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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.

competition

CCP Proposal of Expiry Date on Cement Bags Endorsed

May 2, 2024May 2, 2024Mrs. Anjum Shahnawaz

Islamabad, May 2, 2024 – The Ministry of Science and Technology (MoST) has supported a recommendation from the Competition Commission of Pakistan (CCP) to revise national cement standards to include manufacturing and expiry dates on cement bags.

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KCCI Photo

KCCI Applauds Govt Move to Limit Customs Raids

April 30, 2024April 30, 2024Shahnawaz Akhter

Karachi, April 30, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has commended the recent government decision to limit the scope of Pakistan Customs’ raids on business premises, heralding a significant shift towards more business-friendly policies.

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Pakistan Tobacco

PTC Reports Domestic Volume Falls by 23% YoY in 1Q 2024

April 29, 2024April 29, 2024Shahnawaz Akhter

In a concerning revelation, Pakistan Tobacco Company (PTC) has announced a dramatic 23 percent decline in domestic sales volume for the first quarter of 2024, a stark contrast to the same period last year.

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Overseas Chamber

Pakistan Faces Rs 800 Billion Loss from IPR Violations

April 29, 2024April 29, 2024Shahnawaz Akhter

Karachi, April 29, 2024 – Pakistan economy suffered a substantial loss of approximately Rs 800 billion last year due to violations of intellectual property rights (IPR), according to a recent survey conducted by the Overseas Investors Chamber of Commerce and Industry (OICCI).

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cement industry pakistan

APCMA Seeks Tax Rebate After Track and Trace System Fails

April 29, 2024April 29, 2024Shahnawaz Akhter

Karachi, April 29, 2024 – The All Pakistan Cement Manufacturers’ Association (APCMA) has called for a tax rebate from the government to compensate for the substantial investments made in the unsuccessful track and trace system (TTS).

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Kashi and Masood in FPCCI

Veteran Journalists Appointed to FPCCI Media Committee

April 29, 2024April 29, 2024Shahnawaz Akhter

Karachi, April 29, 2024 – In a significant move aimed at strengthening its media relations and public outreach, the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has made key appointments to its Central Standing Committee on ‘Press and Electronic Media’ for the year 2024-2025.

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engro fertilizer

Federal Minister Criticizes Fatima Fertilizer for Unjust Price Hike

April 27, 2024April 27, 2024Mrs. Anjum Shahnawaz

Islamabad, April 27, 2024 – In a bold move that has stirred significant controversy, Federal Minister for Industries and Production, Rana Tanveer Hussain, has called out Fatima Fertilizer Limited for its recent unilateral decision to hike the price of Sarsabz Urea by Rs 561 per bag.

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KATI

KATI Demands Inclusion of Agriculture in Tax Net

April 26, 2024April 26, 2024Faisal Shahnawaz

Karachi, April 26, 2024 – The Korangi Association of Trade and Industry (KATI) has made a strong appeal for the inclusion of agricultural income in the national tax framework in the upcoming 2024-25 budget announcement.

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textile manufacturing

Expected Rate Cut Could Bring Relief to Struggling Textile Sector

April 26, 2024April 26, 2024Faisal Shahnawaz

The textile industry in Pakistan, which accounts for 60 percent of the country’s total exports, may soon receive much-needed relief, according to analysts at Insight Securities Limited.

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Pakistan Business

PBC Urges Reforms in FASTER System to Support All Exporters

April 25, 2024April 25, 2024Shahnawaz Akhter

Karachi, April 25, 2024 – The Pakistan Business Council (PBC) has called for significant modifications to the FASTER system, aiming to extend sales tax refund benefits to all exporters and facilitate the adjustment of provincial input tax on services.

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