Tobacco giant holds key meeting with minister ahead of FY27 budget
Pakistan Tobacco Company urges the federal government to curb illicit trade and rationalise taxation just days before the federal budget announcement.
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Pakistan Tobacco Company urges the federal government to curb illicit trade and rationalise taxation just days before the federal budget announcement.
Continue ReadingExperts warn fiscal policy remains crisis-driven and call for stronger investment in resilience, social protection and green growth. ISLAMABAD: Pakistan’s fiscal framework continues to prioritise short-term crisis management instead of addressing structural weaknesses that deepen poverty, inequality and climate vulnerability, according to experts from the Sustainable Development Policy Institute (SDPI).
Continue ReadingChartered accountants urge Pakistan to enforce tax return filing for foreign residents staying more than 183 days annually. ISLAMABAD: The Institute of Chartered Accountants of Pakistan (ICAP) has recommended making income tax return filing mandatory for foreign nationals residing in Pakistan for more than 183 days during a tax year.
Continue ReadingKarachi Tax Bar Association proposes removing surplus fund tax and administrative expense restrictions on non-profit organisations The Karachi Tax Bar Association (KTBA) has proposed significant tax relief measures for non-profit organisations (NPOs) in the Budget 2026-27, arguing that the existing tax framework restricts welfare activities and creates financial challenges for charitable institutions.
Continue ReadingKarachi Chamber calls for phased implementation of e-bilty system amid concerns over digital infrastructure shortcomings The Karachi Chamber of Commerce and Industry (KCCI) has identified persistent internet disruptions and inadequate digital infrastructure as major obstacles to the smooth implementation of the Federal Board of Revenue’s (FBR) e-bilty system, urging the government to reconsider its approach […]
Continue ReadingKarachi Chamber calls for business-friendly tax reforms, digital verification and an end to disruptive enforcement practices The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to abolish the Federal Board of Revenue’s (FBR) authority to freeze bank accounts, arguing that the practice disrupts business operations and undermines taxpayer confidence.
Continue ReadingTRANSFORM Pakistan Campaign says higher taxes on sweetened beverages can reduce diabetes and other non-communicable diseases A coalition of civil society organisations and public health professionals working under the TRANSFORM Pakistan Campaign has urged the government to increase the Federal Excise Duty (FED) to 40 per cent on all sweetened beverages, including juices and fruit […]
Continue ReadingICAP 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 […]
Continue ReadingICAP 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 […]
Continue ReadingKarachi 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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