Business | Pakistan

KARACHI: Business leaders have harshly criticised the Tax Ordinance Amendments 2025, warning that misguided policies from within the government pose a greater threat to the country’s economic stability than external adversaries. “We request Army Chief General Asim Munir to keep a vigilant eye on the country’s policymakers who are bent on causing irreparable losses to the country,” said Nasir Khan, vice president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), during a press conference on the amendments held at the Federation House on Saturday. He was accompanied by other FPCCI leaders. Nasir Khan recalled that the army chief had assured the business community of safeguarding investments in Pakistan. “The enemy is not only on the border — it is also formulating destructive policies that are forcing investors and citizens to flee the country,” he added. FPCCI Senior Vice President Saquib Fayyaz Magoon expressed concern over the sweeping powers granted to tax officials under the new ordi...