Islamabad, November 21, 2023 – The government, led by Dr. Gohar Ejaz, Minister of Industries and Production, dismissed the request from the Pakistan Sugar Mills Association (PSMA) to export sugar.
(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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Massive Gas Tariff Hike Sparks Industry Threats of ‘No Export Days’ Protest
Karachi, November 21, 2023 – The industrial sector has issued a stern warning, threatening to observe ‘No Export Days’ in vehement protest against the government’s substantial hike in gas tariffs.
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Roman Ermsohin Envisions AI-Driven Marketing Evolution for Pakistan at +92 Disrupt Event
Karachi, Pakistan – November 20, 2023 – In a dynamic panel discussion at the prestigious +92 Disrupt event, Roman N. Ermsohin, the APAC Director at inDrive, joined industry leaders to unravel Pakistan’s future in AI-powered marketing evolution.
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Citizen Health Initiative Commends Government and FBR in Fight Against Illicit Cigarettes
November 17, 2023: The Citizen Health Initiative (CHI) has applauded the unwavering efforts of the government and the Federal Board of Revenue (FBR) in their campaign to eliminate illicit cigarettes from the country, with a particular focus on cracking down on retailers. The initiative aims to pave the way for a smoke-free nation.
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FPCCI Urges Government to Evolve Strategy to Get Rid of IMF
Karachi, November 16, 2023 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called on the government to formulate a comprehensive strategy to emancipate itself from the International Monetary Fund (IMF).
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Sindh Minister Criticizes Pakistan’s Subsidized Gas Policy as Counter to Global Norms
Karachi, November 15, 2023 – Pakistan’s subsidized gas policy for residential consumers has come under scrutiny by Sindh’s Provincial Minister for Revenue, Industries, and Commerce, Muhammad Younus Dagha.
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Pakistan Witnesses 1% Year-on-Year Growth in Large-Scale Manufacturing in September 2023
Karachi, November 15, 2023 – Pakistan large-scale manufacturing sector experienced a notable growth of 1% in September 2023 on a year-on-year (YoY) basis, as per official statistics released by the Pakistan Bureau of Statistics on Wednesday.
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Karachi Safe City Project to Become Functional by January 2024
Karachi, November 15, 2023 – Brig. (R) Haris Nawaz, Sindh Caretaker Minister for Home & Prisons Department, announced on Tuesday that the Karachi Safe City Project is slated to become operational by January 2024, providing a significant boost to the city’s efforts to combat street crimes and enhance public safety.
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SECP Unveils Ambitious Five-Year Plan to Propel Insurance Sector Premium to Rs 1.22 Trillion
Islamabad, November 14, 2023 – The Securities and Exchange Commission of Pakistan (SECP) is set to embark on an ambitious journey to elevate the premium of the insurance sector by approximately 130 percent, targeting a substantial increase from the existing Rs 533 billion to Rs 1.22 trillion within the next five years, concluding by fiscal year 2028.
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SITE Karachi Industries Protest Soaring Gas Tariff, Fear Closure and Job Losses
Karachi, November 13, 2023 – The SITE Association of Industry (SAI) in Karachi has vehemently opposed the significant surge in gas tariffs, citing the adverse impact it is having on the industrial sector.
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