Karachi, April 25, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has voiced significant concerns over the Federal Board of Revenue’s (FBR) recent regulatory changes, labeling the Statutory Regulatory Order (SRO) 350 as anti-business and a potential threat to the ongoing viability of trade and industry sectors across Pakistan.
(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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Lahore Chamber Calls for Suspension of Controversial FBR SROs
Lahore, April 24, 2024 – The Lahore Chamber of Commerce and Industry (LCCI) has formally requested the deferral of several recent Statutory Regulatory Orders (SROs) issued by the Federal Board of Revenue (FBR), citing significant disruptions to business activities.
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PM Shehbaz Sharif Orders FBR to Postpone SRO 350
Karachi, April 24, 2024 – In a significant move aimed at alleviating the concerns of the business sector, Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to defer the implementation of the controversial Statutory Regulatory Order (SRO) 350.
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GSK Pakistan to Appeal Drug Court Decision
Karachi, April 23, 2024 – GlaxoSmithKline (GSK) Pakistan announced plans to challenge a recent decision by the Drug Court in Rawalpindi, which found certain current and former company officials guilty under the Drugs Act of 1976 for distributing sub-standard drugs.
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Karachi Chamber Calls for Immediate Suspension of SRO 350
Karachi, April 21, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has issued a strong demand for the suspension of Statutory Regulatory Order (SRO) 350, citing unresolved concerns and widespread discontent among the business community.
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NTC Chairman Promises to Remove Anomalies in 2024-25 Budget
In a significant development aimed at addressing longstanding grievances of the business community over import/export tariffs, anti-dumping duties, and other trade barriers, Chairman of the National Tariff Commission (NTC), Naeem Anwar, has pledged to rectify these issues in the upcoming Federal Budget of 2024-25.
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Murree Brewery Posts 84% Profit Surge in Nine Months of FY24
In a robust performance, Murree Brewery Company Limited has recorded a significant 84% increase in its profits for the first nine months of fiscal year 2023-24. The company’s after-tax profit soared to Rs 1.79 billion, up from Rs 973 million in the corresponding period of the previous fiscal year.
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Realtors Appeal Against Additional Property Tax
The Khyber Pakhtunkhwa Federation of Realtors has launched a fervent appeal to the federal government, urging a halt to the imposition of further tax on property transactions, a move that could exacerbate the already fragile economic conditions in the region.
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Azerbaijan Envoy for Strengthening Economic Ties with Pakistan
Karachi, April 19, 2024 – Ambassador of Azerbaijan to Pakistan, Khazar Farhadov, emphasized the critical need for enhancing economic collaboration between Azerbaijan and Pakistan during a meeting at the Karachi Chamber of Commerce & Industry (KCCI).
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Textile Exports Dip to $12.44 Billion in 9MFY24
The textile exports of Pakistan have experienced a slight decline, reaching $12.44 billion during the first nine months (July-March) of the fiscal year 2023-24, marking a nominal decrease of 0.25 percent compared to the same period in the previous fiscal year, according to data released by the Pakistan Bureau of Statistics (PBS).
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