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.
(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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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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Tariff Rationalization Proposed for Black Tea Imports
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.
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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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