November 17, 2023: The Citizen Health Initiative (CHI) has applauded the unwavering efforts of the government and the Federal Board of Revenue (FBR) in their campaign to eliminate illicit cigarettes from the country, with a particular focus on cracking down on retailers. The initiative aims to pave the way for a smoke-free nation.
(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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FPCCI Urges Government to Evolve Strategy to Get Rid of IMF
Karachi, November 16, 2023 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called on the government to formulate a comprehensive strategy to emancipate itself from the International Monetary Fund (IMF).
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Sindh Minister Criticizes Pakistan’s Subsidized Gas Policy as Counter to Global Norms
Karachi, November 15, 2023 – Pakistan’s subsidized gas policy for residential consumers has come under scrutiny by Sindh’s Provincial Minister for Revenue, Industries, and Commerce, Muhammad Younus Dagha.
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Pakistan Witnesses 1% Year-on-Year Growth in Large-Scale Manufacturing in September 2023
Karachi, November 15, 2023 – Pakistan large-scale manufacturing sector experienced a notable growth of 1% in September 2023 on a year-on-year (YoY) basis, as per official statistics released by the Pakistan Bureau of Statistics on Wednesday.
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Karachi Safe City Project to Become Functional by January 2024
Karachi, November 15, 2023 – Brig. (R) Haris Nawaz, Sindh Caretaker Minister for Home & Prisons Department, announced on Tuesday that the Karachi Safe City Project is slated to become operational by January 2024, providing a significant boost to the city’s efforts to combat street crimes and enhance public safety.
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SECP Unveils Ambitious Five-Year Plan to Propel Insurance Sector Premium to Rs 1.22 Trillion
Islamabad, November 14, 2023 – The Securities and Exchange Commission of Pakistan (SECP) is set to embark on an ambitious journey to elevate the premium of the insurance sector by approximately 130 percent, targeting a substantial increase from the existing Rs 533 billion to Rs 1.22 trillion within the next five years, concluding by fiscal year 2028.
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SITE Karachi Industries Protest Soaring Gas Tariff, Fear Closure and Job Losses
Karachi, November 13, 2023 – The SITE Association of Industry (SAI) in Karachi has vehemently opposed the significant surge in gas tariffs, citing the adverse impact it is having on the industrial sector.
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FPCCI Estimates Up to Rs20 per Liter Decrease in Petroleum Prices in Pakistan
Karachi, November 13, 2023 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has projected that the country could witness a reduction of up to Rs 20 per liter in petroleum prices starting from November 16.
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UAE Real Estate Conglomerate Announces $25 Billion Investment in Pakistan
Karachi, November 10, 2023 – A consortium of real estate companies from the United Arab Emirates (UAE) has expressed its intent to invest a staggering $25 billion in Pakistan’s construction industry.
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Foreign Investors Raise Concerns About Pakistan’s Energy Sector
Islamabad – Foreign investors of Overseas Investors Chamber of Commerce and Industry (OICCI) operating in Pakistan have brought to the forefront critical issues regarding the energy sector in the country.
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