The Pakistan Association of Large Steel Producers (PALSP) has formally petitioned Finance Minister Muhammad Aurangzeb, urging an end to what it describes as discriminatory tax practices that adversely affect the steel sector compared to other industries.
(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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KTC Urges FBR to Reassess Tobacco Taxes Amid Falling Sales
The Khyber Tobacco Company Limited (KTC), a leading national tobacco manufacturer, has reached out to the Federal Board of Revenue (FBR) seeking a review and adjustment of the current tax policies affecting tobacco sales.
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FPCCI Advocates for Setting Up Maritime Regulatory Authority
Karachi, May 3, 2024 – In a strategic move aimed at bolstering Pakistan’s maritime sector, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for the creation of a dedicated maritime regulatory body.
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Governor Tessori Commits to Resolving SITE Industrial Challenges
Karachi, May 4, 2024 – Sindh Governor Muhammad Kamran Khan Tessori has pledged comprehensive measures to address longstanding challenges faced by the SITE Association of Industries.
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PBC Calls for Higher Taxes on Non-Filers in 2024-25 Budget
The Pakistan Business Council (PBC) has proposed sweeping changes in the upcoming 2024-25 budget, urging the Federal Board of Revenue (FBR) to impose aggressively high taxes on non-filers in an effort to combat tax evasion and encourage compliance.
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Mongolian Envoy Advocates for Increased Business Exchanges
Karachi, May 2, 2024 – Mongolian Deputy Head of Mission , Lkhanaajav Munkhtushig, emphasized the need for increased exchanges of business delegations between Mongolia and Pakistan to strengthen trade relations.
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CCP Proposal of Expiry Date on Cement Bags Endorsed
Islamabad, May 2, 2024 – The Ministry of Science and Technology (MoST) has supported a recommendation from the Competition Commission of Pakistan (CCP) to revise national cement standards to include manufacturing and expiry dates on cement bags.
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KCCI Applauds Govt Move to Limit Customs Raids
Karachi, April 30, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has commended the recent government decision to limit the scope of Pakistan Customs’ raids on business premises, heralding a significant shift towards more business-friendly policies.
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PTC Reports Domestic Volume Falls by 23% YoY in 1Q 2024
In a concerning revelation, Pakistan Tobacco Company (PTC) has announced a dramatic 23 percent decline in domestic sales volume for the first quarter of 2024, a stark contrast to the same period last year.
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Pakistan Faces Rs 800 Billion Loss from IPR Violations
Karachi, April 29, 2024 – Pakistan economy suffered a substantial loss of approximately Rs 800 billion last year due to violations of intellectual property rights (IPR), according to a recent survey conducted by the Overseas Investors Chamber of Commerce and Industry (OICCI).
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