Karachi, February 21, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has taken a strong stance, demanding the government to promptly implement a lower electricity tariff for 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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FBR Extends Export Facilitation Scheme to Entire Textile Chain
Lahore, February 21, 2024 – The Federal Board of Revenue (FBR) in Pakistan is set to expand its Export Facilitation Scheme (EFS) to encompass the entire textile value chain, according to Muhammad Sadiq, Chief Collector, Customs (Appraisement).
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Engro Polymer Pays Rs 1.7 Billion in Super Tax for CY23
Karachi, February 21, 2024 – Engro Polymer and Chemical Limited (EPCL) has contributed Rs 1.7 billion as super tax for the calendar year 2023.
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Engro Fertilizers welcomes gas tariff revision
Karachi, February 20, 2024 – Engro Fertilizers welcomes the fact that the government has taken a bold first step by removing the subsidy for fertilizer manufacturers that get their gas from the SNGPL network, which represents 60% of all fertilizer manufacturing capacity.
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Engro Fertilizers Sets New Record of Urea Production in 2023
Karachi, February 16, 2024 – Engro Fertilizers, Pakistan’s leading seed-to-harvest solutions provider, announced a historic achievement with a record urea production of 2.3 million tons in 2023.
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KCCI Urges Authorities to End Tax Exemptions for FATA/PATA
Karachi, February 15, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has called on the authorities to abolish tax exemptions granted to Federally Administered Tribal Areas (FATA) and Provincially Administered Tribal Areas (PATA).
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Pakistan Sees Surge in Smoking Cessation After Tax Hike – Report
Islamabad, February 14, 2024: A new study by Capital Calling, a prominent Pakistan think tank, reveals a significant drop in cigarette consumption following the government’s implementation of higher taxes on tobacco products.
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APTMA Warns of 50% Shutdown in Textile Sector
Karachi, February 14, 2024 – The All Pakistan Textile Mills Association (APTMA) issued a stern warning to the government on Wednesday, cautioning that over 50 percent of firms in the textile and apparel sector are at high risk of shutting down in the coming weeks unless urgent corrective measures are taken.
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PTBA Urges SECP to Revamp Guidelines for Procedural Alleviation
Karachi, February 7, 2024 – The Pakistan Tax Bar Association (PTBA) has fervently called upon the Securities and Exchange Commission of Pakistan (SECP) to proactively update its guidelines and eliminate procedural hurdles, fostering a more conducive environment for all facets of the business realm.
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BMG Chairman Pledges Advocacy for Karachi Small Traders
Karachi, February 7, 2024 – Zubair Motiwala, Chairman of Business Group (BMG), has affirmed his commitment to champion the rights of small traders in Karachi across all platforms.
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