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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.

APTMA

APTMA Unveils Roadmap for $50 Billion Textile Exports by 2029

March 20, 2024March 20, 2024Faisal Shahnawaz

Islamabad, March 20, 2024 – The All Pakistan Textile Mills Association (APTMA) has presented a comprehensive policy roadmap to Commerce Minister Jam Kamal, aiming to elevate the country’s textile exports to $50 billion by 2029.

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KATI

KATI Opposes Gas Tariff Increase, Advocates for Industrial Relief

March 19, 2024March 19, 2024Shahnawaz Akhter

KARACHI: The Korangi Association of Trade and Industry (KATI) has strongly denounced the proposed increase in gas tariffs for industrial consumers, calling for urgent relief measures to alleviate the burdens faced by manufacturers.

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sugar export

Sugar Mills Concerned About Molasses Export Tariff Hike

March 18, 2024March 18, 2024Mrs. Anjum Shahnawaz

Islamabad, March 18, 2024 – The Pakistan Sugar Mills Association (PSMA) has expressed concerns over the looming possibility of increased tariffs for Molasses exports, citing potential ramifications on both domestic production and foreign reserves.

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FED on cigarettes

Significant Tax Hike on Cigarettes Proposed for Budget 2024-25

March 17, 2024March 17, 2024Mrs. Anjum Shahnawaz

Islamabad, March 17, 2024 – Advocates at an anti-tobacco seminar have proposed significant increase in taxes on cigarettes for the forthcoming budget 2024-25.

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trade and idustries in world

Islamabad Chamber Calls for Business-Friendly Budget Talks

March 16, 2024March 16, 2024Mrs. Anjum Shahnawaz

Islamabad, March 16, 2024 – Ahsan Zafar Bakhtawari, President of the Islamabad Chamber of Commerce and Industry (ICCI), has emphasized the immediate need for the government to engage in discussions with business leaders concerning the forthcoming budget for the fiscal year 2024-25.

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Salt Manufacturers

SMAP Urges New Government to Lift Ban on Trade with India

March 16, 2024March 16, 2024Faisal Shahnawaz

Karachi, March 16, 2024 – The Salt Manufacturers Association of Pakistan (SMAP) has issued a fervent appeal to the newly elected government, urging for the lifting of the ban on salt trade with India.

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textile manufacturing

Pakistan’s Textile Exports Decline by 0.65% in 8MFY24

March 15, 2024March 15, 2024Shahnawaz Akhter

Karachi, March 15, 2024 – Pakistan’s textile sector, a cornerstone of the nation’s economy, has encountered a slight setback with a nominal decrease of 0.65 percent in exports during the first eight months (July – February) of the fiscal year 2023-24. Data released by the Pakistan Bureau of Statistics (PBS) reveals that textile exports amounted […]

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KCCI Photo

KCCI Fears Adverse Impact of New Sales Tax Restrictions

March 15, 2024May 29, 2026Shahnawaz Akhter

Karachi, March 15, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has raised concerns over the recently introduced sales tax restrictions, warning that they could severely impact compliant taxpayers.

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engro fertilizer

Engro Fertilizers Engages Dealers to Ensure Fair Urea Pricing

March 15, 2024March 15, 2024Faisal Shahnawaz

Karachi, March 15, 2024 – In a concerted effort to align with the government’s directives and ensure fair pricing and availability of urea, Engro Fertilizers has initiated dialogues with its dealers, urging them to adhere strictly to company guidelines.

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Federation of Pakistan Chambers

FPCCI Says SBP’s High-Interest Rate Stance Fails to Curb Inflation

March 14, 2024March 14, 2024Shahnawaz Akhter

Karachi, March 14, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) voiced apprehensions on Thursday regarding the State Bank of Pakistan’s (SBP) persistent adherence to high-interest rates despite escalating inflation rates.

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  • Spain knock Uruguay out of World Cup to top Group H
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