Karachi, May 17, 2024 – The SITE Association of Industry (SAI), representing Pakistan’s largest and most diverse industrial base, has submitted a comprehensive set of proposals for the 2024-25 budget aimed at promoting industrialization and sustainable economic growth in the country.
(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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Karachi Chamber Advocates for Restricting Super Tax Scope
The Karachi Chamber of Commerce and Industry (KCCI) has put forth a recommendation to limit the scope of super tax implementation in the upcoming budget for 2024-25.
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Sindh Governor Admits Karachi’s Loss of Economic Hub Status
KARACHI: Governor Sindh, Kamran Khan Tessori, made a candid admission on Thursday, declaring that Karachi has relinquished its position as Pakistan’s economic epicenter.
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SITE Industries Applaud Reduction in Petroleum Prices
KARACHI: Muhammad Kamran Arbi, President of the SITE Association of Industry, has expressed his appreciation for the significant reduction in petrol and diesel prices by the government, heralding it as a positive step towards alleviating economic burdens on industries and the common populace.
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KCCI Submits Taxation Plan for Cryptocurrency Income in Pakistan
The Karachi Chamber of Commerce and Industry (KCCI) has proposed a comprehensive plan to tax income derived from cryptocurrency transactions within Pakistan’s jurisdiction, marking a significant step towards regulating the burgeoning digital asset market in the country.
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Textile Exports Reach $13.68 Billion Amid Marginal Dip in 10MFY24
Pakistan’s textile exports have maintained a robust trajectory, reaching $13.68 billion during the first ten months (July – April) of the fiscal year 2023-24, according to official data released on Thursday.
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Business Community Calls for Repeal of Section 7E
Amidst preparations for the upcoming budget 2024-25, the business community in Pakistan, represented by the Karachi Chamber of Commerce and Industry (KCCI), is vehemently urging the government to abolish Section 7E of the Income Tax Ordinance, 2001.
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Karachi Chamber Demands Revocation of Controversial SRO 350
Karachi Chamber of Commerce and Industry (KCCI) has called for the revocation of the controversial Statutory Regulatory Order (SRO) 350 through proposed amendments in the upcoming budget for the fiscal year 2024-25.
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KCCI Pushes for Tax Procedure Simplification in Budget 2024-25
Karachi Chamber of Commerce and Industry (KCCI) has mounted pressure on the government for the simplification of tax procedures in the upcoming budget for the fiscal year 2024-25.
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KCCI and NAVTTC Join Forces to Enhance Skills Training
KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) and the National Vocational & Technical Training Commission (NAVTTC) have inked a landmark Memorandum of Understanding (MOU) to forge a collaborative partnership aimed at enhancing demand-driven skills training across the country.
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