Karachi, May 19, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has recommended the government take urgent steps to rationalize the Federal Excise Duty (FED) and sales tax imposed on locally manufactured vehicles in the upcoming 2025-26 federal budget.
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FBR urged to reinstate sales tax on petroleum products in budget
Karachi, May 18, 2025 – The Federal Board of Revenue (FBR) has been strongly urged to reinstate the sales tax on petroleum products in the upcoming 2025-26 federal budget, as per detailed tax proposals submitted by the Overseas Investors Chamber of Commerce and Industry (OICCI).
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OICCI proposes structural customs reforms to combat smuggling
Karachi, May 16, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has called for wide-ranging customs reforms aimed at curbing smuggling and strengthening Pakistan’s trade integrity.
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OICCI calls for major salary tax relief in budget 2025-26
Karachi, May 14, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has urged the government to provide significant tax relief to salaried individuals in the upcoming Budget 2025-26, citing growing concerns over the rising burden on one of Pakistan’s most compliant taxpayer segments.
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OICCI suggests strategic tax incentives for budget 2025-26
Karachi, May 13, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has put forward a comprehensive set of tax reform proposals aimed at fostering compliance, promoting sustainability, and stimulating inclusive economic growth in Pakistan. The proposals, submitted ahead of the federal budget 2025-26, emphasize the need for strategic incentives rather than punitive measures.
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Foreign investors push Pakistan to scrap Rs5,000 banknote
Karachi, May 13, 2025 – A group of foreign investors operating in Pakistan has urged the government to demonetize the Rs5,000 currency note as part of a broader push to discourage cash-based transactions and accelerate the country’s shift toward a digital economy.
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OICCI proposes POS integration at airlines and travel agencies
Karachi, May 12, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has recommended that the Federal Board of Revenue (FBR) install Point-of-Sale (POS) systems at all airlines and travel agencies in Pakistan, as part of its proposals for the upcoming 2025-26 federal budget.
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OICCI proposes new measures to track undeclared properties
Karachi, May 10, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has put forward a comprehensive set of recommendations to the Federal Board of Revenue (FBR), aimed at identifying and documenting undeclared immovable properties across the country.
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OICCI advocates broadening tax base to achieve 15% tax-to-GDP
ISLAMABAD, May 9, 2025 — The Overseas Investors Chamber of Commerce and Industry (OICCI) has urged the government to prioritize broadening the tax base in the upcoming budget for FY2025-26, stating that this is essential to achieving a sustainable tax-to-GDP ratio of 15%.
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OICCI recommends gradual phasing out of minimum turnover tax
Karachi, May 9, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has proposed a structured, three-year phase-out of the minimum turnover tax, citing its detrimental impact on businesses operating on slim profit margins.
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