Islamabad, April 16, 2024 – Official data released on Tuesday revealed that Pakistan’s Large-Scale Manufacturing (LSM) sector witnessed a slight expansion of 0.6 percent in February 2024 compared to the same period last year.
(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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SECP Urges Removal of Multiple Taxes on Insurance
Islamabad: In a bid to unlock the potential of micro and inclusive insurance in Pakistan, the Securities and Exchange Commission of Pakistan (SECP) has called upon the Federal Board of Revenue (FBR) to eliminate multiple layers of taxation on insurance products.
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CCP Recommends Printing Expiry Date on Cement Bags
Islamabad, April 16, 2024 – In a bid to enhance consumer protection and promote transparency in the cement industry, the Competition Commission of Pakistan (CCP) has advocated for the mandatory printing of expiry dates on cement bags.
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PAJCCI Advocates for Karachi to Peshawar Cargo Train
Peshawar, April 14, 2024 – The Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) has strongly advocated for the initiation of a cargo train service from Karachi to Peshawar, aiming to facilitate the business community, particularly those involved in Pak-Afghan trade.
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UNISAME Urges Anomaly Removal for Commercial Imports
In a bid to foster fair trade practices and remove existing disparities in raw material clearance, the Union of Small and Medium Enterprises (UNISAME) has directed a fervent appeal towards the commerce ministry. The plea emphasizes the urgent need to rectify an anomaly that discriminates against commercial importers in comparison to their industrial counterparts.
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FPCCI Presents Solution for Increasing Tax to GDP Ratio at 15%
Karachi, April 6, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has put forth a comprehensive solution aimed at elevating the tax-to-GDP ratio to 15 percent, addressing the pressing need for fiscal stability and economic growth in Pakistan.
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US Companies Advocate Pakistan Tax Reforms in Budget 2024-25
Islamabad, April 5, 2024 – The American Business Council (ABC), representing US companies operating in Pakistan, has emphasized the need for tax reforms in the country through upcoming budget 2024-25 to bolster investor confidence and foster economic growth.
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Gallup Survey Finds Improved Business Confidence on New Govt
Karachi, April 5, 2024 – A survey conducted by Gallup Pakistan has unveiled a notable uptick in business confidence attributed to the efforts of the new government in Pakistan towards economic revival.
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Pakistan Forms Committee to Condone Foreign Trade Restrictions
Karachi, April 4, 2024 – Pakistan has taken a significant step in addressing foreign trade restrictions by constituting a committee of federal ministers to assess and potentially condone such limitations on a case-by-case basis.
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GSK Pakistan’s Gross Margin Declines Amid Economic Challenges, Says Chairperson
Karachi, April 3, 2024 – GlaxoSmithKline (GSK) Pakistan’s Chairperson, Lai Kuen Goh, has disclosed a significant decline in the company’s gross margin by 10 percent, attributing it to the prevailing economic conditions in the country.
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