KARACHI: While local industry and exporters have welcomed Prime Minister Shehbaz Sharif’s newly announced relief package, foreign investors have raised concerns over demand notices issued by the Federal Board of Revenue (FBR) following the Federal Constitutional Court’s ruling upholding the super tax. Read More: Government plans relief for salaried class, industries next budget The Overseas Investors […]
exporters
PM announces power tariff cut, incentives for industry, exporters
Prime Minister Shehbaz Sharif on Friday announced a Rs 4.4 reduction in the per unit rate of electricity for the industrial sector in a bid to improve productivity and exports. The premier stated this during an address to the country’s major exporters and business figures at a ceremony in Islamabad, which was held to honour […]
IMF ties tax relief for salaried class to reduced public expenditure
As negotiations between Pakistan and the International Monetary Fund (IMF) near conclusion, the global lender has conditioned any meaningful tax relief for salaried individuals, property owners, beverage producers, and exporters on substantial reductions in government expenditure. The IMF team, which is wrapping up its visit to Islamabad on Friday, has made it clear that increased […]
Govt urged to assist surgical industry in labour training
SIALKOT: Pakistan’s surgical Industry has seen its fair share of impediments. Availability of skilled labor, lack of innovation and leakage of advanced technology to meet the global trade are some in the long list of woes. Leader of Pakistan’s surgical Industry Jehangir Bajwa said that the century old surgical industry was in dire need of […]
Pakistani textile exporters requested to participate at Milan Fashion Week this year
Pakistan’s textile industry has achieved another milestone. Designers from Milan have asked textile exporters to become a part of Milan Fashion Week 2019. Italian designer Stella Jean along with her six-member Italian delegation recently visited Faisalabad’s textile factories and showed their interest in working with Pakistani fabric. “Faisalabad is a manufacturing hub of popular international […]