Amidst preparations for the upcoming budget 2024-25, the business community in Pakistan, represented by the Karachi Chamber of Commerce and Industry (KCCI), is vehemently urging the government to abolish Section 7E of the Income Tax Ordinance, 2001.
(more…)Category: Budget
This is parent category of budgets presented by Pakistan government. Here you will find year-wise federal and provincial budgets.
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Karachi Chamber Demands Revocation of Controversial SRO 350
Karachi Chamber of Commerce and Industry (KCCI) has called for the revocation of the controversial Statutory Regulatory Order (SRO) 350 through proposed amendments in the upcoming budget for the fiscal year 2024-25.
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KCCI Pushes for Tax Procedure Simplification in Budget 2024-25
Karachi Chamber of Commerce and Industry (KCCI) has mounted pressure on the government for the simplification of tax procedures in the upcoming budget for the fiscal year 2024-25.
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OICCI Proposes Revamping Telecom Sector WHT Regime
The Overseas Investors Chamber of Commerce and Industry (OICCI) has put forward a comprehensive proposal aimed at revamping the withholding tax (WHT) regime for the telecom sector in Pakistan, as part of its recommendations for the upcoming budget 2024-25.
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OICCI Advocates for Regulatory Duties on Used Car Imports
The Overseas Investors Chamber of Commerce and Industry (OICCI) has put forward a proposal urging the reinstatement of regulatory duty (RD) and additional customs duty (ADD) on the import of used cars.
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National Assembly Sets Budget 2024-25 Session for June 6th
As Pakistan’s National Assembly continues its proceedings, plans for the upcoming budget session for the fiscal year 2024-25 are taking shape, with discussions slated to begin on June 6th, 2024.
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Salaried Class Bears Excessive Tax Burden in Pakistan: OICCI
Karachi, May 13, 2024 – Startling revelations by foreign investors operating in Pakistan have shed light on an alarming fiscal trend: the salaried class is shouldering a disproportionate tax burden, eclipsing the combined contributions of exporters and retailers.
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OICCI Demands Development of Sales Tax Laws for Distributors
Karachi, May 13, 2024 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has urged the development of policy guidelines for sales tax laws on distributors, emphasizing the need for collaboration and coordination among federal and provincial tax regulators.
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Pakistan Making Tough Economic Decisions for Better: Aurangzeb
Pakistan is navigating a challenging economic landscape, implementing what they describe as “tough but necessary” decisions for the country’s long-term well-being.
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Foreign Investors Demand Elimination of Super Tax
Karachi, May 12, 2024 – Foreign investors operating in Pakistan have issued a fervent plea to authorities to eliminate the super tax as part of the budget for the fiscal year 2024-25.
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