Karachi, October 10, 2023 – The Pakistan Business Council (PBC) has revealed a significant issue of underreporting in Pakistan’s exports to China, raising concerns about foreign exchange problems faced by the country.
(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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Property Builders and Developers Demand Abolishing Section 7E
Karachi, October 9, 2023 – The Association of Builders and Developers (ABAD) of Pakistan has called upon the government to abolish Section 7E from the statute.
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KCCI Calls for Involvement in Finalizing Industrial Electricity Tariffs on Incremental Consumption
Karachi, October 9, 2023 – The President of the Karachi Chamber of Commerce and Industry (KCCI), Iftikhar Ahmed Sheikh, has welcomed the federal government’s initiative to provide cheaper electricity to industries on an incremental consumption basis for four months under the winter package.
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UNISAME Commends Strict Measures Against Currency Smuggling and Hoarding
Karachi, October 9, 2023 – The Union of Small and Medium Enterprises (UNISAME) has expressed its support for the government’s stringent actions against currency smuggling, hoarding, profiteering, and malpractices by money exchangers.
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Pakistan Business Council Urges Immediate Action to Halt Massive Under-Invoicing
Karachi, October 6, 2023 – The Pakistan Business Council (PBC) has issued an urgent call to the caretaker government, demanding immediate measures to put an end to widespread under-invoicing, which is causing substantial revenue leakages.
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Danish Ambassador Encourages Pakistan to Embrace Renewable Energy and Green Economy
Karachi, October 5, 2023 – The Ambassador of Denmark, Jakob Linulf, has offered valuable advice to Pakistan in overcoming its current energy crisis by transitioning towards renewable energy and adopting a green economy.
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Sindh Minister Emphasizes Need for Import Substitution as Part of Economic Reform Agenda
Karachi, October 4, 2023: Younus Dagha, Sindh Minister of Industries and Commerce and Revenue, has underscored the importance of incorporating an efficient import substitution plan into Pakistan’s economic reform agenda. According to Dagha, focusing solely on increasing exports is insufficient to strengthen the national economy.
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KCCI Signs MoU to Establish NUTECH Karachi Campus
The Karachi Chamber of Commerce & Industry (KCCI) and the National University of Technology (NUTECH) have signed a Memorandum of Understanding (MoU) outlining their commitment to establishing NUTECH Karachi Campus (NKC) on a 50-acre plot of land provided by the Airport Security Force (ASF) along the M-9 Superhighway.
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Pakistan Business Council Suggests Measures to Reduce Electricity Costs and Boost Forex Savings
Karachi, October 2, 2023 – Pakistan Business Council (PBC) has put forth a comprehensive set of recommendations to the government to alleviate country’s soaring electricity costs and enhance foreign exchange savings.
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National Logistics Cell Expands Trade Focus on Central Asia, Russia, and China
Karachi, October 2, 2023 – Major General Farrukh Shahzad Rao, the Director General of the National Logistics Cell (NLC), has announced the NLC’s commitment to strengthening trade relations with Central Asia, Russia, China, and Tashkent. This initiative aims to tap into the growing demand for Pakistani goods in these regions and enhance economic ties.
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