Nov 24

Tax officials meet foreign investors to resolve issues

KARACHI: A team of senior tax officials held a meeting with foreign investors on Tuesday in order to resolve their pending issues. The team of senior tax officials was headed by Shahid Iqbal Baloch, Chief Commissioner Inland Revenue (CCIR), Large Taxpayers Office (LTO) Karachi. Kazi Hifzur Rehman, Commissioner Inland Revenue, Audit Zone-III, LTO Karachi was […]

by Anjum Shah

German body seeks investment opportunities in Pakistan

Sep 13

Trade & Industry

German body seeks investment opportunities in Pakistan

KARACHI: A 20-member German Emirati Chamber of Commerce & Industry (AHK) business delegation, which is visiting Pakistan for a firsthand assessment of business and investment opportunities in the country held a meeting today with foreign investors, members of Overseas Investors Chamber of Commerce and Industry (OICCI). The German Business delegation was accompanied by Holger Ziegeler, […]

by Anjum Shah

Record improvement in foreign investors’ confidence

Aug 23

Trade & Industry

Record improvement in foreign investors’ confidence

KARACHI: The business confidence score (BSC) of foreign investors operating in Pakistan have witnessed a record improvement. Overseas Investors Chamber of Commerce and Industry (OICCI) in its latest Business Confidence Index (BCI) Survey – Wave 20, for the period May to July 2021, issued on Monday revealed that the overall Business Confidence Score (BCS) in […]

by Anjum Shah

Self assessment scheme to facilitate taxpayers: Tarin

Aug 20

Finance, Taxation, Trade & Industry

Self assessment scheme to facilitate taxpayers: Tarin

KARACHI: Finance Minister Shaukat Tarin on Friday said that the Universal Self Assessment Scheme (USAS) has been reintroduced. This scheme will facilitate taxpayers in declaring income and assets. He was addressing the members of Overseas Investors Chamber of Commerce and Industry (OICCI), during his visit to Karachi. The finance minister added that the government withdrew […]

by Faisal Shah

Foreign investors pay Rs1.4 trillion as annual tax revenue in Pakistan

Jul 5

Trade & Industry

Foreign investors pay Rs1.4 trillion as annual tax revenue in Pakistan

KARACHI: The foreign firms operating in Pakistan have paid around Rs1.4 trillion as duty and taxes during fiscal year 2020/2021, said Overseas Investors Chamber of Commerce and Industry (OICCI) on Monday. The OICCI is the chamber of leading over 200 foreign investors in Pakistan belonging to 35 countries. It released the consolidated financial contribution of […]

by admin

Foreign investors praise State Bank for facilitating remittances

Jun 15

Money & Banking, Trade & Industry

Foreign investors praise State Bank for facilitating remittances

KARACHI: Foreign investors operating in the country have appreciated the significant improvement in the foreign exchange remittance processing time and in growing engagement of the State Bank of Pakistan (SBP) leadership with the key stakeholders. The Overseas Investors Chamber of Commerce and Industry (OICCI), released the results of their latest annual Remittance Survey 2021, conducted […]

by admin

Foreign investors call for strong protection of intellectual property rights

Apr 26

Trade & Industry

Foreign investors call for strong protection of intellectual property rights

KARACHI: Foreign investors from the platform of Overseas Chamber of Commerce and Industry (OICCI) have demanded strong protection of intellectual property rights in Pakistan for encouraging innovation and creativity in people and society. ‘The Overseas Investors Chamber of Commerce and Industry (OICCI) has always championed the cause of protecting Intellectual Property Rights in Pakistan which […]

by Anjum Shah

FBR advised to simplify withholding tax regime on imports

Apr 24

Budget 2021-2022, Trade & Industry

FBR advised to simplify withholding tax regime on imports

KARACHI: Federal Board of Revenue (FBR) has been urged to simplify the withholding tax regime on imported goods under Section 148 of the Income Tax Ordinance, 2001. Overseas Investors Chamber of Commerce and Industry (OICCI) in its proposals for budget 2021/2022 urged to FBR to simplify the withholding taxes on goods at the import stage. […]

by admin

FBR urged to revise slabs for advance tax collection on motor cars

Apr 17

Automotive, Budget 2021-2022, Taxation

FBR urged to revise slabs for advance tax collection on motor cars

KARACHI: Federal Board of Revenue (FBR) has been urged to revise slabs of engine capacity of motor cars to give benefit to buyers in payment of withholding tax. Overseas Investors Chamber of Commerce and Industry (OICCI) in its proposals for budget 2021/2022 submitted to the FBR, said that advance tax under section 231B of Income […]

by admin

FBR recommended to reduce minimum tax for chemical companies

Apr 14

Budget 2021-2022, Trade & Industry

FBR recommended to reduce minimum tax for chemical companies

KARACHI: Federal Board of Revenue (FBR) has been urged to reduce minimum tax rate for chemical companies having large turnover with low profit margins. Overseas Investors Chamber of Commerce and Industry (OICCI) in its proposals for budget 2021/2022 submitted to the FBR, recommended that minimum tax rate should be reduced to 0.2 percent for large […]

by admin