Karachi, May 18, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has categorically rejected the recently issued Tax Laws (Amendment) Ordinance, 2025, calling it a major setback for the economy and a threat to investor confidence. At a press conference held at Federation House, FPCCI’s Senior Vice President, Saqib Fayyaz Magoon, raised strong objections to the Amendment, warning that it would fuel corruption and harassment rather than streamline the taxation process. “The government claims to be promoting a faceless customs regime, but at the same time, it is deploying Inland Revenue officers directly into factories and industrial units. This contradiction undermines the credibility of reform,” Magoon said. He questioned the integrity of such officers, sarcastically asking whether they had been issued “certificates of honesty.” He warned that placing FBR personnel on manufacturing sites would not only hinder operations but also create a breeding ground for corruption and abuse of authority. Magoon further criticized the Amendment for granting sweeping powers to the Federal Board of Revenue (FBR), including the right to recover taxes directly from business bank accounts under Section 140—without prior notice. He compared the removal of appeal rights for taxpayers to bypassing due legal process, calling it “a direct assault on justice.” Another major concern…