OICCI in the Press

OICCI for increasing FDI, improving foreign investors’ perception

Overseas Investors Chamber of Commerce and Industry (OICCI) has asked the budget makers to draft tax policy for 2017-18 in a way to increase Foreign Direct Investment (FDI) and improve perception of foreign investors’ regarding the business environment of Pakistan. (Business Recorder)

Amendment in Protection of Economic Reforms Act 1992 suggested

Overseas Investors Chamber of Commerce and Industry (OICCI) has recommended that Finance Bill (2017-18) should amend the Protection of Economic Reforms Act 1992 to curb the practice of remitting undeclared income through unofficial channels outside Pakistan. (Business Recorder)

OICCI proposals: Collection targets must be realistic research-based growth projections

Overseas Investors Chamber of Commerce and Industry (OICCI) has proposed that revenue collection targets to be set by the Federal Board of Revenue (FBR) for Large Taxpayer Units (LTUs) for 2017-18 should be realistic/research based growth projections to avoid undue pressure and hardship to foreign investors. (Business Recorder)

OICCI suggests withdrawal of exemption on agri income

Overseas Investors Chamber of Commerce and Industry (OICCI) has recommended that the exemption given to agriculture income should be withdrawn and agriculturists should file income tax returns and wealth statements under Finance Act 2017. The budget proposals of the OICCI for 2017-18 focused on withdrawal of exemption on agriculture income and others. (Business Recorder)

 

© 2012 Overseas Investors Chambers of Commerce and Industry
The Overseas Investors Chamber of Commerce & Industry (OICCI) serves as the national point of reference for foreign investors in Pakistan. Established in 1860 as the Karachi Chamber of Commerce, it is the oldest of the existing chambers.