Heading: FPCCI, LCCI URGE GOVT TO EXTEND DEADLINE BY ONE MONTH FOR FILING RETURNS - 2025-10-15
LAHORE: Senior Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Saqib Fayyaz Magoon and President of the Lahore Chamber of Commerce and Industry Faheem-ur-Rehman Saigol, have jointly urged the government to extend the deadline for filing tax returns by at least one month to provide relief to the business community and allow them to submit their returns without undue pressure. The two business leaders said that in the current economic situation, it is essential to facilitate traders to ensure continuity of business activities. During a meeting at the Lahore Chamber, President Faheem-ur-Rehman Saigol delivered a welcome address and elaborated on trade, economic matters and the vital role of the business community in national development. The meeting was also addressed by FPCCI Senior Vice President Saqib Fayyaz Magoon, LCCI Senior Vice President Tanveer Ahmed Sheikh, LCCI Vice President Khurram Lodhi, Chairman Pakistan Artificial Leather Importers and Merchants Association Tariq Latif, FPCCI Vice Chairman Aman Pracha, President of the Hyderabad Chamber Adeel Siddiq and former Senior Vice President of LCCI Engineer Khalid Usman. Executive Committee Members Umer Sarfraz, Aamna Randhawa, Shaban Akhtar, former Executive Committee Member Mian Muhammad Nawaz and other members were also present. In his address, Saqib Fayyaz Magoon praised Faheem-ur-Rehman Saigol, calling him a “popular and sincere leader” and a true representative of the business community who has always raised his voice for traders’ welfare. He said that the rising cost of doing business and increasing energy tariffs are the biggest obstacles to export growth. “Unless energy prices are rationalized, Pakistan cannot achieve sustainable export growth,” he added. He said that the government must review Free Trade Agreements (FTAs) to ensure they serve Pakistan’s industrial and trade interests, enabling local products to compete effectively in international markets. He said that without improving the ease of doing business, stabilizing the economy is not possible. Investor confidence, policy continuity and business-friendly reforms are crucial for long-term…
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