Karachi, December 21, 2023 – Pakistan’s textile exports faced a significant setback in November 2023, recording a month-on-month (MoM) decline of 8 percent and a year-on-year (YoY) drop of 7 percent, totaling $1.3 billion.
(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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KATI President Faraz ur Rehman Announces Early Retirement
Karachi, December 20, 2023 – Faraz ur Rehman, the President of the Korangi Association of Trade and Industry (KATI), made a surprise announcement on Wednesday, revealing his decision to take early retirement from his role as the head of the association.
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Salt Manufacturers Urge Govt to Address Axle Load Concerns
Karachi, December 20, 2023 – The Salt Manufacturers Association of Pakistan (SMAP) expressed its concerns on Wednesday regarding the impact of axle load restrictions, emphasizing the need for government intervention to alleviate the challenges faced by the salt industry.
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Sindh Launches Online Digitalization Services at ABAD
KARACHI: Sindh Caretaker Minister for Revenue, Industry, and Commerce, Younus Dagha, inaugurated E-Services for Revenue land digitalization and an Online Facilitation Center at the prestigious head office of the Association of Builders and Developers of Pakistan (ABAD).
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PSW Starts Electronic Issuance of Drug Import Licenses
Islamabad, December 13, 2023 – The Pakistan Single Window (PSW) has taken a significant step towards modernizing and streamlining trade processes by initiating the electronic issuance of drug import licenses and release orders, according to a press release issued on Wednesday.
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KATI Expresses Dismay Over Unchanged Policy Rate
Karachi, December 13, 2023 – The Korangi Association of Trade and Industry (KATI) voiced its disappointment on Wednesday over the decision by the State Bank of Pakistan (SBP) to maintain the policy rate at 22%.
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FPCCI and PTBA Forge Alliance for Expanding Pakistan’s Tax Base
Karachi, December 12, 2023 – Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Pakistan Tax Bar Association (PTBA) have joined forces to spearhead an ambitious agenda for the broadening of the tax base in Pakistan.
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PM Kakar Directs Preparing Plan for Industry Gas Prices
Islamabad, December 11, 2023 – Caretaker Prime Minister Anwaar-ul-Haq Kakar, in a meeting with prominent industrialists and businessmen from Karachi on Monday, directed authorities to formulate a comprehensive action plan addressing the prevailing concerns over gas prices in the industrial sector.
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High Taxes Promote Illicit Tobacco Trade
Karachi, December 11, 2023 – Advocates for anti-tobacco measures pushing for higher taxes on tobacco products inadvertently contribute to the growth of the illicit tobacco industry.
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UNISAME Remembers Universal Declaration of Human Rights
Karachi, December 10, 2023 – The Union of Small and Medium Enterprises (UNISAME) marked the 75th anniversary of the Universal Declaration of Human Rights (UDHR) on Sunday, underscoring the importance of the timeless principles enshrined in this landmark document.
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