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.
(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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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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Pakistan Business Council Seeks Clarity on Group Taxation
Karachi, May 6, 2024 – The Pakistan Business Council (PBC), a leading advocacy group representing major businesses in the country, has submitted proposals for the upcoming budget 2024-25. A key area of focus for the PBC is seeking amendments to the existing group taxation regulations to provide clarity and relief regarding inter-corporate dividends (ICD).
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Engro and DH Corp Boards Greenlight Major Restructuring Plan
In a significant move on May 3, 2024, the boards of Engro Corporation Limited (Engro Corp) and DH Corporation Limited (DH Corp) approved a restructuring plan involving, aiming to optimize capital allocation and enhance shareholder returns.
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High-Profile Saudi Trade Delegations Arrives in Islamabad
Islamabad, May 5, 2024 – A significant stride towards enhancing bilateral economic relations between Saudi Arabia and Pakistan was marked by the arrival of a high-profile Saudi trade delegation in Islamabad on Sunday.
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Afghan TT Abuses and Iran Smuggling Strain Pakistan Economy
In a revealing assessment by the Pakistan Business Council (PBC), the misuse of the Afghan Transit Trade (ATT) agreement along with unchecked smuggling from Iran has been spotlighted as significant drains on Pakistan’s economy.
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Pakistan Set to Unveil New Industrial Policy in 2024-25 Budget
Pakistan is poised to introduce a comprehensive new industrial policy in the upcoming 2024-25 budget, according to Rana Tanveer Hussain, the Federal Minister for Industry and Production.
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Free Zone Agriculture Industrial Park Opens Doors at Gwadar
Gwadar, May 4, 2024 – A significant stride towards economic development and self-sufficiency in agriculture was made today as Federal Minister for Marine Affairs, Qaiser Ahmad Sheikh, inaugurated the Free Zone Agriculture Industrial Park in Gwadar.
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PBC Proposes Elimination of Minimum Tax for Listed Companies
The Pakistan Business Council (PBC) has put forward a significant proposal aimed at boosting economic activity among listed companies by recommending the abolition of the minimum tax.
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