Health experts have put forward a compelling case for a substantial tax increase on cigarette sales as a means to deter tobacco use and promote public health.
(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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PBF Advocates Tax Reforms to Combat Under-Invoicing
The Pakistan Business Forum (PBF) has put forth a comprehensive set of proposals urging tax authorities to undertake significant reforms aimed at curbing under-invoicing by commercial importers and fostering industrial growth.
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PBC Proposes 24% Tax on Motor Vehicle Purchases by Non-Filers
The Pakistan Business Council (PBC) has put forth a bold proposal for the upcoming budget of 2024-25, recommending a significant increase in advance tax rates on motor vehicle purchases by non-filers of income tax returns.
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Foreign Investors Propose Demonetization of Rs 5,000 Banknote
Islamabad, May 11, 2024: In a bold move aimed at curbing cash transactions and enhancing tax compliance, foreign investors operating in Pakistan have proposed the government to demonetize the Rs 5,000 banknote.
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PM Shehbaz Directs Formulating Export-Friendly Trade Policy
Islamabad, May 10, 2024 – Prime Minister Shehbaz Sharif has instructed government officials to craft a new trade policy that prioritizes export enhancement and is friendly to business interests.
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Community Power: UNISAME Blueprint for SME Revival
In an impactful gathering hosted by the Union of Small and Medium Enterprises (UNISAME), leading SME experts and community leaders convened to discuss innovative strategies for accelerating SME growth in Pakistan from the grassroots level.
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Illicit Cigarettes Take Over Pakistani Market, Costing Billions
Islamabad, May 10, 2024: A new study by Ipsos Pakistan paints a concerning picture of the country’s cigarettes market, revealing a significant shift towards illicit brands.
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Think Tank Advocates for Stringent Cigarettes Taxation
ISLAMABAD: The Islamabad-based think tank, Capital Calling, has called for rigorous adjustments to the taxation policy on cigarettes, aiming to align it with global norms.
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MICADR Advised for Business Dispute Resolution in Pakistan
KARACHI: During a recent meeting at the Karachi Chamber of Commerce & Industry (KCCI), Justice (Retd.) Arif Hussain Khilji, Managing Director of Musaliha International Center for Arbitration and Dispute Resolution (MICADR), advocated for businesses to employ arbitration and mediation services provided by MICADR to resolve disputes.
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Citi Pharma Announces China-Based JV for API Expansion
Citi Pharma Limited, a key player in Pakistan’s pharmaceutical sector, has announced a significant joint venture (JV) with Hangzhou Newsea Technology Co. Ltd, aiming to bolster its Active Pharmaceutical Ingredients (API) manufacturing capabilities.
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