Karachi, January 29, 2024 – The Salt Manufacturers Association of Pakistan (SMAP) has expressed deep concern over the exclusion of the salt industry from the automatic Faster System for sales tax refunds, resulting in a financial deadlock for several months.
(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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Philippines and Pakistan Eye Expanding Trade Relations
Karachi, January 29, 2024 – In a recent meeting at the Karachi Chamber of Commerce & Industry (KCCI), the Ambassador of the Republic of the Philippines, Maria Agnes Cervantes, highlighted the substantial potential for increased trade between the Philippines and Pakistan.
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Austrian Ambassador Explores Investment Prospects in Pakistan
Karachi, January 29, 2024 – Ambassador of Austria to Pakistan and Afghanistan, Andrea Wicke, delved into investment prospects in Pakistan during a meeting held on Monday.
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Johnson & Phillips (Pakistan) Initiates Delisting Process from PSX
Karachi, January 29, 2024 – Johnson & Phillips (Pakistan) Limited has formally announced its decision to delist from the Pakistan Stock Exchange (PSX), marking a strategic move in the company’s corporate structure.
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Business Leaders Prefer Anti-Smuggling to Trade Restrictions
Peshawar, January 27, 2024 – In a meeting held at Custom House Peshawar, a delegation of business leaders has urged the Federal Board of Revenue (FBR) to focus on curbing smuggling rather than imposing restrictions on Pak-Afghan trade.
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KCCI Urges Swift Release of Rs 28 Billion for Karachi Industries
Karachi, January 27, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has vehemently called on the caretaker government to urgently release the long overdue Rs 28 billion incremental package earmarked for industries in Karachi.
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Lucky Cement’s 107% Profit Surge in 2QFY24 Above Expectations
Karachi, January 26, 2024 – Lucky Cement Limited (LUCK) has stunned the market by announcing its 2QFY24 financial results, revealing an unconsolidated Profit After Tax (PAT) of PKR 6.8 billion, translating to Earnings Per Share (EPS) of PKR 22.9.
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Pakistan’s Private Sector Shuns New Loans, Retires Rs 8 Billion
Karachi, January 24, 2024 – Pakistan’s private sector has exhibited resilience in the face of challenging economic conditions, retiring a substantial amount of Rs 8 billion in the current fiscal year as opposed to seeking fresh loans.
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SAI Urges Early Notification for Reduced Power Tariff Rates
Karachi, January 23, 2024 – The Site Association of Industry (SAI) is urging the government to expedite the issuance of notifications concerning the reduction of power tariff rates.
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Karachi and Tehran Chambers Support De-escalation Efforts
Karachi, January 23, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) and the Tehran Chamber of Commerce, Industries, Mines, and Agriculture (TCCIMA) have jointly voiced their strong endorsement for diplomatic initiatives seeking to de-escalate tensions between Pakistan and Iran.
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