Karachi, February 15, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has called on the authorities to abolish tax exemptions granted to Federally Administered Tribal Areas (FATA) and Provincially Administered Tribal Areas (PATA).
(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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Pakistan Sees Surge in Smoking Cessation After Tax Hike – Report
Islamabad, February 14, 2024: A new study by Capital Calling, a prominent Pakistan think tank, reveals a significant drop in cigarette consumption following the government’s implementation of higher taxes on tobacco products.
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APTMA Warns of 50% Shutdown in Textile Sector
Karachi, February 14, 2024 – The All Pakistan Textile Mills Association (APTMA) issued a stern warning to the government on Wednesday, cautioning that over 50 percent of firms in the textile and apparel sector are at high risk of shutting down in the coming weeks unless urgent corrective measures are taken.
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PTBA Urges SECP to Revamp Guidelines for Procedural Alleviation
Karachi, February 7, 2024 – The Pakistan Tax Bar Association (PTBA) has fervently called upon the Securities and Exchange Commission of Pakistan (SECP) to proactively update its guidelines and eliminate procedural hurdles, fostering a more conducive environment for all facets of the business realm.
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BMG Chairman Pledges Advocacy for Karachi Small Traders
Karachi, February 7, 2024 – Zubair Motiwala, Chairman of Business Group (BMG), has affirmed his commitment to champion the rights of small traders in Karachi across all platforms.
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Tobacco Producers Protest Against WHO’s Control Measures
Karachi, February 7, 2024 – A wave of protests has swept across tobacco-producing nations as premium tobacco producers and workers from Colombia, Panama, Honduras, and Nicaragua gathered in front of the Panama Convention Centre to express their discontent with the World Health Organization’s (WHO’s) recent decisions on tobacco control.
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PPL Commits to Funding Balochistan’s Share in BLZ Project
Karachi, February 7, 2024 – Pakistan Petroleum Limited (PPL) has taken a significant step towards supporting the development of the Balochistan region by deciding to fund the government’s share of capital contribution in the BLZ Project.
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FPCCI Opposes Proposed Export Ban on Minerals and Marbles
Karachi, February 7, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has issued a vehement opposition to the proposed export ban on minerals and marbles, as approved by the Senate Standing Committee on Commerce.
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UNISAME Urges SBP Action on Stranded Containers at Customs
In a plea to the State Bank of Pakistan (SBP), the Union of Small and Medium Enterprises (UNISAME) has drawn attention to a concerning situation involving thousands of containers holding vital goods such as solar panels, second-hand clothing, plastic granules, and general merchandise.
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FPCCI Backs Restructuring of FBR for Economic Stability
Karachi, February 3, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) announced its support on Saturday for the proposed restructuring plan of the Federal Board of Revenue (FBR).
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