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.
(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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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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SAI Presents Budget Proposals to Promote Industrialization
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.
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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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