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April 29, 2025

The Overseas Investors Chamber of Commerce and Industry (OICCI) unveiled its recommendations for the Federal Budget 2025–26 during a press briefing held at its office on April 29, 2025. The session commenced with an address by OICCI President Yousaf Hussain, who highlighted Pakistan’s encouraging economic outlook and underscored the critical role of the private sector, particularly multinational corporations represented by the Chamber, in advancing sustainable economic growth.

This was followed by a detailed presentation by OICCI Secretary General M Abdul Aleem, who outlined the Chamber’s key tax proposals. The recommendations set forth a comprehensive roadmap for tax reform, aimed at broadening the tax base, enhancing compliance, encouraging investment, and strengthening the Federal Board of Revenue’s (FBR) revenue-generating capacity. OICCI stressed that ensuring a fair and proportionate contribution from all sectors, aligned with their share of GDP, could potentially raise Pakistan’s tax-to-GDP ratio to approximately 14 percent, compared to the current level of under 10 percent.