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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.

Pakistan Business

SRO 350 Sparks Controversy as PBC Raises Tax Return Concerns

July 9, 2024July 9, 2024Shahnawaz Akhter

Karachi, July 9, 2024 – The Pakistan Business Council (PBC) has raised significant concerns regarding recent amendments to the Sales Tax Rules, 2006, introduced through SRO 350(I)/2024 by the Federal Board of Revenue (FBR).

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KCCI Photo

Karachi Chamber Demands FBR Address Controversial SRO 350

July 9, 2024July 9, 2024Shahnawaz Akhter

Karachi, July 9, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the Federal Board of Revenue (FBR) to promptly resolve the ongoing issues related to SRO 350 (I)/2004, which have been a source of significant concern for the business community.

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pakistan customs

Pakistan Customs Vows Speedy Clearance for Businesses

July 8, 2024July 8, 2024Shahnawaz Akhter

Karachi, July 8, 2024 – Pakistan Customs pledged to expedite customs clearance procedures during a meeting with representatives from the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday.

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Federation of Pakistan Chambers

FPCCI Demands Immediate Cancellation of IPP Contracts

July 5, 2024July 5, 2024Shahnawaz Akhter

Karachi, July 5, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for the immediate cancellation of contracts with Independent Power Producers (IPPs).

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Pakistan and Saudi Arabia Economic

Saudi Arabia Eases Visa Restrictions for Pakistani Tourists

July 3, 2024July 3, 2024Faisal Shahnawaz

Islamabad, July 3, 2024 – Saudi Arabia has announced significant changes to its tourist visa requirements for Pakistani travelers, effective immediately. According to a statement released on Wednesday, applicants can now submit a bank statement showing a minimum monthly credit amount of USD 750 or its equivalent as part of their visa application process.

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MPCL

Mari Mining Gets Mineral Licenses for Exploration in Balochistan

July 3, 2024July 3, 2024Shahnawaz Akhter

Karachi, July 3, 2024 – Mari Mining Company Private Limited announced on Wednesday that it has secured mineral exploration licenses in Chagai, Balochistan. The company, a wholly-owned subsidiary of Mari Petroleum Company Limited (MPCL), disclosed this development in a communication shared with the Pakistan Stock Exchange (PSX).

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ABAD House Pakistan

ABAD Decides to Move Court Against 2024-25 Budget

July 2, 2024July 2, 2024Shahnawaz Akhter

Karachi, July 2, 2024 – The Association of Builders and Developers of Pakistan (ABAD) has announced its decision to challenge the harsh tax measures introduced in the 2024-25 budget in court.

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sugar export

SBP Issues Guidelines to Banks for Sugar Export

July 2, 2024July 2, 2024Shahnawaz Akhter

Karachi, July 2, 2024 (PkRevenue.com) – The State Bank of Pakistan (SBP) on Tuesday issued detailed guidelines to banks for processing requests related to the export of sugar.

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Overseas Chamber

OICCI Members Spend Rs 13 Billion for CSR Activities

July 2, 2024July 2, 2024Faisal Shahnawaz

Karachi, July 2, 2024 – The members of the Overseas Investors Chamber of Commerce and Industry (OICCI) have made a significant contribution to Corporate Social Responsibility (CSR) activities, spending an impressive Rs 13 billion in the fiscal year 2022-2023.

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Citi Pharma

Citi Pharma Pakistan Inks Supply Agreement with Indian Company

July 2, 2024July 2, 2024Shahnawaz Akhter

Karachi, July 2, 2024 – Citi Pharma Limited Pakistan has announced a landmark agreement with Murli Krishna Pharma Private Limited, an Indian company. The partnership, revealed on Tuesday, aims to enhance the pharmaceutical landscape in Pakistan through the supply of high-quality Active Pharmaceutical Ingredients (APIs) and products.

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  • FBR reshuffles senior Pakistan Customs bureaucracy ahead of FY2026-27
  • FBR dismisses Karachi customs officer over unauthorised anti-smuggling operation
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