OICCI Archives - Page 2 of 19

Foreign investors strongly oppose FBR’s proposed arrest powers

June 21, 2025June 21, 2025Shahnawaz Akhter

Karachi, June 21, 2025 – Foreign investors operating in Pakistan have voiced strong opposition to the sweeping powers of arrest proposed for Federal Board of Revenue (FBR) officials under the Finance Bill 2025-26.

Illicit trade with India draining Pakistan economy: OICCI

June 8, 2025June 8, 2025Shahnawaz Akhter

Karachi, June 8, 2025 — The Overseas Investors Chamber of Commerce and Industry (OICCI) has raised serious concerns over the mounting economic damage inflicted on Pakistan due to illicit and undocumented trade with India.

OICCI highlights tax issues in tobacco sector, seeks urgent relief

May 25, 2025May 25, 2025Shahnawaz Akhter

Karachi, May 25, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has raised serious concerns over the alarming rise in illicit trade within Pakistan’s tobacco sector, urging the government to provide immediate tax relief and regulatory support to protect legitimate businesses.

Business confidence in Pakistan sees major boost: OICCI survey

May 22, 2025May 22, 2025Shahnawaz Akhter

Karachi, May 22, 2025 — In a major sign of an economic turning point, business confidence in Pakistan has rebounded dramatically, with optimism soaring across industries, according to the latest Business Confidence Index (BCI) Survey released by the Overseas Investors Chamber of Commerce and Industry (OICCI).

OICCI wants lower taxes on Pakistani-made vehicles in budget

May 19, 2025May 19, 2025Faisal Shahnawaz

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.

FBR urged to reinstate sales tax on petroleum products in budget

May 18, 2025May 18, 2025Shahnawaz Akhter

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).

OICCI proposes structural customs reforms to combat smuggling

May 16, 2025May 16, 2025Shahnawaz Akhter

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.

OICCI calls for major salary tax relief in budget 2025-26

May 14, 2025May 14, 2025Shahnawaz Akhter

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.

OICCI suggests strategic tax incentives for budget 2025-26

May 13, 2025June 2, 2026Shahnawaz Akhter

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 […]

Foreign investors push Pakistan to scrap Rs5,000 banknote

May 13, 2025May 13, 2025Shahnawaz Akhter

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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