The Pakistan Yarn Merchants Association (PYMA) has voiced its apprehensions regarding the increasingly unstable political landscape in the country. PYMA has warned that the ongoing political conflicts pose a serious threat to Pakistan’s economy and global standing.
(more…)Category: Trade & Industry
This section covers news on trade and industry. Pakistan Revenue is committed to providing the latest updates on business trends.
-
Trade body proposes VAT on supplies to individuals without CNIC
The Karachi Chamber of Commerce and Industry (KCCI) has recommended that the Federal Board of Revenue (FBR) impose a value-added tax (VAT) on supplies made to individuals who fail to provide their Computerized National Identity Card (CNIC) number.
(more…) -
Karachi Chamber calls for separate currency exchange portal to boost trade facilitation
Karachi Chamber of Commerce and Industry (KCCI) has urged the central bank to establish a dedicated online platform for buying and selling foreign currencies, specifically the US Dollar.
(more…) -
KCCI proposes importers’ role in foreign exchange arrangements for import payments
Karachi Chamber of Commerce and Industry (KCCI) has put forward a proposal suggesting that importers should be allowed to independently arrange foreign exchange for their import payments.
(more…) -
FBR assures taking no more illegal raids on shopkeepers: KCCI
Intelligence and Investigation Wing of the Federal Board of Revenue (FBR) has given assurances to traders that no illegal raids will be conducted against shopkeepers.
(more…) -
FPCCI submits proposals for federal budget 2023-2024
ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) submitted its proposals for the federal budget 2023-2024 on Thursday.
(more…) -
Lucky Cement expands clinker production capacity in Iraq
Lucky Cement Limited Thursday announced its plans to expand its clinker production capacity in Iraq in response to the increasing demand for cement in the country.
(more…) -
Overseas investors urge Pakistan to crack down on illicit trade, raid retailers
The Overseas Investors Chamber of Commerce and Industry (OICCI) has called upon Pakistan to take decisive action against retailers and manufacturers involved in illicit trade.
(more…) -
UNISAME opposes potential re-imposition of withholding tax on cash withdrawal
KARACHI: The Union of Small and Medium Enterprises (UNISAME) has voiced its opposition to reports suggesting that the government is considering the re-imposition of withholding tax on cash withdrawals.
(more…) -
OICCI recommends demonetization of Rs5,000 banknote to curb cash dealings
The Overseas Investors Chamber of Commerce and Industry (OICCI) has put forth a recommendation to the government, urging the demonetization of the Rs5,000 banknote as a measure to curb cash dealings in the country.
(more…)