Karachi, September 07 – In a significant development, Pakistan finds itself as the only country among the top five global urea consumers—comprising China, Brazil, the USA, and India—that is not actively investing in expanding its production capacity over the next five years. This situation has emerged despite Pakistan facing a rapidly growing population.
(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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FTO Office Assures Timely and Free Justice to Businessmen
Karachi, September 6, 2023 – In a reassuring move, the Federal Tax Ombudsman’s (FTO) office has pledged to deliver timely and cost-free justice to businessmen facing taxation-related issues.
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Pakistan Businesses Express Concerns Over Potential Default, Gallup Survey Reveals
Karachi, September 04, 2023 – A recent survey conducted by Gallup Pakistan has revealed that a majority of businesses in Pakistan are deeply concerned about the country’s potential default.
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Karachi Traders Stage Shutdown Protest Against Soaring Electricity Bills and Inflation
Karachi, September 1, 2023 – Traders in Karachi observed a citywide shutdown on Friday in a collective protest against inflated electricity bills and the relentless rise in inflation. The protest action resulted in the closure of wholesale and major markets across the city.
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FPCCI Sounds Alarm Bells as Petroleum Prices Skyrocket
The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has raised serious concerns about the dire consequences of the recent massive surge in petroleum prices.
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FBR Assures Traders of Easing Tax Burden on Electricity Bills
Karachi, September 1, 2023 – The Federal Board of Revenue (FBR) has reaffirmed its commitment to ease the tax burden on electricity bills, addressing the concerns of the business community in Karachi and fostering a cooperative relationship with traders.
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Karachi Chamber Backs Shutdown Protest Against Soaring Electricity Bills
The Karachi Chamber of Commerce and Industry (KCCI) has thrown its weight behind the planned shutdown protest set for September 1, 2023, against the surge in electricity bills.
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Yarn Merchants Appeal Reduction in Electricity Tariff to Save Industry
Karachi, August 30, 2023 – The Pakistan Yarn Merchants Association (PYMA) has issued a compelling appeal to the government, calling for a significant reduction in electricity tariffs to safeguard the nation’s struggling industrial sector.
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FPCCI Demands Tax Exemption on Electricity Bills to Relieve Masses
Karachi, August 29, 2023 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for immediate sales tax exemptions on electricity bills to alleviate the financial burden on the public.
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Karachi Chamber Urgently Calls for Relief in Electricity Bills, Seeks Immediate Action by Tomorrow
Karachi, August 28, 2023 – The Karachi Chamber of Commerce and Industry (KCCI) has made an urgent appeal for immediate relief in electricity bills for businesses and the general public.
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