Karachi, March 5, 2024 – The Ministry of Commerce in Pakistan has intensified efforts to address the liquidity challenges faced by the textile industry, a key sector in the country, by gathering details of outstanding tax refunds and drawbacks.
(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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Unilever Pakistan Reports Record Profit of Rs 9.74 Billion for CY23
Karachi, March 5, 2024 – Unilever Pakistan Foods Limited has announced a significant surge in its profit after tax (PAT), reaching an impressive Rs 9.74 billion for the calendar year ending December 31, 2023.
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Carpet Manufacturers Share Concerns with Pakistan Customs
Lahore, March 3, 2024 – Members of the Pakistan Carpet Manufacturers and Exporters Association (PCMEA) recently held discussions with Pakistan Customs officials, led by Senior Vice Chairman Usman Ashraf.
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FPCCI Advocates for Corruption-Free Taxation System in Pakistan
Karachi, February 28, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is pressing for a corruption-free taxation system in Pakistan, aiming for fair treatment within the tax machinery.
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Pakistani Businessmen Advised to Leverage UK Trading Scheme
Karachi, February 28, 2024 – Pakistani businessmen are being urged to capitalize on the Developing Countries Trading Scheme (DCTS) recently introduced by the UK.
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FPCCI Disapproves Three-Fold Rise in KGTL Terminal Charges
Karachi, February 27, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has strongly criticized the Karachi Gateway Terminal Limited (KGTL) for implementing a three-fold increase in terminal charges, raising concerns within the business community.
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Karachi Chamber Strongly Rejects Electricity Tariff Hike
Karachi, February 27, 2024 – The President of the Karachi Chamber of Commerce and Industry (KCCI), Iftikhar Ahmed Sheikh, vehemently criticized the recent government approval for an increase in electricity tariffs, particularly condemning the decision by the National Electric Power Regulatory Authority (NEPRA) to allow a significant adjustment in fuel charges for January 2024.
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Code of Conduct for Employers of Domestic Workers Launched
Karachi, February 26, 2024 – In a landmark development aimed at improving the working conditions and protecting the rights of domestic workers, the Employers Federation of Pakistan (EFP) has introduced a comprehensive Code of Conduct.
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UAE Conglomerate Expresses Interest in Acquiring TME Shares
Karachi, February 26, 2024 – TPL Trakker Limited, a prominent player in location-based services and fleet management, has disclosed that a UAE-based conglomerate is keen on acquiring a substantial equity stake in Trakker Middle East (TME), an associated company of TPL Trakker Limited.
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Engro Corp Reports Impressive 35% Revenue Growth in 2023
Karachi, February 26 – Engro Corp, a leading Pakistani conglomerate, has announced a robust 35% growth in revenues, reaching PKR 482 billion in 2023.
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