Karachi, October 6, 2023 – The Pakistan Business Council (PBC) has issued an urgent call to the caretaker government, demanding immediate measures to put an end to widespread under-invoicing, which is causing substantial revenue leakages.
(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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Danish Ambassador Encourages Pakistan to Embrace Renewable Energy and Green Economy
Karachi, October 5, 2023 – The Ambassador of Denmark, Jakob Linulf, has offered valuable advice to Pakistan in overcoming its current energy crisis by transitioning towards renewable energy and adopting a green economy.
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Sindh Minister Emphasizes Need for Import Substitution as Part of Economic Reform Agenda
Karachi, October 4, 2023: Younus Dagha, Sindh Minister of Industries and Commerce and Revenue, has underscored the importance of incorporating an efficient import substitution plan into Pakistan’s economic reform agenda. According to Dagha, focusing solely on increasing exports is insufficient to strengthen the national economy.
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KCCI Signs MoU to Establish NUTECH Karachi Campus
The Karachi Chamber of Commerce & Industry (KCCI) and the National University of Technology (NUTECH) have signed a Memorandum of Understanding (MoU) outlining their commitment to establishing NUTECH Karachi Campus (NKC) on a 50-acre plot of land provided by the Airport Security Force (ASF) along the M-9 Superhighway.
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Pakistan Business Council Suggests Measures to Reduce Electricity Costs and Boost Forex Savings
Karachi, October 2, 2023 – Pakistan Business Council (PBC) has put forth a comprehensive set of recommendations to the government to alleviate country’s soaring electricity costs and enhance foreign exchange savings.
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National Logistics Cell Expands Trade Focus on Central Asia, Russia, and China
Karachi, October 2, 2023 – Major General Farrukh Shahzad Rao, the Director General of the National Logistics Cell (NLC), has announced the NLC’s commitment to strengthening trade relations with Central Asia, Russia, China, and Tashkent. This initiative aims to tap into the growing demand for Pakistani goods in these regions and enhance economic ties.
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Iftikhar Sheikh Elected as New President of KCCI
Karachi, October 2, 2023 – The Karachi Chamber of Commerce and Industry (KCCI) announced the election of its new office bearers during the 62nd Annual General Meeting held at KCCI’s Auditorium. Iftikhar Ahmed Sheikh has been elected as the new President, while Altaf Ghaffar and Tanveer Barry will serve as Senior Vice President and Vice President, respectively.
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Asif Sumsum Elected Chairman of ABAD for 2023-2024 Term
Karachi, September 30, 2023 – The Association of Builders and Developers (ABAD) has elected Asif Sumsum, a prominent builder and developer, as its chairman for the term 2023-2024.
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Islamabad Chamber Calls for Withdrawal of Section 7E to Boost Real Estate
Islamabad, September 28, 2023 – The Islamabad Chamber of Commerce and Industry (ICCI) has issued a call to authorities for the withdrawal of Section 7E from the Income Tax Ordinance, 2001, with the aim of revitalizing investment in the real estate and construction sector.
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PPL Explores Engagement with Sovereign Foreign Investors in Reko Diq Project
In a strategic move to enhance the development prospects of the Reko Diq Project, Pakistan Petroleum Limited (PPL) announced its intention to explore potential engagement with sovereign foreign investors.
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