Saturday, September 6, 2025

Business community opposes heavy taxes and sales tax provisions, Atif

A business community delegation led by FPCCI President will meet with the Finance Minister

Islamabad : Representatives from Chambers of Commerce across Pakistan, led by Mr. Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), will hold a meeting with Finance Minister Senator Muhammad Aurangzeb. Minister for Commerce Jam Kamal, Minister for Petroleum Ali Pervaiz Malik, FBR Chairman Rashid Mahmood Langrial, and the Secretary of Commerce will also be present at the meeting. The agenda for the meeting is to deliberate on the recent taxation measures introduced in the Finance Bill 2025 and to present the Business Community’s stance. To this end, the President of FPCCI will lead a delegation to meet with key government stakeholders.

FPCCI President Atif Ikram Sheikh stated that the business community has reservations about Sections 37AA, 8B, and 40B of the Sales Tax Act, and Section 21S of the Income Tax Ordinance. Conducting business with unregistered entities has also been categorized as fraud, which is creating an atmosphere of harassment. He emphasized that the country’s economy is improving and the business community’s confidence has been restored. He added that the climate of fear among people should end and that they do not wish to create any difficulties in the current situation, therefore the government should accept the demands of the business community.

Field Correspondent Sohail Majeed
+ posts

Sohail Majeed is a Special Correspondent at The Diplomatic Insight. He has twelve plus years of experience in journalism & reporting. He covers International Affairs, Diplomacy, UN, Sports, Climate Change, Economy, Technology, and Health.

Hot this week

Uraan Pakistan’ drives green buses, mangrove revival, and resilient healthcare, FM

Climate-Smart, Health-Responsive Infrastructure Now a National Priority Islamabad: Federal Minister...

Urgent need for industrial policy to boost sector performance, Haroon

Belgian-British economist and Haroon Akhtar khan Highlight Urgent Industrial...

BCCI agrees to add Pakistan’s name on their jersey

India has confirmed its compliance with the International Cricket...

National Summit for Malaria Elimination in early 2026, Dr. Mukhtar

Pakistan reveals key findings from first G6PD pilot to...

Experts urge integrating the climate-nutrition link into Pakistan’s NDCs and policies

Agriculture both contributes to and is impacted by climate...

Media plays key role in highlighting CPEC and bilateral ties, Amb Shi

Islamabad : Chinese Embassy Charge d’Affaires Shi Yuanqiang has...

Digital agriculture forum urges innovation for resilient agrifood systems

Bangkok talks boost digital shift for farmers, sustainable agrifood,...

Shahid Afridi and Shakeel Ahmad Meer Launch Vision Pakistan

A National Icon and a Visionary Leader Unite for...

Pak-Türkiye commitment to strengthening parliamentary cooperation

Ambassador Misbah Khar Meets Turkish Ambassador to Pakistan Islamabad: —...

Pakistan targets $600 m in seafood exports for FY 2025/26, Junaid Ch

Beijing – Pakistani seafood exporters met with Federal Minister...

ACCA, PBC warn Pakistan risks lagging without stronger green business action

Karachi : Pakistan must act swiftly to embed sustainability...

Pak, Turkiye vow to enhance defense, security cooperation

Rawalpindi : General Ziya Cemal Kadioglu, Commander Turkish Air...

Faysal Bank & OPay Largest Banking-Fintech Partnership

Over PKR 100 billion digital retail payments processed in...

Related Articles

Popular Categories