The Karachi Chamber of Commerce and Industry (KCCI) has proposed a comprehensive plan to tax income derived from cryptocurrency transactions within Pakistan’s jurisdiction, marking a significant step towards regulating the burgeoning digital asset market in the country.
(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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Textile Exports Reach $13.68 Billion Amid Marginal Dip in 10MFY24
Pakistan’s textile exports have maintained a robust trajectory, reaching $13.68 billion during the first ten months (July – April) of the fiscal year 2023-24, according to official data released on Thursday.
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Business Community Calls for Repeal of Section 7E
Amidst preparations for the upcoming budget 2024-25, the business community in Pakistan, represented by the Karachi Chamber of Commerce and Industry (KCCI), is vehemently urging the government to abolish Section 7E of the Income Tax Ordinance, 2001.
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Karachi Chamber Demands Revocation of Controversial SRO 350
Karachi Chamber of Commerce and Industry (KCCI) has called for the revocation of the controversial Statutory Regulatory Order (SRO) 350 through proposed amendments in the upcoming budget for the fiscal year 2024-25.
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KCCI Pushes for Tax Procedure Simplification in Budget 2024-25
Karachi Chamber of Commerce and Industry (KCCI) has mounted pressure on the government for the simplification of tax procedures in the upcoming budget for the fiscal year 2024-25.
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KCCI and NAVTTC Join Forces to Enhance Skills Training
KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) and the National Vocational & Technical Training Commission (NAVTTC) have inked a landmark Memorandum of Understanding (MOU) to forge a collaborative partnership aimed at enhancing demand-driven skills training across the country.
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KATI Urges Immediate Rate Cut as Inflation Declines Sharply
Karachi, May 13, 2024 – The Korangi Association of Trade and Industry (KATI) has called for an immediate reduction in the benchmark policy rate following a significant decline in weekly inflation, as reported by the Bureau of Statistics.
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FPCCI Urges Urgent Reopening of Chaman Border
Karachi, May 13, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for the immediate reopening of the Chaman Border to facilitate seamless transportation and alleviate the hardships faced by traders and communities on both sides of the border.
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OICCI Demands Development of Sales Tax Laws for Distributors
Karachi, May 13, 2024 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has urged the development of policy guidelines for sales tax laws on distributors, emphasizing the need for collaboration and coordination among federal and provincial tax regulators.
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Foreign Investors Demand Elimination of Super Tax
Karachi, May 12, 2024 – Foreign investors operating in Pakistan have issued a fervent plea to authorities to eliminate the super tax as part of the budget for the fiscal year 2024-25.
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