Introduction Pakistan’s leading chambers of commerce and industry have called on the government to abolish anti-export levies and special tax exemptions in the upcoming federal budget (2025-26). These measures, they argue, are hurting revenue collection and stifling economic growth. During a meeting with the Senate Standing Committee on Finance and Revenue, industry representatives highlighted key issues, including:✔ Revenue losses from tax exemptions in ex-FATA regions✔ High advance […]
45 Customs Clearing Agents Suspended for Regulatory Violations by Customs Appraisement West Crackdown: What It Means for the Industry
Introduction:In a significant move to enforce compliance and uphold the integrity of customs operations, the Customs Appraisement West region has suspended the licenses of 45 customs clearing agents for violating regulations. This crackdown underscores the increasing scrutiny on trade intermediaries and highlights the importance of adhering to legal and procedural standards. For businesses and customs […]
Maple Leaf Cement Announces Intent to Acquire 38% Stake in Agritech
In a strategic move to diversify its portfolio, Maple Leaf Cement Factory Limited (MLCF) has formally Maple Leaf Cement Factory Limited (MLCF) has announced its plan to acquire a 38% stake in Agritech Limited, a major fertilizer company in Pakistan. This decision was shared through a notice to the Pakistan Stock Exchange (PSX). The move […]