Business Leaders Criticize Tax Ordinance, Seek Meeting with Prime Minister

Karachi: The Businessmen Panel (BMP) has raised concerns over the Tax Laws (Amendment) Ordinance 2025, which was enacted without stakeholder consultation or parliamentary debate, according to Mian Anjum Nisar, the BMP Chairman and former President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI). Nisar warned that the ordinance could harm the business community and undermine the rule of law.

Speaking at a dinner hosted by former FPCCI President Mian Nasser Hyatt Maggo, Nisar announced plans for a BMP delegation to meet Prime Minister Mian Shahbaz Sharif to discuss these issues.

Nisar criticized the ordinance for granting excessive powers to tax authorities, likening it to “economic terrorism.” Meanwhile, Maggo emphasized the challenges facing the business sector, particularly for importers, and urged the government to address these issues.

Abdul Rahim Janoo, a prominent business leader, labeled the ordinance as anti-economy and detrimental to investment. He advocated for incentives for rice exporters, similar to those extended to other export sectors, amid international market challenges.

Rafique Suleman objected to specific sections of the Income Tax Ordinance, asserting they undermine judicial decisions and taxpayers’ constitutional rights. Suleman, along with other business leaders, praised the leadership of Chief of Army Staff General Asim Munir for effectively countering Indian aggression.

The business community remains committed to resolving these issues and anticipates a forthcoming meeting with the Prime Minister.