Karachi, November 19, 2025 – In a bold move signaling tighter scrutiny on Pakistan’s business elite, the Federal Board of Revenue (FBR) has transferred the high-profile tax assessment case of the Karachi Chamber of Commerce and Industry (KCCI) to the Large Taxpayers Office (LTO) Karachi.
This shift marks a significant step in the FBR’s ongoing drive to streamline tax assessments and bolster revenue collection from major commercial entities.
Previously, the KCCI tax matters were under the Corporate Tax Office (CTO), but the FBR’s decision to assign the case to LTO Karachi – the nation’s largest and most powerful tax assessment and collection body – underscores the importance of the case. LTO Karachi is known for handling companies with substantial turnovers and multi-million-rupees annual profits, making it the ideal authority for such high-stake evaluations.
Insiders reveal that the LTO will now have the authority to meticulously assess KCCI’s income statements, including financial scrutiny of its prominent members, who are among the country’s leading industrialists and traders. This move is expected to ensure more rigorous oversight and transparency in tax reporting.
In a parallel development, the FBR has also transferred the tax assessment of the Pakistan Hosiery Manufacturers and Exporters Association from CTO Karachi to LTO Karachi. Experts say these jurisdictional changes reflect a strategic push by the FBR to identify loopholes, strengthen compliance, and enhance overall revenue collection.
The transfer of these influential cases to LTO Karachi signals a clear message: the FBR is intensifying its focus on Pakistan’s corporate giants, aiming to tighten tax governance, curb evasion, and reinforce accountability among the nation’s top business players.
This move is being closely watched by business circles and market analysts as a potential turning point in Pakistan’s tax administration strategy.