The business community in Pakistan has welcomed the recent reduction in petroleum prices, expressing their appreciation for the positive impact expected to have on various sectors of the economy.
(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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ICAP successfully hosts highly anticipated CFO Conference 2023
The Institute of Chartered Accountants of Pakistan (ICAP) Tuesday organized the much-awaited CFO Conference 2023, focusing on the theme of “Resilient CFO – Balancing the Agenda for Tomorrow.” The event took place at a local hotel in Karachi and was spearheaded by the Professional Accountants in Business (PAIB) Committee.
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FPCCI proposes simplification of taxation system in Budget 2023-2024
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the government to implement taxation reforms and simplify the taxation system in the upcoming budget for the fiscal year 2023-2024.
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Pakistan’s apex trade body calls for significant reduction in petroleum prices
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI), the country’s apex trade body, on Monday urged the government to announce a substantial reduction in petroleum prices.
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Business leaders urge unity to address political instability and economic crisis
The Leadership of Businessmen Group (BMG) and Karachi Chamber of Commerce & Industry (KCCI) Monday expressed their deep dissatisfaction with the ongoing political instability, which is severely impacting the country’s already struggling economy and declining exports.
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OICCI proposes harsh penalties for selling cigarettes below MLP
In anticipation of the upcoming federal budget, foreign investors operating in Pakistan, through the Overseas Investors Chambers of Commerce and Industry (OICCI), have submitted specific proposals pertaining to the tobacco industry to the Federal Board of Revenue (FBR).
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FPCCI urges government consultation for Pakistan’s economic challenges
Irfan Iqbal Sheikh, the President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has expressed his concerns about the government’s lack of consultation with the business community regarding the upcoming federal budget for 2023-24.
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Foreign investors urge Pakistan to simplify withholding tax regime
Foreign investors in Pakistan are urging for a simplified withholding tax regime in the upcoming budget for 2023-2024.
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Pakistan’s tobacco industry faces challenges amidst excise increases and duty evasion
In February 2023, Pakistan’s Finance (Supplementary) Bill 2023 introduced a significant excise increase for the tobacco industry, resulting in the highest-ever excise duty on tier-1 and tier-2 cigarette brands.
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OICCI proposes increase in salaried tax exempt income threshold
The Overseas Investors Chamber of Commerce and Industry (OICCI) has submitted its proposals for the upcoming budget 2023-2024 to the Federal Board of Revenue (FBR).
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