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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.

Gallup Pakistan

Gallup Survey Finds Improved Business Confidence on New Govt

April 5, 2024April 5, 2024Shahnawaz Akhter

Karachi, April 5, 2024 – A survey conducted by Gallup Pakistan has unveiled a notable uptick in business confidence attributed to the efforts of the new government in Pakistan towards economic revival.

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port activity

Pakistan Forms Committee to Condone Foreign Trade Restrictions

April 4, 2024April 4, 2024Faisal Shahnawaz

Karachi, April 4, 2024 – Pakistan has taken a significant step in addressing foreign trade restrictions by constituting a committee of federal ministers to assess and potentially condone such limitations on a case-by-case basis.

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GlaxoSmithKline

GSK Pakistan’s Gross Margin Declines Amid Economic Challenges, Says Chairperson

April 3, 2024April 3, 2024Shahnawaz Akhter

Karachi, April 3, 2024 – GlaxoSmithKline (GSK) Pakistan’s Chairperson, Lai Kuen Goh, has disclosed a significant decline in the company’s gross margin by 10 percent, attributing it to the prevailing economic conditions in the country.

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competition

CCP Issues Notices to Fertilizer Manufacturers for Price Fixing

April 2, 2024April 2, 2024Mrs. Anjum Shahnawaz

Islamabad, April 2, 2024 – The Competition Commission of Pakistan (CCP) has taken decisive action against the Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC) and six major fertilizer companies for allegedly engaging in price fixing practices regarding urea, a move that could have far-reaching consequences for both farmers and consumers.

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PM Sharif Parliament

PM Shehbaz Directs Increasing Exports Two-fold in 5 Years

April 2, 2024April 2, 2024Mrs. Anjum Shahnawaz

Islamabad, April 2, 2024 – Prime Minister Muhammad Shehbaz Sharif has directed the formulation of a strategy aimed at doubling the country’s exports within the next five years.

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Pakistan Tobacco

NDP Cigarettes to Cost Rs 300 Billion in FY24: PTC Chairman

April 2, 2024April 2, 2024Shahnawaz Akhter

Karachi, April 2, 2024 – Zafar Mahmood, Chairman of the Pakistan Tobacco Company (PTC), has projected a significant loss of Rs 300 billion in tax revenue due to the prevalence of non-duty paid (NDP) cigarettes during the current fiscal year 2023-24.

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KCCI Photo

Karachi Chamber Urges Decisive Action against Sindh Bandits

April 1, 2024April 1, 2024Faisal Shahnawaz

Karachi, April 1, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has issued a fervent plea to authorities in Sindh province, urging immediate and decisive action against the escalating menace of banditry.

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KATI

Industry Voices Outrage Over Sharp Surge in Petrol Prices

April 1, 2024April 1, 2024Hamza Shahnawaz

Karachi, April 1, 2024 – The recent surge in petrol prices has sparked outrage within the industry, with stakeholders warning of dire consequences for the economy and the general populace. Amidst mounting concerns over inflation and economic hardships, industry leaders are calling for immediate action to address the burgeoning crisis. The Korangi Association of Trade […]

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trade and idustries in world

Furniture Council Calls for Interest-Free Loans to Boost Industry

March 31, 2024March 31, 2024Mrs. Anjum Shahnawaz

In a bid to catalyze growth and innovation within the furniture manufacturing sector, the Pakistan Furniture Council (PFC) Chief Executive Officer, Mian Kashif Ashfaq, has urged the government to provide interest-free loans to furniture manufacturers for a period of five years.

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trade and idustries in world

LCCI Offers Insights on Tax Scheme for Traders and Shopkeepers

March 31, 2024March 31, 2024Mrs. Anjum Shahnawaz

The Lahore Chamber of Commerce and Industry (LCCI) has shared its observations on the new tax scheme introduced by the government for traders and shopkeepers.

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  • Finance Act, 2026: new tax measures enforce from July 1 June 27, 2026
  • FBR officials face hectic working hours next four days for tax collection June 27, 2026
  • Pakistan decides not to reduce petroleum prices from June 27, 2026 June 27, 2026
  • Currency in circulation jumps to Rs11.93 trillion despite surge in digital payments June 27, 2026
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  • Finance Act, 2026: new tax measures enforce from July 1
  • FBR officials face hectic working hours next four days for tax collection
  • Pakistan decides not to reduce petroleum prices from June 27, 2026
  • Currency in circulation jumps to Rs11.93 trillion despite surge in digital payments
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