FPCCI urges govt to review income tax amendment ordinance

MG News | May 21, 2025 at 11:17 AM GMT+05:00

0:00

May 21, 2025 (MLN): The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has demanded that the government review the income tax amendment ordinance.

FPCCI President Atif Ikram Sheikh stated that all chambers and associations across the country have rejected the ordinance, as per the press release issued.

It is not right to freeze accounts and give unlimited powers to withdraw money to tax officers, said the FPCCI President.

This move will increase corruption instead of increasing tax recoveries, he added.

The business community has strong reservations about the amendment ordinance, the government should review it, he added.

Atif Ikram Sheikh said, the government should provide facilities to the business community instead of taking measures that are hostile to the economy and business.

FPCCI, being a representative organization, demands the withdrawal of the ordinance, he said.

The government should ensure consultation with the relevant stakeholders before enacting legislation. President FPCCI said.

FPCCI is ready to cooperate with the government to increase tax collection.

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