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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.

Yarn Merchants

PYMA Demands Abolishing Regulatory Duty on Yarn

July 29, 2024July 29, 2024Shahnawaz Akhter

KARACHI, July 29, 2024 – Sohail Nisar, Senior Vice Chairman of the Pakistan Yarn Merchants Association (PYMA), alongside Vice Chairman Jaweed Khanani and members of the Executive Committee, has expressed deep concern regarding the imposition of regulatory duty (RD) on polyester yarn under HS Codes 5402.3300, 5402.4700, and 5402.4600.

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SITE Association

SSGC Completes Dedicated Gas Pipeline for SITE Industries

July 26, 2024July 26, 2024Shahnawaz Akhter

Karachi, July 26, 2024 – Sui Southern Gas Company (SSGC) has achieved a significant milestone by laying a dedicated 24-inch diameter, 31-kilometer-long high-pressure gas pipeline exclusively for the industrial consumers in the SITE area of Karachi.

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KCCI Photo

KCCI Signals Street Protests as Last Resort for Economic Relief

July 24, 2024July 24, 2024Shahnawaz Akhter

Karachi, July 24, 2024: The Karachi Chamber of Commerce and Industry (KCCI) has suggested that street protests might be the only effective method to compel the government to address pressing economic issues.

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KATI

KATI Warns of Challenges in Achieving $60 Billion Export Target

July 24, 2024July 24, 2024Shahnawaz Akhter

Karachi, July 24, 2024 – The Korangi Association of Trade and Industry (KATI) has raised significant concerns over the government’s ambitious target of achieving $60 billion in exports within the next three years. In a recent statement, KATI President Qandhari highlighted the substantial challenges posed by high production costs and heavy taxation on the export […]

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Pakistan Business

PBC Raises Concerns Over Ambitious $65 Billion Export Target

July 24, 2024July 24, 2024Shahnawaz Akhter

Karachi, July 24, 2024 – The Pakistan Business Council (PBC), a leading advocacy group for Pakistani businesses, has expressed reservations about the government’s ambitious export target of $65 billion to be achieved within the next three years.

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Prime Minister Shehbaz Sharif

PM Shehbaz Sets Ambitious $60 Billion Export Target for Pakistan

July 23, 2024July 23, 2024Mrs. Anjum Shahnawaz

Karachi, July 23, 2024 – Prime Minister Shehbaz Sharif chaired a pivotal meeting of the National Export Development Board on Tuesday, tasking authorities with a bold directive: elevate the country’s annual exports to $60 billion within the next three years.

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APTMA

APTMA Urges Revisions to IPP Deals to Rescue Textile Sector

July 23, 2024July 23, 2024Mrs. Anjum Shahnawaz

Lahore, July 23, 2024 – The All Pakistan Textile Mills Association (APTMA) has called upon the government to urgently reconsider its agreements with Independent Power Producers (IPPs) to safeguard the textile industry, particularly its export-oriented segment.

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Yarn Merchants

PYMA Warns of Industry Collapse Amid Skyrocketing IPP Charges

July 22, 2024July 22, 2024Shahnawaz Akhter

Karachi, July 22, 2024 – The Pakistan Yarn Merchants Association (PYMA) on Monday voiced serious concerns over the high payments of capacity charges to Independent Power Producers (IPPs), warning that these could lead to an industry shutdown.

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KATI

End the IPP Drain! KATI Demands Fair Electricity Market

July 20, 2024July 20, 2024Faisal Shahnawaz

Karachi, July 20, 2024 – Pakistan’s industrial sector is calling for a shake-up, with the Korangi Association of Trade and Industry (KATI) urging a dramatic shift in the country’s energy policy.

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KCCI Photo

KCCI Demands Review on Unjust Tax Measures, Energy Tariffs

July 19, 2024July 19, 2024Shahnawaz Akhter

Karachi, July 19, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has issued a stern demand for the government to reassess its taxation policies and energy tariffs, citing severe repercussions on various sectors of the economy.

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