The Overseas Investors Chamber of Commerce and Industry (OICCI) has called for tax reforms and a reduction in the super tax to improve predictability and support long-term investment planning, during an interactive session with the newly appointed Director General of the Tax Policy Office at the Finance Division.
According to an official statement, the engagement focused on policy-level and structural tax issues rather than individual cases. OICCI, which represents more than 200 multinational companies operating in Pakistan, acknowledged recent macroeconomic stabilisation while emphasising the importance of consistent and transparent tax policies.
During the discussion, the chamber proposed reducing the super tax rate from 10% to 6% in the 2026–27 federal budget, with a plan to phase it out over three years. It also suggested lowering the corporate tax rate by one percentage point annually over the next four years to enhance competitiveness and provide greater clarity for investors.
Participants highlighted the need for timely settlement of tax refunds, simplified procedures and improved coordination between tax policy and its implementation. They noted that greater alignment between policy objectives and execution would help strengthen investor confidence.
In a separate meeting, the Pakistan Business Council also held discussions with the Tax Policy Office as part of the government’s outreach on tax reforms. The dialogue focused on separating tax policy from revenue administration and developing a stable, growth-oriented tax framework.
Both engagements concluded with an understanding to maintain regular consultations so that business input continues to inform tax policy, with the shared objective of supporting investment, exports and sustainable economic growth.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
