Islamabad, July 31, 2025 – Federal Minister for National Food Security and Research, Rana Tanveer Hussain, on Thursday strongly defended the government’s decision to allow the export of sugar amid rising concerns about local market conditions.
(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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Working groups formed to finalize export enhancement roadmap
Islamabad, July 30, 2025 – The Ministry of Commerce has formed three dedicated working groups tasked with drafting a comprehensive roadmap for increasing manufacturing exports. These working groups will assess key challenges related to duties, taxation, and financing—factors that significantly impact the cost and competitiveness of exports.
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SAI slams SBP for maintaining high policy rate
Karachi, July 30, 2025 – The SITE Association of Industry (SAI) on Wednesday strongly criticized the State Bank of Pakistan (SBP) for its decision to maintain the benchmark policy rate at 11%, despite a noticeable decline in inflation.
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Possessing illegal goods is smuggling: Collector Customs
Karachi, July 26, 2025 – Collector Customs (Enforcement), Karachi, Moinuddin Wani, has clearly stated that holding illegal goods is considered smuggling under the law. Speaking to the Karachi Chamber of Commerce and Industry (KCCI), he said: “If a trader is found with undeclared or illegally imported items, it falls under smuggling.”
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KCCI urges SBP to slash interest rate to 6%
Karachi, July 25, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly urged the State Bank of Pakistan (SBP) to implement a drastic cut in the benchmark interest rate, bringing it down from the current 11% to around 6%.
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CCP recovers Rs150 million from Reckitt Benckiser
Islamabad, July 25, 2025 – The Competition Commission of Pakistan (CCP) has successfully recovered a penalty of Rs150 million from Reckitt Benckiser Pakistan Limited for deceptive marketing practices related to its popular throat lozenge, Strepsils.
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Business community urges SBP for major policy rate cut
Karachi, July 25, 2025 – The business community has strongly urged the State Bank of Pakistan (SBP) to introduce a significant reduction in the policy rate during the upcoming Monetary Policy Committee (MPC) meeting scheduled for July 30, 2025.
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OICCI reports improvement in Pakistan’s security landscape
Karachi, July 24, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has released its Annual Security Survey 2025, revealing a marked improvement in Pakistan’s overall security environment, particularly in major commercial cities like Karachi, Lahore, and Islamabad.
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Pakistan sees surge in imports from India in FY25
Karachi, July 24, 2025 – Pakistan has recorded increase in imports from India during fiscal year 2024-25, official data revealed.
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Pakistan’s rice export suffers 15% decline in FY25
Karachi, July 23, 2025 – Pakistan’s rice export sector has taken a major hit during fiscal year 2024-25 (FY25), witnessing a sharp 15% decline in overall export value.
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