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Category: Trade & Industry

Trade & Industry news covering business developments, industrial growth, manufacturing trends, and economic policies shaping domestic and global markets.

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Pakistan Reports 14% Surge in Exports During 2MFY25

September 3, 2024September 3, 2024Shahnawaz Akhter

Karachi, September 3, 2024 – Pakistan recorded a significant increase in its export earnings during the first two months (July–August) of the fiscal year 2024-25, showcasing a robust economic performance.

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Steel Producers

Steel Sector Urges FBR for Swift Tax Exemption Action

September 3, 2024September 3, 2024Mrs. Anjum Shahnawaz

Islamabad, September 3, 2024 – The steel industry has urged the Federal Board of Revenue (FBR) to promptly implement the budgetary decision to exempt sales tax on the sale or supply of local scrap.

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KCCI Photo

Iranian Oil Giant Urges Ban on Unofficial Pakistan Trade

August 30, 2024August 30, 2024Shahnawaz Akhter

KARACHI, August 30, 2024 – Reza Babak Afghahi, Chief Executive of Iranian Ta’min Petroleum & Petrochemical Investment Company (TAPPICO), emphasized the importance of eliminating unofficial trade between Iran and Pakistan, advocating for the enhancement of official trade channels.

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KATI

KATI Joins Forces with Traders in National Shutdown Protest

August 27, 2024August 27, 2024Shahnawaz Akhter

Karachi, August 27, 2024 – The Korangi Association of Trade and Industry (KATI) announced on Tuesday its support for the nationwide shutter down strike called by traders across Pakistan.

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SITE Association

SITE Association Endorses Traders August 28 Strike

August 27, 2024August 27, 2024Shahnawaz Akhter

Karachi, August 27, 2024 – The SITE Association of Industry, a prominent representative body of industrialists in Karachi, has declared its support for the traders’ strike set for August 28, 2024.

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Federation of Pakistan Chambers

FPCCI Demands Immediate Cut in Policy Rate to 15%

August 27, 2024August 27, 2024Shahnawaz Akhter

Karachi – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called on the State Bank of Pakistan (SBP) to immediately reduce the key policy rate to 15%. This demand comes in response to what the FPCCI views as insufficient cuts in the policy rate over the last two monetary policy meetings.

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KCCI Photo

KCCI Members Urged to Diversify Exports to Malawi

August 26, 2024August 26, 2024Shahnawaz Akhter

Karachi, August 26, 2024 – The Honorary Consul General of the Republic of Malawi, Abdullah Zaki, has encouraged the members of the Karachi Chamber of Commerce and Industry (KCCI) to diversify their exports to Malawi.

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Tax Budget

Karachi Traders Firm on August 28 Shutter Down

August 25, 2024August 25, 2024Shahnawaz Akhter

Karachi, August 25, 2024 – In a heated press conference held on Sunday, prominent traders associations from Karachi announced their firm stance to proceed with a shutter-down strike on August 28, 2024.

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KCCI Photo

KCCI Backs Traders’ August 28 Shutdown Over Tax Issues

August 23, 2024August 23, 2024Shahnawaz Akhter

Karachi, August 23, 2024 – In a move that has captured widespread attention, the Karachi Chamber of Commerce and Industry (KCCI) has announced its support for a nationwide business shutdown planned by traders on August 28.

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Nestle Pakistan Financial

Nestle Pakistan Fears 2024-25 Taxes to Impact Growth

August 23, 2024August 23, 2024Faisal Shahnawaz

Karachi, August 23, 2024 – Nestle Pakistan Limited has expressed concerns that the new taxes introduced in the recent federal budget 2024-25 could significantly impact its growth trajectory.

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  • Sindh announces two-day public holiday for Ashura 2026
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