Karachi, September 27, 2023 – In a move to facilitate the resubmission of claims under duty drawback schemes, the State Bank of Pakistan (SBP) has directed commercial banks to keep their branches open on Saturday, September 30, 2023.
(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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Crackdown Against Urea Hoarders Results in Significant Price Drop
Karachi, September 27, 2023 – The government’s aggressive measures against urea hoarding and smuggling have led to a substantial reduction in fertilizer prices, providing much-needed relief to farmers across Pakistan.
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Karachi Chamber Calls for Ban on Imported Recycled Plastic
Karachi, September 26, 2023 – The Karachi Chamber of Commerce and Industry (KCCI) has made a strong demand for a complete ban on the import of recycled plastic.
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BMG Achieves Landslide Victory in KCCI Elections 2023
Karachi, September 25, 2023 – In a resounding victory, the Businessmen Group (BMG) has secured a landslide win in the 2023 annual elections of the Karachi Chamber of Commerce and Industry (KCCI).
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Pakistan’s Private Sector Opts for Debt Retirement Over New Bank Loans
Karachi, September 20, 2023 – Pakistan’s private sector has exhibited a distinct preference for debt retirement over taking on new bank loans for business activities.
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Pakistan Sees 50% Surge in Gold Imports in August 2023
Karachi, September 20, 2023 – Pakistan has witnessed a substantial 50 percent increase in the import of gold in August 2023 compared to the previous month, according to official statistics released by the Pakistan Bureau of Statistics (PBS).
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Private Sector Bank Deposits Soar by 21% as Investors Seek Secure Havens
Karachi, September 18, 2023 – The private sector in Pakistan has shown a significant surge in bank deposits, increasing by a remarkable 21 percent. This uptick reflects a growing preference for secure investments in the face of ongoing economic challenges.
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Karachi Chamber Issues Statement on Hike in Petroleum Prices
Karachi, September 16, 2023 – The Karachi Chamber of Commerce and Industry (KCCI) has voiced its concerns over the recent surge in petroleum prices, which came into effect on September 16, 2023.
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Business Community Expresses Disappointment Over Hike in Price Prices
Karachi, September 16, 2023 – The business community in Pakistan has expressed deep disappointment over the recent hike in petroleum prices, which took effect on September 16, 2023.
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Tax System Digitization Underway as Part of Reforms: PM Kakar
Islamabad, September 7, 2023 – Caretaker Prime Minister Anwaar ul Haq Kakar has announced that Pakistan’s tax system is undergoing a digital transformation as part of the government’s tax reform efforts.
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