Karachi, August 21, 2023 – The State Bank of Pakistan (SBP) has officially declared the final deadline for resubmission of duty drawback claims, affecting both the textile and non-textile sectors.
(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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KCCI Criticizes FBR Over Section 7E Discrimination in Property Selling
KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has strongly criticized the Federal Board of Revenue (FBR) for what it perceives as discriminatory treatment in the application of Section 7E concerning property sales.
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Karachi Chamber Urges Immediate Rollback of Petroleum Price and Power Tariff Hikes
KARACHI, August 16, 2023 – The Karachi Chamber of Commerce & Industry (KCCI) has called on the government to swiftly retract the recent increases in petroleum prices and power tariffs.
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Business Community Criticizes Significant Increase in Petroleum Prices
Karachi, August 16, 2023: The business community has strongly criticized the decision of the new interim government to substantially raise the prices of petroleum products.
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Philip Morris Pakistan’s Profits Plummet by 76% in First Half of 2023
Karachi, August 16, 2023 – Philip Morris Pakistan Limited, an international company known for making cigarettes, has experienced a significant drop of 76 percent in its profits for the first half of this year, which ended on June 30, 2023.
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Tenure Extended to Two Years for Office Bearers of Trade Bodies
Islamabad, August 13, 2023 – In a significant move, the government of Pakistan has taken a step to provide stability and continuity in the leadership of trade bodies by extending the tenure of office bearers and members of executive committees.
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Direct Flights Between Karachi and Kuala Lumpur Expected by Year End: Malaysia Envoy
Karachi, August 10, 2023 – In a significant development aimed at bolstering economic ties and promoting collaboration, the Malaysian Consul General Harman Hardynata Ahmed announced on Thursday that direct flights connecting Karachi to Kuala Lumpur are anticipated to be operational by the close of this year.
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Engro Polymer Records 61% Decline in Half-Year After-Tax Profit
Karachi, August 10, 2023 – Engro Polymer and Chemicals Limited (EPCL) has encountered a substantial 61 percent drop in profit after tax for the half-year ending June 30, 2023.
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National Foods Embarks on “Seed to Table” Project, Marking Entry into Agriculture
Karachi; August 9, 2023 – National Foods Limited has taken a significant step into the realm of agriculture with the launch of its “Seed to Table” project.
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Lucky Cement Achieves Remarkable 63.5% Surge in Profit After Tax
Karachi, August 8, 2023 – Lucky Cement, a prominent name in the cement industry, has reported a substantial surge of 63.5 percent in its profit after tax for the fiscal year ending on June 30, 2023.
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