Islamabad, July 6, 2025 – Pakistan’s export landscape is shifting—and the numbers tell an interesting story. According to the Economic Survey of Pakistan for FY 2024-25, the country’s export share to the United States has grown, while it has declined with China.
(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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Tax login trouble: KCCI flags QR code flaws
Karachi, July 4, 2025 — The Karachi Chamber of Commerce and Industry (KCCI) has raised serious concerns over the new QR code authentication system introduced by the Federal Board of Revenue (FBR) for accessing the IRIS portal.
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PM committees suggest 26% corporate rate for industry revival
Islamabad, July 4, 2025 – In a major development aimed at industry revival, the Prime Minister’s Committees on Industrial Policy have proposed a significant reduction in the corporate tax rate to 26%.
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KCCI roars against draconian laws: demands relief for taxpayers
Karachi, July 3, 2025 — In an explosive press conference that sent shockwaves through Pakistan’s business circles, the Karachi Chamber of Commerce and Industry (KCCI) launched a scathing attack on the government’s newly enacted Sections 37A and 37B of the Sales Tax Act, 1990, calling them “draconian” and a direct assault on law-abiding taxpayers.
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PYMA decries ‘black laws’, slams FBR’s expanding authority
Karachi, July 2, 2025 – In a bold and fiery stance, the Pakistan Yarn Merchants Association (PYMA) has launched a sharp offensive against what it calls the “excessive and draconian authority” granted to the Federal Board of Revenue (FBR) under the newly passed Finance Act, 2025.
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Pakistan’s trade deficit soars to over $26 billion in FY 2024-25
Islamabad, July 2, 2025 – Pakistan’s trade deficit surged to $26.27 billion in the fiscal year 2024-25, marking a significant 9% increase compared to the previous year, according to data released by the Pakistan Bureau of Statistics (PBS) on Wednesday.
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KCCI set for major showdown against FBR’s arrest powers
Karachi, July 1, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) is gearing up for a thunderous showdown against what it calls the “oppressive and unjust” arrest powers granted to the Federal Board of Revenue (FBR) under the newly passed Finance Act, 2025.
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PCDMA warns of Rs25 billion loss from EFS abuse
Karachi, July 1, 2025 – The Pakistan Chemical and Dyes Merchants Association (PCDMA) has raised serious concerns over the rampant misuse of the Export Facilitation Scheme (EFS), claiming that fraudulent practices under the scheme have inflicted a staggering Rs25 billion loss on the national exchequer.
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Anomalies committee chief raises alarm over FBR negligence
Karachi, June 28, 2025 – Ehsan Malik, Chairman of the Finance Bill 2025 Anomalies Committee (Business), has sounded the alarm over what he described as “unprecedented negligence” and “utter disrespect” shown by top Federal Board of Revenue (FBR) officials.
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PM forms high-powered committee to revive industrial growth
Islamabad, June 27, 2025 – In a move to rejuvenate Pakistan’s struggling industrial sector, Prime Minister Shehbaz Sharif has formed a high-powered committee to develop a comprehensive strategy for the revival of industrial growth.
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