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Category: Trade & Industry

Trade & Industry news covering business developments, industrial growth, manufacturing trends, and economic policies shaping domestic and global markets.

trade and idustries in world

Pakistan Set to Unveil New Industrial Policy in 2024-25 Budget

May 5, 2024May 5, 2024Mrs. Anjum Shahnawaz

Pakistan is poised to introduce a comprehensive new industrial policy in the upcoming 2024-25 budget, according to Rana Tanveer Hussain, the Federal Minister for Industry and Production.

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Agri Park Gwadar

Free Zone Agriculture Industrial Park Opens Doors at Gwadar

May 4, 2024May 4, 2024Faisal Shahnawaz

Gwadar, May 4, 2024 – A significant stride towards economic development and self-sufficiency in agriculture was made today as Federal Minister for Marine Affairs, Qaiser Ahmad Sheikh, inaugurated the Free Zone Agriculture Industrial Park in Gwadar.

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budget proposals

PBC Proposes Elimination of Minimum Tax for Listed Companies

May 4, 2024May 4, 2024Shahnawaz Akhter

The Pakistan Business Council (PBC) has put forward a significant proposal aimed at boosting economic activity among listed companies by recommending the abolition of the minimum tax.

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Pakistan Business

PBC Alert: Commercial Importers Endanger Domestic Industries

May 4, 2024May 4, 2024Faisal Shahnawaz

The Pakistan Business Council (PBC) has issued a stark warning regarding the harmful impacts of massive under-invoicing by commercial importers, stating that this practice is severely damaging Pakistan’s domestic industries.

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Steel Producers

PALSP Calls on Government to Rectify Tax Inequities

May 4, 2024May 4, 2024Mrs. Anjum Shahnawaz

The Pakistan Association of Large Steel Producers (PALSP) has formally petitioned Finance Minister Muhammad Aurangzeb, urging an end to what it describes as discriminatory tax practices that adversely affect the steel sector compared to other industries.

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FED on cigarettes

KTC Urges FBR to Reassess Tobacco Taxes Amid Falling Sales

May 4, 2024May 4, 2024Mrs. Anjum Shahnawaz

The Khyber Tobacco Company Limited (KTC), a leading national tobacco manufacturer, has reached out to the Federal Board of Revenue (FBR) seeking a review and adjustment of the current tax policies affecting tobacco sales.

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Federation of Pakistan Chambers

FPCCI Advocates for Setting Up Maritime Regulatory Authority

May 3, 2024May 3, 2024Shahnawaz Akhter

Karachi, May 3, 2024 – In a strategic move aimed at bolstering Pakistan’s maritime sector, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for the creation of a dedicated maritime regulatory body.

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SITE Association

Governor Tessori Commits to Resolving SITE Industrial Challenges

May 3, 2024May 3, 2024Hamza Shahnawaz

Karachi, May 4, 2024 – Sindh Governor Muhammad Kamran Khan Tessori has pledged comprehensive measures to address longstanding challenges faced by the SITE Association of Industries.

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Pakistan Business

PBC Calls for Higher Taxes on Non-Filers in 2024-25 Budget

May 3, 2024May 3, 2024Shahnawaz Akhter

The Pakistan Business Council (PBC) has proposed sweeping changes in the upcoming 2024-25 budget, urging the Federal Board of Revenue (FBR) to impose aggressively high taxes on non-filers in an effort to combat tax evasion and encourage compliance.

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KCCI Photo

Mongolian Envoy Advocates for Increased Business Exchanges

May 2, 2024May 2, 2024Hamza Shahnawaz

Karachi, May 2, 2024 – Mongolian Deputy Head of Mission , Lkhanaajav Munkhtushig, emphasized the need for increased exchanges of business delegations between Mongolia and Pakistan to strengthen trade relations.

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  • Finance Act, 2026: new tax measures enforce from July 1
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