Karachi, February 26, 2026 – The Karachi Chamber of Commerce & Industry (KCCI) has reaffirmed its support for the principle of “one-city, one-chamber,” clarifying that the proposed Trade Organizations Rules 2013 Amendment Bill is purely clarificatory and designed to ensure unified citywide representation for Karachi.
(more…)Author: Shahnawaz Akhter
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Pakistan’s poverty and inequality hit alarming levels, warns Khurram Ijaz
Karachi, February 25, 2026 – Khurram Ijaz, Secretary General of the Businessmen Panel Progressive (BMPP) and former vice president of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has expressed deep concern over the latest planning ministry survey, highlighting the severe economic challenges facing Pakistan.
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OICCI pushes for tax refunds and investor-friendly reforms with IMF
Karachi, February 26, 2026 – The Overseas Investors’ Chamber of Commerce and Industry (OICCI) on Thursday held detailed discussions with a visiting International Monetary Fund (IMF) delegation on pending tax refunds and key policy challenges facing foreign investors in Pakistan.
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FBR clamps down on trade fraud, strikes Rs30 billion blow
Islamabad, February 26, 2026: The Federal Board of Revenue (FBR) has detected trade fraud cases totaling Rs30.46 billion following the successful rollout of its transformation plan. According to official FBR documents, customs authorities identified 174 cases of misdeclaration and under-valuation, safeguarding Rs1.37 billion in duties and taxes.
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Foreign investors cry foul as Rs103bn in tax refunds remain stuck at FBR
Karachi: Foreign investors operating in Pakistan have strongly urged the Federal Board of Revenue (FBR) to immediately release long-pending tax refunds amounting to Rs103 billion, warning that persistent delays are causing severe liquidity constraints and disrupting business operations.
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FBR Scripts Your Cash Withdrawal for Tax Investigation
With Pakistan’s tax authorities stepping up efforts to broaden the tax base, your cash withdrawals from banks are now under closer scrutiny. The Federal Board of Revenue (FBR) tracks significant cash withdrawals to ensure tax compliance, and banks are required to report details of large transactions.
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Business leaders raise alarm over proposed amendments to trade organization rules
Karachi, February 25, 2026 – Leading business figures in Pakistan have voiced serious concerns over the proposed amendments to the Trade Organization Rules (TORs) 2013, warning that the changes could dismantle district chambers and harm local economies nationwide.
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How Much Credit Card Payment Triggers FBR Scrutiny? You Must Know
The Federal Board of Revenue (FBR) is keeping a close eye on credit card transactions as part of its initiative to broaden Pakistan’s tax base. Citizens using credit cards should be aware that certain payment thresholds trigger mandatory reporting by banks to the FBR.
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FBR introduces format for bank deposit reporting: What account holders should know
The Federal Board of Revenue (FBR) has issued a format for banks to provide account holders’ deposit details. Citizens with significant deposits should be prepared for scrutiny as part of the government’s effort to enhance tax compliance.
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Khurram Ijaz urges export diversification to counter US trade curbs
Karachi, February 23, 2026 — Khurram Ijaz, General Secretary of the Businessmen Panel Progressive (BPP) and former vice president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has called on the government to urgently adopt a strategy of export diversification to safeguard Pakistan’s trade interests amid fresh regulatory curbs imposed by the United States on global imports.
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