Karachi, November 15, 2023 – Pakistan large-scale manufacturing sector experienced a notable growth of 1% in September 2023 on a year-on-year (YoY) basis, as per official statistics released by the Pakistan Bureau of Statistics on Wednesday.
(more…)Category: Trade & Industry
This section covers news on trade and industry. Pakistan Revenue is committed to providing the latest updates on business trends.
-
Karachi Safe City Project to Become Functional by January 2024
Karachi, November 15, 2023 – Brig. (R) Haris Nawaz, Sindh Caretaker Minister for Home & Prisons Department, announced on Tuesday that the Karachi Safe City Project is slated to become operational by January 2024, providing a significant boost to the city’s efforts to combat street crimes and enhance public safety.
(more…) -
SECP Unveils Ambitious Five-Year Plan to Propel Insurance Sector Premium to Rs 1.22 Trillion
Islamabad, November 14, 2023 – The Securities and Exchange Commission of Pakistan (SECP) is set to embark on an ambitious journey to elevate the premium of the insurance sector by approximately 130 percent, targeting a substantial increase from the existing Rs 533 billion to Rs 1.22 trillion within the next five years, concluding by fiscal year 2028.
(more…) -
SITE Karachi Industries Protest Soaring Gas Tariff, Fear Closure and Job Losses
Karachi, November 13, 2023 – The SITE Association of Industry (SAI) in Karachi has vehemently opposed the significant surge in gas tariffs, citing the adverse impact it is having on the industrial sector.
(more…) -
FPCCI Estimates Up to Rs20 per Liter Decrease in Petroleum Prices in Pakistan
Karachi, November 13, 2023 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has projected that the country could witness a reduction of up to Rs 20 per liter in petroleum prices starting from November 16.
(more…) -
UAE Real Estate Conglomerate Announces $25 Billion Investment in Pakistan
Karachi, November 10, 2023 – A consortium of real estate companies from the United Arab Emirates (UAE) has expressed its intent to invest a staggering $25 billion in Pakistan’s construction industry.
(more…) -
Foreign Investors Raise Concerns About Pakistan’s Energy Sector
Islamabad – Foreign investors of Overseas Investors Chamber of Commerce and Industry (OICCI) operating in Pakistan have brought to the forefront critical issues regarding the energy sector in the country.
(more…) -
Deputy Speaker of New York State Assembly Phil Ramos Visits Pakistan, Meets Business Community
Karachi, November 8, 2023 – In a significant step to strengthen economic ties between New York and Pakistan, Deputy Speaker of the New York State Assembly Phil Ramos paid a visit to Pakistan and met with the business community to explore potential areas of cooperation.
(more…) -
Salt Manufacturers Seek Equal Access to FASTER for Refund Claims
Karachi, November 3, 2023 – The Salt Manufacturers Association of Pakistan (SMAP) has made a compelling appeal to the Federal Board of Revenue (FBR), urging the processing of refund claims through the FASTER (Fully Automated Sales Tax E-Refund) system for all exporters, highlighting a pressing issue that affects numerous members within the industry.
(more…)
