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.
(more…)Category: Budget
This is parent category of budgets presented by Pakistan government. Here you will find year-wise federal and provincial budgets.
-
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.
(more…) -
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.
(more…) -
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.
(more…) -
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.
(more…) -
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.
(more…) -
FBR Asked to Link WHT Collection with Property Tax
The Overseas Investors Chamber of Commerce and Industry (OICCI) has called upon the Federal Board of Revenue (FBR) to adopt a groundbreaking approach by linking the collection of withholding tax (WHT) with property tax revenues gathered by provincial authorities.
(more…) -
OICCI Presents Novel Idea to Tax Register Retail Sector
Karachi, May 12, 2024 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has put forth an innovative approach to tackle the challenge of tax registration within the highly undocumented retail sector.
(more…) -
Health Experts Propose Ambitious Tax Hike on Cigarettes
Health experts have put forward a compelling case for a substantial tax increase on cigarette sales as a means to deter tobacco use and promote public health.
(more…) -
PBF Advocates Tax Reforms to Combat Under-Invoicing
The Pakistan Business Forum (PBF) has put forth a comprehensive set of proposals urging tax authorities to undertake significant reforms aimed at curbing under-invoicing by commercial importers and fostering industrial growth.
(more…)