Exemption on import of telecom equipment demanded to encourage investment

KARACHI: Foreign and multinational companies have demanded the Federal Board of Revenue (FBR) to exempt sales tax and customs duty on import of telecom equipment in order to encourage investment in this... Read more »

OICCI welcomes Shabbar Zaidi’s appointment as FBR chairman

KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI), has appreciated the appointment of tax expert Shabbar Zaidi as Chairman of the Federal Board of Revenue (FBR), a statement said on... Read more »

100pc foreign shareholding allowed in legal entities incorporated in Pakistan: Razak Dawood

KARACHI: Abdul Razak Dawood, Advisor to the Prime Minister on Commerce, has said that 100 percent foreign shareholding remained allowed in legal entities incorporated in Pakistan. Read more »

Saudi Arabia, UAE plan huge investment in Pakistan: Razak Dawood

KARACHI: Saudi Arabia and UAE have planned huge investment in Pakistan in near future, Abdul Razak Dawood, Adivser to Prime Minister on Commerce and Textile said on Friday.     “Saudi Arabia... Read more »

Foreign investors’ Pakistan business confidence index decline by 26 percent

KARACHI: Overseas Investors Chamber of Commerce and Industry (OICCI) on Friday released results of its Business Confidence Index (BCI) Survey – Wave 17, which shows that the overall Business Confidence in Pakistan... Read more »

Foreign investors spend over Rs20 billion in CSR activities during 2018

KARACHI: The foreign investors who are members of the Overseas Investors Chamber of Commerce and Industry (OICCI) have invested in excess of Rs20 billion during the past twelve months in the socio-economic... Read more »