Pakistan Revenue
KARACHI: Shazad Dada has been elected as president of Overseas Investors Chamber of Commerce and Industry (OICCI) for the term 2020. This was announced at the 160th Annual General Meeting of the OICCI held at the Chamber on Friday, January 31, 2020. Haroon Rashid, Managing Director Shell Pakistan Limited, was elected unopposed as the Vice […]
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KARACHI: Overseas Investor Chambers of Commerce and Industry (OICCI) has praised the British government for softening travel advisory for Pakistan. In a statement issued on Saturday, the chamber said that the advisory would allows tourists, business travelers and British nationals based in Pakistan to travel to various parts of the country. While commenting on updated […]
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KARACHI: Dr. Abdul Hafeez Shaikh, Adviser to Prime Minister on Finance and Revenue, on Saturday said that taxation system will not be improved without documentation of economy. He was addressing at a meeting with office bearers of Overseas Investors’ Chamber of Commerce and Industry (OICCI). He said that achieving economic growth was not possible without […]
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KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) member companies spent Rs 5.5 billion during 2018-2019 and directly benefited 5.8 million people across Pakistan as part of its Corporate Social Responsibility (CSR) activities. As per 2018-19 Corporate Social Responsibility (CSR) Report, which highlights the key social and community related activities of foreign investors […]
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KARACHI: The reforms to address the macroeconomic challenges faced by the economy are now beginning to bear fruit and improvement in the external sector has become visible, said Dr. Reza Baqir, Governor, State Bank of Pakistan (SBP). “Restoring stability will promote investment in the country and thus economic growth,” the SBP governor said during an […]
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KARACHI: The foreign investors have expressed satisfaction over improved security environment in Pakistan, according to a report released by Overseas Investors Chamber of Commerce and Industry (OICCI) on Tuesday. OICCI’s 2019 annual security survey, conducted in June 2019, shows that the foreign investors, OICCI members’, perception of the country’s security environment has further improved significantly […]
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KARACHI: Federal Board of Revenue (FBR) has been urged to reduce withholding tax rate to 0.2 percent for distributors of Fast Moving Consumer Goods (FMCG) companies as higher rate is increasing the cost of doing business. The Overseas Investors Chamber of Commerce and Industry (OICCI) in its tax proposals for budget 2019/2020, said that the […]
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KARACHI: Federal Board of Revenue (FBR) has been suggested to abolish regulatory duty and reduce customs duty on import of raw materials by pharmaceutical industry. Overseas Investors Chamber of Commerce and Industry (OICCI) in its tax proposals for budget 2019/2020 said that through the Finance Act 2008, custom duty on pharmaceutical raw materials was reduced […]
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KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) has recommended to the government to impose a ban on the import of cigarettes lacking health warnings, as part of a strategy to deter the rampant smuggling of tobacco products.
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KARACHI: Federal Board of Revenue (FBR) has been recommended to reduce corporate tax rate for exploration and production companies in order attract foreign investment in this sector and generate more revenue for the country. The Overseas Investors Chamber of Commerce and Industry (OICCI) in its tax proposals for budget 2019/2020 said that the applicable tax […]
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