KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has expressed concern over the government’s move to aggressively recover super tax following the recent decision of the Federal Constitutional Court (FCC) upholding its legality. The chamber cautioned that demanding large tax payments in a single tranche would disrupt business operations and further strain the country’s…

ISLAMABAD: Amid the alleged waste of public funds on managing imported wheat stocks since 2021-22, the Economic Coordination Committee (ECC) of the Cabinet on Wednesday decided to offload 800,000 tonnes of wheat — less than half of the total stock — and approved more than Rs66 billion in supplementary grants. The meeting of the ECC,…

ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday challenged the Power Division’s circular debt report, calling it technical adjustments, accounting reclassifications, and changing goal posts without a material improvement in power sector efficiency. The apex trade body also alleged the parking of financial liabilities outside balance sheets, particularly in the…