Pakistan reported a USD 324mn deficit in Apr’26
In Apr’26, Pakistan reported a current account deficit of USD 324mn, a decrease from USD 12mn in Apr’25. This was a result of an 11.4% YoY increase in imports and…
HCSTSI suggests providing relief to small traders and SMEs in the upcoming 2026-27 budget
President of the Hyderabad Chamber of Small Traders and Small Industry, Muhammad Saleem Memon, emphasized that without relief for small traders and SMEs in the upcoming 2026-27 budget, a crisis…
Karachi Chamber demands immediate repealing of Sections 37A & 37B
President Karachi Chamber of Commerce & Industry (KCCI) Jawed Bilwani and Chairman Businessmen Group Zubair Motiwala, while strongly criticizing the newly enacted Sections 37A and 37B of the Sales Tax Act which…
PYMA has categorically rejected the inclusion of Articles 37-A and 37-B in the Sales Tax Act
The Pakistan Yarn Merchants Association (PYMA) has categorically rejected the inclusion of Articles 37-A and 37-B in the Sales Tax Act under the recent Finance Bill. In an appeal to…
EFS Scheme violations force dozens of importers to close their businesses
Salim Valimuhammad, Chairman of the Pakistan Chemicals & Dyes Merchants Association (PCDMA), has exposed rampant exploitation of the Export Facilitation Scheme (EFS), with fraudulent practices reportedly costing the national treasury…
Goods Transporters of Pakistan demand reversal of the tax increase in budget
In a press conference today, the Goods Transporters of Pakistan made a passionate appeal to the media and government officials regarding a recent decision to increase the withholding tax on…
PAA urges reversal of unjustified WHT hike at FPCCI post-budget forum
A delegation from the Pakistan Advertisers Association (PAA) represented the advertising and marketing communications sector at the Post-Budget Consultative Meeting on Tax Anomalies, convened by the Federation of Pakistan Chambers…
FPCCI denounces new tax powers for officers at post-budget press conference
On 18 June, a press conference was held by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), during which senior officials representing various trade and industry associations expressed…
President of FBATI declares Federal and Provincial Budgets as anti-industry
Sheikh Muhammad Tahseen, President of the Federal B Area Association of Trade and Industry (FBATI), expressed deep disappointment over the federal and provincial budgets, describing them as a roadmap to…
Hanif Lakhani said granting FBR Officers SHO Powers will decrease tax collection
Muhammad Hanif Lakhani, a former Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and a former Senior Vice President of the Karachi Chamber of Commerce…
Govt warned on risks from FBR compliance demands, says PCDMA Chief
Salim Valimuhammad, Chairman of the Pakistan Chemicals & Dyes Merchants Association (PCDMA), has voiced serious concerns over the Federal Board of Revenue’s (FBR) increasing compliance demands, warning that the current…
Reduce dependence on imports and focus on boosting exports
Renowned economic analyst and former President of the Islamabad Chamber of Commerce, Dr. Shahid Rasheed Butt, has stated that the current budget suffers from multiple flaws, prioritizing short-term revenue targets…
The promotion of renewable energy should not be hindered: Mian Zahid Hussain
The Chairman of National Business Group Pakistan, the President of the Pakistan Businessmen and Intellectuals Forum, the President of All Karachi Industrial Alliance, the Chairman of the FPCCI Advisory Board,…
KCCI leadership blasts Federal & Sindh Budgets for sidestepping Karachi’s needs
Chairman Businessmen Group (BMG) Zubair Motiwala and President Karachi Chamber of Commerce & Industry (KCCI) have strongly condemned the Federal and Sindh Budgets 2025–26, describing them as deeply disappointing and…
Sindh needs a liberal industrial policy, says NKATI President Faisal Moiz Khan
Commenting on the Sindh budget, North Karachi Association of Trade and Industry (NKATI) President Faisal Moiz Khan stated that the province of Sindh needs a liberal industrial policy. He suggested that…
HCSTS demands relief and structural support for small traders, manufacturers, and the broader business community.
The office-bearers of the Hyderabad Chamber of Small Traders & Small Industry (HCSTSI), including President Muhammad Saleem Memon, Senior Vice President Ahmed Idrees Chohan and Vice President Shan Sehgal, jointly…
PCA firmly condemns the newly granted powers to FBR officers
The Pakistan Coating Association (PCA) Chairman, Mr. M. Ubaidullah Mian, talking to the press, strongly condemns the recent powers granted to Federal Board of Revenue (FBR) officers to arrest the…
Rising oil price may impact Pakistan’s import bill: AHCML
With Israel’s military strike on Iran pushing Arab Light crude above USD 69/bbl as of June 13, 2025, Pakistan’s vulnerability to oil price shocks has intensified. In 10MFY25, the country imported…
Ignoring edible oil sector in federal budget alarming: Sheikh Umer Rehan
Sheikh Umer Rehan, Chairman of the Pakistan Vanaspati Manufacturers Association (PVMA), has termed the Federal Budget 2025-26 disappointing for the food sector, particularly the ghee and cooking oil industry. Expressing…
Over 40% of anomalies in the Federal Budget must be rectified, Vice President FPCCI-Amaan Paracha
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Vice President Muhammad Amaan Paracha has stated that the federal budget for the new fiscal year does not align with the…
Livoltek is committed to providing cost-effective solar solutions
Livoltek is committed to providing cost-effective solar solutions for Pakistani households and businesses, despite the challenges posed by the 2025 budget, including new taxes on imported solar equipment and changes…
Federal budget FY26: Revenue generation and real GDP growth targets are likely to be missed
S&P Global Market Intelligence forecasts the overall budget deficit to be 5.1% of GDP, higher than the budget estimate of 3.9% of GDP. Real GDP growth is projected at 3.6%…
Karachi industrialists criticize solar tax, urge relief for textile industry
Abdul Shakoor Khatri, a prominent industrialist and founding chairman of the All-Pakistan Textile Processing Mills Association (APTPMA), has strongly criticized the imposition of an 18% tax on solar energy in…
The budget aligns with current realities, and a defense hike is laudable
A respected business leader and former president of the Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt stated on Thursday that the newly announced budget aligns with…
The Federal Budget for the new fiscal year is not beneficial for the industrial sector, UBG
United Business Group (UBG) President Zubair Tufail, Core Committee Members Malik Khuda Bakhsh, Syed Mazhar Ali Nisar, Khalid Tawab, and Hanif Gohar have termed the federal budget 2025–26 as disappointing,…