Islamabad, May 2, 2024 – The Ministry of Science and Technology (MoST) has supported a recommendation from the Competition Commission of Pakistan (CCP) to revise national cement standards to include manufacturing and expiry dates on cement bags.
(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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KCCI Applauds Govt Move to Limit Customs Raids
Karachi, April 30, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has commended the recent government decision to limit the scope of Pakistan Customs’ raids on business premises, heralding a significant shift towards more business-friendly policies.
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PTC Reports Domestic Volume Falls by 23% YoY in 1Q 2024
In a concerning revelation, Pakistan Tobacco Company (PTC) has announced a dramatic 23 percent decline in domestic sales volume for the first quarter of 2024, a stark contrast to the same period last year.
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Pakistan Faces Rs 800 Billion Loss from IPR Violations
Karachi, April 29, 2024 – Pakistan economy suffered a substantial loss of approximately Rs 800 billion last year due to violations of intellectual property rights (IPR), according to a recent survey conducted by the Overseas Investors Chamber of Commerce and Industry (OICCI).
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APCMA Seeks Tax Rebate After Track and Trace System Fails
Karachi, April 29, 2024 – The All Pakistan Cement Manufacturers’ Association (APCMA) has called for a tax rebate from the government to compensate for the substantial investments made in the unsuccessful track and trace system (TTS).
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Veteran Journalists Appointed to FPCCI Media Committee
Karachi, April 29, 2024 – In a significant move aimed at strengthening its media relations and public outreach, the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has made key appointments to its Central Standing Committee on ‘Press and Electronic Media’ for the year 2024-2025.
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Federal Minister Criticizes Fatima Fertilizer for Unjust Price Hike
Islamabad, April 27, 2024 – In a bold move that has stirred significant controversy, Federal Minister for Industries and Production, Rana Tanveer Hussain, has called out Fatima Fertilizer Limited for its recent unilateral decision to hike the price of Sarsabz Urea by Rs 561 per bag.
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KATI Demands Inclusion of Agriculture in Tax Net
Karachi, April 26, 2024 – The Korangi Association of Trade and Industry (KATI) has made a strong appeal for the inclusion of agricultural income in the national tax framework in the upcoming 2024-25 budget announcement.
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Expected Rate Cut Could Bring Relief to Struggling Textile Sector
The textile industry in Pakistan, which accounts for 60 percent of the country’s total exports, may soon receive much-needed relief, according to analysts at Insight Securities Limited.
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PBC Urges Reforms in FASTER System to Support All Exporters
Karachi, April 25, 2024 – The Pakistan Business Council (PBC) has called for significant modifications to the FASTER system, aiming to extend sales tax refund benefits to all exporters and facilitate the adjustment of provincial input tax on services.
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