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Articles for tag: business, Closure, Latest, manufacturers, Tax, threaten, Vanaspati

July 24, 2025

News Desk

Vanaspati manufacturers threaten tax closure

Listen to the article Karachi: The Pakistani Vanaspati Manufacturers Association (PVMA) warned of an indefinite nationwide end of GHEE production and cooking oil, if the Federal Revenue Council (FBR) does not withdraw controversial tax enforcement powers within 48 hours. At a press conference after the meeting of the Association’s General Corps in Karachi, PVMA President Sheikh Umer Rehan said the strike was unanimously approved by members. However, the strike is waiting for two days due to continuing FPCCI-FBB talks facilitated by the Special Investment Facility Council (SIFC) in Islamabad. “We have delayed the strike by 48 hours, hoping that the

May 27, 2025

News Desk

Manufacturers “The Last of us” weighs for Jesse’s biggest decision

The creators “the last of us” reveal why Jesse opposed Ellie Before the end of the second season, the fans of The last of us He came to know that Jesse (Young Mazino) voted against Ellie’s attempt to avenge Joel’s assassins. According to ScreenManufacturers, Neil Druckmann and Craig Mazin, opened about Jesse’s decision and his disagreements with Ellie on various issues, far from the game where he had a convenience with her. Neil arrested: “I will not describe him this way in the game. I think in our conversations on how Jesse voted, we both in the same sense, yes,

May 23, 2025

News Desk

Car spare manufacturers are afraid of stopping growth

Listen to the article Islamabad: The spare parts manufacturers warned the government that the imposition of 15% of customs duties on the upcoming budget for the financial year 2025-26 would harm the development process of industry and its overall competitiveness. Have requested the withdrawal of the proposal and the provision of more protection in the industry. Automotive players took over the issue during a meeting led by Prime Minister’s special assistant for the Haroon Akhtar Khan industries, who discussed invoices. Interested industry stakeholders pointed out that the government raised 56% of industries’ revenue, which provided jobs to the locals. The

May 1, 2025

News Desk

Why do US manufacturers change from artificial food colors?

The representation picture shows candies. – Unsplash/file Some manufacturers in the United States are trying to move to natural dyes to paint their food products, as food dyes are becoming more and more limited to state and federal level. US Food and Drug Administration Commissioner Dr Marty Makary announced in a April 22 briefing that the Agency plans to work with industry to abolish the use of oil -based synthetic dyes in American food supply, CNN. These dyes are commonly used to make foods and drink products strongly colored and more attractive to consumers. They include red No 40, yellow

September 5, 2024

News Desk

Aston Martin is set to throw in the towel on F1 icon Adrian Newey after his dramatic exit from Red Bull!

Adrian Newey, a renowned designer who has directed the design of cars that have won 13 titles for Red Bull since joining in 2006, is scheduled to start working for Aston Martin in 2025. Newey’s departure from Red Bull was announced in May. September 13–15, is the Azerbaijan Grand Prix, the next race in Formula 1. Legendary Formula 1 designer Adrian Newey is expected to join Aston Martin in 2025 after leaving Red Bull. The 65-year-old’s departure as Red Bull technical director was confirmed in May, following reported tensions with team principal Christian Horner. Newey will stay at Red Bull

August 9, 2024

News Desk

Parts manufacturers are demanding the release of tax refunds

LAHORE: The Pakistan Association of Auto Parts and Accessories Manufacturers (Paapam) has announced that the tractor industry is on the verge of a complete shutdown due to the prolonged delay in the release of general sales tax (GST) refunds by the Federal Board of Revenue (FBR) and the recent implementation of a new GST regime under Statutory Regulatory Order (SRO) 563. “This situation has created a cash flow crisis across the entire supply chain, affecting everything from raw material suppliers to small and medium-sized enterprises (SMEs) in the engineering sector,” the association said in a statement. The problem has escalated

June 26, 2024

News Desk

Carpet manufacturers are threatening to go out of business

LAHORE: Carpet manufacturers have warned the government that if exporters are included in the regular tax regime as per the budget proposals, all exporters will be forced to shut down their businesses. While raising concerns during a visit to the Lahore Chamber of Commerce and Industry (LCCI) on Tuesday, members of the Pakistan Carpet Manufacturers and Exporters Association, led by Shahid Hassan Sheikh, said that instead of providing facilities to the export sector, the government had added to their difficulties. Placing exporters under the normal tax regime will reduce their revenue and slow dollar inflows into the country, which will

June 14, 2024

News Desk

The government is imposing a new tax to curb the illegal cigarette trade

KARACHI: Pakistan’s regulated cigarette manufacturers and cigarette traders have welcomed the government’s move to impose Federal Excise Duty (FED) on the raw material – filter (acetate tow) – to bring tax evaders into the tax net. At the same time, they asked the government to strictly implement the actions, including the Track & Trace system, which is already in place but half-heartedly implemented at the national level. This resulted in the industry’s regulated sales being severely affected and provided an opportunity for producers and traders of illegal cigarettes to thrive. Presenting the federal budget in the National Assembly on Wednesday,

May 28, 2024

News Desk

Aftermarket manufacturers seek 10-year EV plan

LAHORE: Auto parts and accessories manufacturers have urged the government to take substantive steps in the upcoming budget to save the ailing auto parts industry, which supports millions of families across the country. In its budget proposals submitted to the government, the Pakistan Association of Auto Parts and Accessories Manufacturers (Paapam) called on the government to take immediate steps to revive the industry by focusing on boosting exports and encouraging local manufacturing of technical products. Paapam Chairman Abdul Rehman Aizaz, Senior Vice President Mumshad Ali and Vice President Taufiq Sherwani highlighted the importance of conserving and earning foreign exchange to

April 17, 2024

News Desk

Cement manufacturers said to print expiration dates

Islamabad: The Competition Commission of Pakistan (CCP) has issued a policy note under section 29 of the Competition Act, 2010 to the Ministry of Science and Technology and the Pakistan Standards and Quality Control Authority (PSQCA). The policy note recommends that they amend the Pakistan Standard Specification for all five types of cement and make it mandatory for manufacturers to disclose the ‘manufacture/pack and expiry/best before’ dates on their cement bags. CCP noted that cement is inherently hygroscopic and begins to lose strength significantly after four to six weeks of bagged storage under normal conditions and much earlier under adverse

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