Tag: Overseas Investors Chamber of Commerce and 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 […]
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 […]
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 […]
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 […]
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) […]
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 […]
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 […]
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 […]
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 […]
Normal corporate tax rate for banking sector recommended
KARACHI: Foreign investors have recommended that corporate tax rates for the banking sector should be aligned with other sectors. At present the banking sector is paying 35 percent corporate tax […]