday.
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KCCI Seeks Sales Tax Exemption on Gold Import
Karachi, May 20, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to grant a sales tax exemption on the import of gold for export purposes.
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KCCI Pushes for Inclusion of Commercial Importers in FTR
The Karachi Chamber of Commerce and Industry (KCCI) has called for the inclusion of commercial importers into the Final Tax Regime (FTR), particularly concerning the tax treatment at the import stage.
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OICCI Demands Abolishing Advance Tax on Telecom Subscribers
Karachi, May 18, 2024 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has proposed the abolition of advance tax on telecom subscribers in the upcoming budget for 2024-25.
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KCCI Suggests Adjusting Refunds against Sales Tax Liability
Karachi, May 18, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has proposed that the Federal Board of Revenue (FBR) permit the adjustment of sales tax refunds against sales tax liabilities to address significant delays in payments.
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UNISAME Invites Attention of CEO SMEDA on Pressing Issues
Karachi, May 18, 2024 – The Union of Small and Medium Enterprises (UNISAME) has urgently called on the newly appointed CEO of the Small and Medium Enterprises Development Authority (SMEDA), Socrat Aman Rana, to address the critical issues facing the small industries sector.
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KATI Urges Transport Cost Reduction After Petroleum Price Cut
Karachi, May 17, 2024 – Following the recent significant reduction in petroleum prices, the Korangi Association of Trade and Industry (KATI) has called for a corresponding decrease in transportation costs to benefit both businesses and the general public.
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