Karachi, April 26, 2024 – The Korangi Association of Trade and Industry (KATI) has made a strong appeal for the inclusion of agricultural income in the national tax framework in the upcoming 2024-25 budget announcement.
The textile industry in Pakistan, which accounts for 60 percent of the country’s total exports, may soon receive much-needed relief, according to analysts at Insight Securities Limited.
Karachi, April 25, 2024 – The Pakistan Business Council (PBC) has called for significant modifications to the FASTER system, aiming to extend sales tax refund benefits to all exporters and facilitate the adjustment of provincial input tax on services.
Karachi, April 25, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has voiced significant concerns over the Federal Board of Revenue’s (FBR) recent regulatory changes, labeling the Statutory Regulatory Order (SRO) 350 as anti-business and a potential threat to the ongoing viability of trade and industry sectors across Pakistan.
Lahore, April 24, 2024 – The Lahore Chamber of Commerce and Industry (LCCI) has formally requested the deferral of several recent Statutory Regulatory Orders (SROs) issued by the Federal Board of Revenue (FBR), citing significant disruptions to business activities.
Karachi, April 24, 2024 – In a significant move aimed at alleviating the concerns of the business sector, Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to defer the implementation of the controversial Statutory Regulatory Order (SRO) 350.
Karachi, April 23, 2024 – GlaxoSmithKline (GSK) Pakistan announced plans to challenge a recent decision by the Drug Court in Rawalpindi, which found certain current and former company officials guilty under the Drugs Act of 1976 for distributing sub-standard drugs.
Karachi, April 21, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has issued a strong demand for the suspension of Statutory Regulatory Order (SRO) 350, citing unresolved concerns and widespread discontent among the business community.
In a significant development aimed at addressing longstanding grievances of the business community over import/export tariffs, anti-dumping duties, and other trade barriers, Chairman of the National Tariff Commission (NTC), Naeem Anwar, has pledged to rectify these issues in the upcoming Federal Budget of 2024-25.
In a robust performance, Murree Brewery Company Limited has recorded a significant 84% increase in its profits for the first nine months of fiscal year 2023-24. The company’s after-tax profit soared to Rs 1.79 billion, up from Rs 973 million in the corresponding period of the previous fiscal year.