ICAP - CA

ICAP proposes wider banking data access to help FBR expand tax base

ICAP proposes monthly CNIC-linked banking data reporting and AI-driven analysis to help FBR detect undeclared income and improve tax compliance The Institute of Chartered Accountants of Pakistan (ICAP) has called for the Federal Board of Revenue (FBR) to significantly expand its use of banking data, recommending monthly digital transaction reporting to improve tax compliance and […]

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FBR launches IRIS 2.0

ICAP proposes expanded role for chambers in tax crackdown on informal traders

ICAP proposes tax facilitation desks, data-sharing systems and national performance rankings for chambers to help widen Pakistan’s tax base and curb informality The Institute of Chartered Accountants of Pakistan (ICAP) has proposed a major overhaul of Pakistan’s tax enforcement framework, suggesting that district chambers of commerce be turned into active partners in efforts to curb […]

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Karachi Chamber

Export emergency: KCCI warns Pakistan’s textile industry is under siege

Karachi Chamber warns high energy costs, taxation and policy uncertainty are weakening Pakistan’s global textile competitiveness KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has sounded alarm over the deteriorating competitiveness of Pakistan’s textile sector, warning that rising production costs, inconsistent policies and stronger regional competition are threatening the country’s largest export industry.

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KCCI seeks restoration of final tax regime for exporters in FY2026-27 budget

Karachi Chamber says shift to Normal Tax Regime has increased tax burden, compliance costs and operational challenges for exporters. The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to restore the Final Tax Regime (FTR) for exporters in the Federal Budget 2026-27, arguing that the existing taxation framework is undermining the competitiveness […]

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cryto currency Pakistan

Expected tax regime for cryptocurrency in FY2026–27 budget

Government weighs capital gains, transaction and holdings-based taxation as digital assets move toward formal regulatory framework ISLAMABAD, June 4, 2026 — Pakistan is preparing to introduce a formal tax and regulatory framework for cryptocurrency transactions as part of the federal budget 2026–27, in what would mark one of the country’s first structured attempts to bring […]

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chartered Accountants

ICAP urges review of extra tax collection through electricity and gas bills

Chartered accountants call for reforms in utility tax collection system, citing misclassification and compliance issues in FY2026-27 proposals ISLAMABAD, June 4, 2026 — The Institute of Chartered Accountants of Pakistan (ICAP) has urged the government to review the mechanism for collecting additional sales tax through electricity and gas bills, arguing that the current system is […]

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budget proposals

ICAP proposes new tax regime to attract foreign investment in Pakistan

Chartered accountants propose 10-year tax stability and incentives for export-oriented foreign investors in FY2026-27 budget The institute recommended the creation of a separate tax schedule specifically designed for foreign direct investment in export-led manufacturing sectors. Under the proposed framework, qualifying investors would receive a package of tax incentives, legal protections and clearly defined eligibility criteria […]

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