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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.

Finance Ministry 02

Aurangzeb Assures PBC of Addressing Budget Concerns

June 24, 2024June 24, 2024Shahnawaz Akhter

Islamabad, June 24, 2024 – Federal Minister for Finance and Revenue, Muhammad Aurangzeb, assured the Pakistan Business Council (PBC) on Monday that their recommendations would be considered in the finalization of the 2024-25 budget.

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KATI

KATI Sounds Alarm: Fixed Tax Abolition Threatens Export Industry

June 24, 2024June 24, 2024Shahnawaz Akhter

Karachi, June 24, 2024 – The Korangi Association of Trade and Industry (KATI) has issued a stern warning to the authorities, asserting that the proposed abolishment of the Fixed Tax Regime for exports will devastate the industry.

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Salt Manufacturers

SMAP Roils Over Proposed Tax Regime Shift in Pakistan

June 23, 2024June 23, 2024Faisal Shahnawaz

Karachi, June 23, 2024 – The Salt Manufacturers Association of Pakistan (SMAP) has become the latest industry group to voice strong opposition to a key provision in the recently unveiled federal budget.

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engro fertilizer

Engro Fertilizers Completes Largest EnVen Turnaround

June 21, 2024June 21, 2024Faisal Shahnawaz

Karachi, June 21, 2024: Engro Fertilizers has successfully completed the largest-ever scheduled maintenance activity of its EnVen Plant, wrapping up the 55-day turnaround on June 18, 2024.

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Federation of Pakistan Chambers

Anomaly Committee Calls for Review of New Exporters Tax Regime

June 21, 2024June 21, 2024Shahnawaz Akhter

Karachi, Pakistan – June 21, 2024 – Pakistan’s business community is calling for a reevaluation of a key provision in the recently unveiled Finance Bill 2024. The proposed change, a shift from a fixed tax regime for exporters to a regular tax system, has raised concerns and prompted a high-level meeting at the Federation of […]

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port activity

Exporters in Scramble to Avoid Tax Regime Shakeup

June 21, 2024June 21, 2024Shahnawaz Akhter

Islamabad, June 21, 2024 – Pakistan’s export sector is in a state of flux as exporters scramble to negotiate a way out of the proposed changes to their tax regime outlined in the Finance Bill 2024.

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PBC Proposals

Pakistan Ramps Up Real Estate Taxation in Finance Bill 2024

June 18, 2024June 18, 2024Shahnawaz Akhter

Karachi, Pakistan – June 16, 2024 – The real estate sector in Pakistan, long considered under-taxed, is facing a tightening noose from the government.

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textile manufacturing

Tax Changes for Exporters Threaten Forex Reserves, Warn Experts

June 18, 2024June 18, 2024Shahnawaz Akhter

Karachi, Pakistan – June 16, 2024 – Leading tax experts at KPMG Taseer Hadi & Co. have raised concerns about the impact of tax changes for exporters proposed in the Finance Bill 2024 on Pakistan’s foreign exchange reserves.

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trade and idustries in world

Finance Bill 2024: Tax Changes Impact on Manufacturing Sector

June 17, 2024June 17, 2024Shahnawaz Akhter

The cyclical nature of Pakistan’s manufacturing sector plays a pivotal role in shaping the overall economy, as it is intricately linked to the Composite Leading Indicator (CLI).

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Steel Producers

PALSP Applauds Tax Reforms for Steel Industry in Budget 2024-25

June 16, 2024June 16, 2024Faisal Shahnawaz

The Pakistan Association of Large Steel Producers (PALSP) has lauded the strategic tax reforms introduced in the 2024-25 budget, heralding a significant boost for the steel industry.

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