Pakistan’s textile sector has shown remarkable growth, with textile exports rising by 10.60% during the first seven months (July–January) of the financial year 2024-25, according to the Pakistan Bureau of Statistics (PBS).
(more…)Category: Trade & Industry
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PBC Urges FBR to Raise Refund Processing Limits for Exporters
Karachi, February 17, 2025 – The Pakistan Business Council (PBC) has urged the Federal Board of Revenue (FBR) to revise and increase the refund processing limits for exporters to facilitate business operations and improve liquidity.
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FPCCI Applauds Separation of Tax Policy from FBR
Karachi, February 17, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has warmly welcomed the government’s decision to separate tax policy from the Federal Board of Revenue (FBR). This reform is seen as a critical step toward enhancing transparency, improving efficiency, and fostering economic growth.
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KCCI Accuses NEPRA, KE of Neglecting Karachi Consumers
Karachi, February 15, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly criticized the National Electric Power Regulatory Authority (NEPRA) and K-Electric (KE) for their alleged failure to pass on the benefits of tariff reductions to Karachi’s consumers.
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NAB Discloses Huge Capital Outflow Seeking Citizenship Abroad
Karachi, February 12, 2025 – The National Accountability Bureau (NAB) on Wednesday revealed alarming statistics regarding capital outflows, highlighting that a significant number of Pakistanis had moved abroad last year, transferring substantial sums to secure foreign citizenship.
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KCCI Advocates Consumer Rights in Security Deposit Dispute
KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) has strongly urged the National Electric Power Regulatory Authority (NEPRA) to put on hold the proposed hike in security deposit rates by Distribution Companies (DISCOs) until full transparency is ensured and an inclusive consultation process is undertaken with all stakeholders.
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Lowering Tax Rates Essential for Investment Growth: FCCI
Faisalabad, February 8, 2025 – The Faisalabad Chamber of Commerce and Industry (FCCI) has reiterated its call for reducing tax rates to attract both local and foreign investment, emphasizing that a lower tax burden is crucial for economic growth and development.
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SAI Urges Pakistan to Capitalize on US Tax Measures
Karachi, February 8, 2025 – The Site Association of Industry (SAI) has advised the Pakistan government to take advantage of recent tax measures introduced by the United States against various countries.
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KATI welcomes agricultural income tax bill approval in Sindh
Karachi, February 4, 2025 – The Korangi Association of Trade and Industry (KATI) has expressed strong support for the Sindh government’s approval of the Agricultural Income Tax (AIT) Bill, calling it a major step toward expanding the province’s tax base and fostering a more equitable tax distribution system.
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Cement offtake surges 14.08% year-on-year in January 2025
February 3, 2025 – The cement industry in Pakistan experienced significant growth in January 2025, with total cement despatches increasing by 14.08% compared to the same month last year, according to data released by the All Pakistan Cement Manufacturers Association (APCMA).
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