PkRevenue.com – Business confidence in Pakistan has seen a slight improvement, rising by 4 percent, though it remains in negative territory. This is according to the 25th Wave of the Business Confidence Index (BCI) survey conducted by the Overseas Investors Chamber of Commerce and Industry (OICCI). The survey was carried out across Pakistan during March-April 2024.
(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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ICAP Recommends Real-Time Monitoring of Property Transactions
PkRevenue.com – The Institute of Chartered Accountants of Pakistan (ICAP) has proposed that the tax authorities implement real-time reporting of property transactions.
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Business Community Anticipates Currency Depreciation in 2024-25
PkRevenue.com – The Pakistan Business Forum (PBF) has issued a warning that the business community is likely to face further depreciation of the local currency in the upcoming fiscal year.
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KCCI Demands Uniform WHT Rate for Importers, Manufacturers
PkRevenue.com – The Karachi Chamber of Commerce and Industry (KCCI) has called on authorities to implement a uniform withholding tax (WHT) rate for both commercial importers and manufacturers in the upcoming budget for 2024-25.
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Karachi Industrialists Demand Full Restoration of Electricity
PkRevenue.com – Karachi industrialists on Saturday called upon K-Electric to fully restore electricity to factories and manufacturing units in the city.
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Steel Industry Representatives Meet Finance Minister
PkRevenue.com – On Thursday, representatives from the steel industry met with Finance Minister Muhammad Aurangzeb to discuss proposals for the upcoming 2024-25 budget.
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UNISAME Fears More Tax Burden Will Cripple SME Sector
PkRevenue.com – Zulfikar Thaver, President of the Union of Small and Medium Enterprises (UNISAME), has expressed grave concerns over potential new tax burdens in the upcoming 2024-25 budget, warning that additional taxes could severely cripple the already struggling SME sector.
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Oman Seeks to Expand Imports from Pakistan
PkRevenue.com – The Consul General of the Sultanate of Oman, Eng. Sami Abdullah Al Khanjari, announced Oman’s intent to broaden its import spectrum from Pakistan, focusing on the high-quality agricultural products Pakistan offers.
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Health Experts Recommend 40% Increase in Tobacco Tax
Pkrevenue.com – Health experts have urged the Federal Board of Revenue (FBR) to implement a 40% increase in tobacco taxes in the budget for the fiscal year 2024-25. This proposal aims to reduce tobacco consumption, enhance government revenue, and address the significant health costs associated with smoking.
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Business Community Rejects Public Holiday on Youm-e-Takbeer
PkRevenue.com – The business community has voiced strong opposition to the public holiday announced by Prime Minister Shehbaz Sharif on the occasion of Youm-e-Takbeer.
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