The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the government to implement taxation reforms and simplify the taxation system in the upcoming budget for the fiscal year 2023-2024.
(more…)Category: Trade & Industry
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Pakistan’s apex trade body calls for significant reduction in petroleum prices
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI), the country’s apex trade body, on Monday urged the government to announce a substantial reduction in petroleum prices.
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Business leaders urge unity to address political instability and economic crisis
The Leadership of Businessmen Group (BMG) and Karachi Chamber of Commerce & Industry (KCCI) Monday expressed their deep dissatisfaction with the ongoing political instability, which is severely impacting the country’s already struggling economy and declining exports.
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OICCI proposes harsh penalties for selling cigarettes below MLP
In anticipation of the upcoming federal budget, foreign investors operating in Pakistan, through the Overseas Investors Chambers of Commerce and Industry (OICCI), have submitted specific proposals pertaining to the tobacco industry to the Federal Board of Revenue (FBR).
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FPCCI urges government consultation for Pakistan’s economic challenges
Irfan Iqbal Sheikh, the President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has expressed his concerns about the government’s lack of consultation with the business community regarding the upcoming federal budget for 2023-24.
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Foreign investors urge Pakistan to simplify withholding tax regime
Foreign investors in Pakistan are urging for a simplified withholding tax regime in the upcoming budget for 2023-2024.
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Pakistan’s tobacco industry faces challenges amidst excise increases and duty evasion
In February 2023, Pakistan’s Finance (Supplementary) Bill 2023 introduced a significant excise increase for the tobacco industry, resulting in the highest-ever excise duty on tier-1 and tier-2 cigarette brands.
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OICCI proposes increase in salaried tax exempt income threshold
The Overseas Investors Chamber of Commerce and Industry (OICCI) has submitted its proposals for the upcoming budget 2023-2024 to the Federal Board of Revenue (FBR).
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FPCCI urges restoration of stability, demands neutral economic agenda for Pakistan
President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Irfan Iqbal Sheikh, has called for the restoration of stability, certainty, and law and order in the country.
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PBC terms super tax as penalty on documented sector
The Pakistan Business Council (PBC) has expressed its dissatisfaction with the imposition of super tax on corporate profits, describing it as a penalty on the documented sector.
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