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.
(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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Cotton Prices Experience Steep Decline due to Taxation and Subsidy Removal
Karachi, June 22, 2023 – Cotton prices in Pakistan have undergone a significant decline, attributed to high taxation and the removal of energy subsidies, industry sources revealed on Thursday.
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Alarming Prevalence of Unregistered Cigarettes in Pakistan Jeopardizes Public Health, Economy
The Citizens’ Health Initiative (CHI) has raised serious concerns about the increasing presence of unregistered cigarette brands in Pakistan, posing a significant threat to public health policy and the country’s economy amidst its most challenging financial crisis.
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Karachi Chamber Urges Restoration of Zero-Rating for Textile Industry
Karachi, June 20, 2023: Amidst economic instability, foreign exchange crisis, and declining exports, the Karachi Chamber of Commerce and Industry (KCCI) has called on the government to reinstate the zero-rating facility to support the survival of five export sectors during liquidity crunch periods.
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President Alvi Calls for Adoption of AI-Based Solutions in Pakistan’s Industries
Islamabad, June 17, 2023: President Dr. Arif Alvi emphasized the urgent need for Pakistan’s business and industrial sectors to embrace Artificial Intelligence (AI)-based solutions to address their challenges and enhance efficiency and productivity.
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FPCCI Urges Immediate Resolution to Anomalies in Budget 2023-24
Karachi, June 17, 2023: The President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Irfan Iqbal Sheikh, has called upon the government to promptly address the anomalies present in the recently announced Budget 2023-24.
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Ashfaq Tola Dispels Pakistan Default Rumors
Karachi, June 17, 2023: Ashfaq Tola, the Minister of State for Revenue, addressed concerns and dispelled rumors regarding Pakistan’s potential default on its financial obligations.
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FPCCI Expresses Disappointment over Maintaining Status Quo in Policy Rate
Karachi, June 14, 2023: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has voiced its disappointment regarding the decision to maintain the benchmark policy rate unchanged.
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Budget 2023-24 lacks measures to stabilize economy: OICCI
KARACHI: The recently announced budget for the fiscal year 2023-24 in Pakistan has drawn criticism from the Overseas Investors Chamber of Commerce and Industry (OICCI) for its lack of measures to stabilize the country’s economy.
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Pakistan’s Business Community Criticizes Federal Budget, Deems it Unrealistic
Karachi, June 9, 2023 – Irfan Iqbal Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), representing the entire business community, expressed concern over the federal budget 2023-24, stating that it presents an unrealistic picture of the economy. The business community is particularly interested in uncovering any hidden taxes within the budget.
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