Pakistan is poised to introduce a comprehensive new industrial policy in the upcoming 2024-25 budget, according to Rana Tanveer Hussain, the Federal Minister for Industry and Production.
(more…)Category: Trade & Industry
This section covers news on trade and industry. Pakistan Revenue is committed to providing the latest updates on business trends.
-
Free Zone Agriculture Industrial Park Opens Doors at Gwadar
Gwadar, May 4, 2024 – A significant stride towards economic development and self-sufficiency in agriculture was made today as Federal Minister for Marine Affairs, Qaiser Ahmad Sheikh, inaugurated the Free Zone Agriculture Industrial Park in Gwadar.
(more…) -
PBC Proposes Elimination of Minimum Tax for Listed Companies
The Pakistan Business Council (PBC) has put forward a significant proposal aimed at boosting economic activity among listed companies by recommending the abolition of the minimum tax.
(more…) -
PBC Alert: Commercial Importers Endanger Domestic Industries
The Pakistan Business Council (PBC) has issued a stark warning regarding the harmful impacts of massive under-invoicing by commercial importers, stating that this practice is severely damaging Pakistan’s domestic industries.
(more…) -
PALSP Calls on Government to Rectify Tax Inequities
The Pakistan Association of Large Steel Producers (PALSP) has formally petitioned Finance Minister Muhammad Aurangzeb, urging an end to what it describes as discriminatory tax practices that adversely affect the steel sector compared to other industries.
(more…) -
KTC Urges FBR to Reassess Tobacco Taxes Amid Falling Sales
The Khyber Tobacco Company Limited (KTC), a leading national tobacco manufacturer, has reached out to the Federal Board of Revenue (FBR) seeking a review and adjustment of the current tax policies affecting tobacco sales.
(more…) -
FPCCI Advocates for Setting Up Maritime Regulatory Authority
Karachi, May 3, 2024 – In a strategic move aimed at bolstering Pakistan’s maritime sector, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for the creation of a dedicated maritime regulatory body.
(more…) -
Governor Tessori Commits to Resolving SITE Industrial Challenges
Karachi, May 4, 2024 – Sindh Governor Muhammad Kamran Khan Tessori has pledged comprehensive measures to address longstanding challenges faced by the SITE Association of Industries.
(more…) -
PBC Calls for Higher Taxes on Non-Filers in 2024-25 Budget
The Pakistan Business Council (PBC) has proposed sweeping changes in the upcoming 2024-25 budget, urging the Federal Board of Revenue (FBR) to impose aggressively high taxes on non-filers in an effort to combat tax evasion and encourage compliance.
(more…) -
Mongolian Envoy Advocates for Increased Business Exchanges
Karachi, May 2, 2024 – Mongolian Deputy Head of Mission , Lkhanaajav Munkhtushig, emphasized the need for increased exchanges of business delegations between Mongolia and Pakistan to strengthen trade relations.
(more…)