Karachi, May 13, 2024 – Startling revelations by foreign investors operating in Pakistan have shed light on an alarming fiscal trend: the salaried class is shouldering a disproportionate tax burden, eclipsing the combined contributions of exporters and retailers.
(more…)Tag: Overseas Investors Chamber of Commerce and Industry
- 
		
		 OICCI Demands Development of Sales Tax Laws for DistributorsKarachi, May 13, 2024 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has urged the development of policy guidelines for sales tax laws on distributors, emphasizing the need for collaboration and coordination among federal and provincial tax regulators. (more…)
- 
		
		 Foreign Investors Demand Elimination of Super TaxKarachi, May 12, 2024 – Foreign investors operating in Pakistan have issued a fervent plea to authorities to eliminate the super tax as part of the budget for the fiscal year 2024-25. (more…)
- 
		
		 FBR Asked to Link WHT Collection with Property TaxThe Overseas Investors Chamber of Commerce and Industry (OICCI) has called upon the Federal Board of Revenue (FBR) to adopt a groundbreaking approach by linking the collection of withholding tax (WHT) with property tax revenues gathered by provincial authorities. (more…)
- 
		
		 OICCI Presents Novel Idea to Tax Register Retail SectorKarachi, May 12, 2024 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has put forth an innovative approach to tackle the challenge of tax registration within the highly undocumented retail sector. (more…)
- 
		
		 Foreign Investors Propose Demonetization of Rs 5,000 BanknoteIslamabad, May 11, 2024: In a bold move aimed at curbing cash transactions and enhancing tax compliance, foreign investors operating in Pakistan have proposed the government to demonetize the Rs 5,000 banknote. (more…)
- 
		
		 Pakistan Faces Rs 800 Billion Loss from IPR ViolationsKarachi, April 29, 2024 – Pakistan economy suffered a substantial loss of approximately Rs 800 billion last year due to violations of intellectual property rights (IPR), according to a recent survey conducted by the Overseas Investors Chamber of Commerce and Industry (OICCI). (more…)
- 
		
		 Foreign Investors Submit Proposals for Pakistan Budget 2024-25Foreign investors actively engaged in Pakistan have recently presented their proposals for the upcoming 2024-25 budget to the government, aiming to address critical fiscal deficits and enhance the investment climate in the country. (more…)
- 
		
		 Austrian Ambassador Explores Investment Prospects in PakistanKarachi, January 29, 2024 – Ambassador of Austria to Pakistan and Afghanistan, Andrea Wicke, delved into investment prospects in Pakistan during a meeting held on Monday. (more…)
- 
		
		 Foreign Investors Confidence in Pakistan Remains Negative but Shows ImprovementKarachi, November 28, 2023 – The business confidence index of foreign investors in Pakistan continues to register negativity, according to a survey released on Tuesday. (more…)