Qaisar Shams Ghucha, Chairman of the Pakistan Yarn Merchants Association (PYMA), has underscored the significance of political stability in driving economic growth.
(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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Fertilizer Companies Manipulate Prices, CCP Recommends Action
Islamabad, July 12, 2023 – The Competition Commission of Pakistan (CCP) has uncovered evidence of price manipulation by fertilizer companies, resulting in substantial profits at the expense of farmers and consumers.
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Advocacy for Barter Trade Yields Positive Results, Says FPCCI Chief
Karachi, July 10, 2023 – Irfan Iqbal Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), expressed his satisfaction that years of relentless policy advocacy for barter trade with Russia, Iran, and Afghanistan have yielded positive results.
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KCCI Rejects Approval Allowing FCA Hike to K-Electric
Karachi, July 5, 2023 – The Karachi Chamber of Commerce and Industry (KCCI) Wednesday recently rejected the approval to allow K-Electric, the sole electricity provider in Karachi, to increase the Fuel Cost Adjustment (FCA).
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Decline in Cement Despatches Continues, Year-on-Year Drop of 15.71%
Karachi, July 4, 2023 – The cement industry experienced a significant decline in despatches, with a decrease of 22.80% in June 2023 compared to the same month last year. The total cement despatches for June 2023 amounted to 4.063 million tons, down from 5.264 million tons in June of the previous fiscal year.
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Pakistani Business Community Applauds IMF Agreement for Economic Stability
Karachi, July 1, 2023: Pakistani businessmen have expressed their appreciation for the recent loan agreement between Pakistan and the International Monetary Fund (IMF).
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IMF Assistance to Address Pakistan’s Immediate Financial Challenges, APTMA Says
Islamabad, June 30, 2023: In a recent announcement, the All Pakistan Textile Mills Association (APTMA) highlighted the crucial support provided by the International Monetary Fund (IMF) to address Pakistan’s immediate financial challenges.
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FPCCI Raises Anomalies in Proposed Amendments to Customs Laws
Karachi, June 24, 2023: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has voiced concerns over anomalies in the proposed amendments to the Customs Act of 1969, as outlined in the Finance Bill of 2023.
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USAID Seeks Karachi Chamber’s Assistance to Attract FDI
A team from the United States Agency for International Development (USAID) met with the Karachi Chamber of Commerce and Industry (KCCI) on Thursday to discuss the Pakistan Investment Pipeline Program.
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Ishaq Dar Assures FPCCI of Resolving Anomalies in Budget 2023-24
Karachi, June 22, 2023 – Finance Minister Ishaq Dar has assured the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), the apex trade body of Pakistan, that anomalies in the budget for the fiscal year 2023-24 will be addressed, according to a statement released on Thursday.
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