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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.

Depository Company

CDC Pakistan and SFTL Sign Landmark Agreement

June 11, 2024June 11, 2024Faisal Shahnawaz

Salaam Family Takaful Limited (SFTL) and Central Depository Company of Pakistan Limited (CDC) have entered into an agreement for SFTL’s participation in the Centralized Information Sharing Solution for the Insurance Industry (CISSII) and Centralized Insurance Repository (CIR).

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KCCI Photo

KCCI Expresses Disappointment on Meager Rate Cut

June 10, 2024June 10, 2024Shahnawaz Akhter

PkRevenue.com – The Karachi Chamber of Commerce and Industry (KCCI) on Monday expressed disappointment over the State Bank of Pakistan’s (SBP) recent rate cut, describing it as a meager reduction.

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Federation of Pakistan Chambers

FPCCI Demands Larger Rate Cut, Rejects 150bps Reduction

June 10, 2024June 10, 2024Shahnawaz Akhter

Karachi, June 10, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed strong dissatisfaction with the State Bank of Pakistan’s (SBP) recent decision to cut the key policy rate by 150 basis points.

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sugar export

Pakistan Decides to Export 150,000 MT Sugar

June 10, 2024June 10, 2024Mrs. Anjum Shahnawaz

Islamabad, June 10, 2024 – Pakistan has conditionally approved the export of 150,000 metric tons of sugar, following a request from the Pakistan Sugar Mills Association (PSMA). This decision aims to balance the needs of local markets while fulfilling the demands of sugar producers.

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Karachi Port Activity

Karachi Port in Gridlock: Thousands of Containers Stranded

June 9, 2024June 9, 2024Shahnawaz Akhter

Karachi, June 9, 2024 — Khurram Ejaz, former president of the Karachi Customs Agents Association, has sharply criticized port authorities for their lack of preparation in clearing thousands of containers stuck at Karachi Port.

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Federation of Pakistan Chambers

FPCCI Estimates Rs 50 Trillion Untaxed Money in Pakistan

June 9, 2024June 9, 2024Shahnawaz Akhter

PkRevenue.com – Pakistan’s top trade body, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has unearthed a colossal amount of untaxed money circulating within the country – a staggering Rs 50 trillion.

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statutory order

FPCCI Demands SRO 350 Withdrawal to Ease Compliance Costs

June 8, 2024June 8, 2024Shahnawaz Akhter

PkRevenue.com — The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called on tax authorities to withdraw SRO 350(I)/2024, citing increased compliance costs and bureaucratic hurdles for registered taxpayers.

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PBC Proposals

FPCCI Advocates Revoking Section 8B of Sales Tax Act

June 8, 2024June 8, 2024Shahnawaz Akhter

PkRevenue.com — The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for the revocation of Section 8B of the Sales Tax Act, 1990 in the forthcoming budget for the fiscal year 2024-25.

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Federation of Pakistan Chambers

FPCCI Calls for Abolishment of Further Tax in 2024-25 Budget

June 8, 2024June 8, 2024Shahnawaz Akhter

PkRevenue.com – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed the elimination of the further tax in the forthcoming 2024-25 budget, aiming to alleviate the burden on the business community.

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Rice Pakistan Containers

Kenya Releases 1,300 Containers of Pakistani Rice

June 8, 2024June 8, 2024Mrs. Anjum Shahnawaz

PkRevenue.com – Kenya has authorized the release of 1,300 containers of Pakistani rice that had been delayed at the Port of Mombasa. This resolution follows the proactive intervention of Pakistani Federal Minister for Commerce, Jam Kamal Khan, signaling strengthened economic ties between the two countries.

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