Peshawar, January 27, 2024 – In a meeting held at Custom House Peshawar, a delegation of business leaders has urged the Federal Board of Revenue (FBR) to focus on curbing smuggling rather than imposing restrictions on Pak-Afghan trade.
(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 Urges Swift Release of Rs 28 Billion for Karachi Industries
Karachi, January 27, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has vehemently called on the caretaker government to urgently release the long overdue Rs 28 billion incremental package earmarked for industries in Karachi.
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Lucky Cement’s 107% Profit Surge in 2QFY24 Above Expectations
Karachi, January 26, 2024 – Lucky Cement Limited (LUCK) has stunned the market by announcing its 2QFY24 financial results, revealing an unconsolidated Profit After Tax (PAT) of PKR 6.8 billion, translating to Earnings Per Share (EPS) of PKR 22.9.
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Pakistan’s Private Sector Shuns New Loans, Retires Rs 8 Billion
Karachi, January 24, 2024 – Pakistan’s private sector has exhibited resilience in the face of challenging economic conditions, retiring a substantial amount of Rs 8 billion in the current fiscal year as opposed to seeking fresh loans.
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SAI Urges Early Notification for Reduced Power Tariff Rates
Karachi, January 23, 2024 – The Site Association of Industry (SAI) is urging the government to expedite the issuance of notifications concerning the reduction of power tariff rates.
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Karachi and Tehran Chambers Support De-escalation Efforts
Karachi, January 23, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) and the Tehran Chamber of Commerce, Industries, Mines, and Agriculture (TCCIMA) have jointly voiced their strong endorsement for diplomatic initiatives seeking to de-escalate tensions between Pakistan and Iran.
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Pakistan’s Textile Exports Witness 5% Decline in 1HFY24
Karachi, January 19, 2024 – Pakistan’s textile sector, a cornerstone of the nation’s economy and a major contributor to foreign exchange earnings, has experienced a notable setback with a 5 percent decline in exports, totaling $8.28 billion during the first half (July – December) of fiscal year 2023-24.
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NAB to Drop Unnecessary Cases Against Business Community
Karachi, January 16, 2024 – The National Accountability Bureau (NAB) has taken a positive step towards fostering a supportive environment for the business community by agreeing to drop unnecessary cases.
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KCCI Pledges Support to Shopkeepers, Vows to Tackle Challenges
Karachi, January 16, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) took a proactive stance on Tuesday as it assured shopkeepers and small traders of its commitment to resolving the challenges they face.
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Karachi Business Community Protests Soaring Gas Tariffs
Karachi, January 13, 2024 – The business community in Karachi has vehemently criticized the caretaker government for what they describe as an exorbitant and unsustainable increase in gas tariffs, posing a severe threat to industrial operations in the city.
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