Karachi, February 3, 2025 – The Pakistan Chemical and Dyes Merchants Association (PCDMA) has expressed concerns over the complexities arising from SRO 55(I)/2025, issued by the Federal Board of Revenue (FBR), and its potential impact on traders.
(more…)Category: Trade & Industry
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Pakistan’s exports surge 10% to $19.55 billion 7MFY25
Islamabad, February 3, 2025 – Pakistan’s exports have experienced a significant boost, rising by 10% to reach $19.55 billion during the first seven months (July – January) of fiscal year 2024-25, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday.
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FPCCI supports proposed tax package for property sector
Karachi, February 3, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has extended its full support to the proposed tax package for the property sector, emphasizing its potential to stimulate housing and construction activities across the country.
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PBC urges crackdown on illicit funds in real estate sector
The Pakistan Business Council (PBC) has called on Prime Minister Shehbaz Sharif to take decisive action against black money in the real estate sector and establish a fairer competitive environment between the informal and formal sectors.
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New Conditions Make Sales Tax Return Filing Impossible: KCCI
Karachi, January 30, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has raised serious concerns over the newly introduced conditions by the Federal Board of Revenue (FBR), stating that these measures have made sales tax return filing nearly impossible for traders and small businesses.
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PBC Recommends Establishment of National Tax Authority
Islamabad: The Pakistan Business Council (PBC) has put forth comprehensive policy recommendations for the upcoming budget 2025-26, emphasizing the need for a fully authorized National Tax Authority (NTA).
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FPCCI Criticizes Limited SBP Rate Cut
Karachi, January 27, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed its surprise and disappointment over the State Bank of Pakistan’s (SBP) decision to reduce the policy rate by just 100 basis points, despite the marked improvement in key economic indicators.
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KCCI Criticizes SBP’s Conservative 100bps Rate Reduction
Karachi, January 27, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) on Monday voiced its strong discontent over the State Bank of Pakistan’s (SBP) decision to implement a modest 100 basis points (bps) reduction in the benchmark policy rate, bringing it down from 13% to 12%.
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APTMA Opposes Gas Price Hike, Cites Export Risks
Karachi, January 27, 2025 – The All Pakistan Textile Mills Association (APTMA), Southern Zone, has termed the Economic Coordination Committee’s (ECC) recent decision to increase the gas tariff for Captive Power Plants (CPPs) from Rs. 3,000/MMBTU to Rs. 3,500/MMBTU as disastrous for the country’s textile exports. The textile industry, which accounts for 60% of Pakistan’s total exports, faces significant challenges due to this decision, APTMA emphasized.
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KCCI Urges SBP to Align Policy Rate With India and China
Karachi, January 25, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has called on the State Bank of Pakistan (SBP) to lower the benchmark policy rate to align with those of regional economic powerhouses like India and China.
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