Karachi, November 19, 2025 – In a bold move signaling tighter scrutiny on Pakistan’s business elite, the Federal Board of Revenue (FBR) has transferred the high-profile tax assessment case of the Karachi Chamber of Commerce and Industry (KCCI) to the Large Taxpayers Office (LTO) Karachi. This shift marks a significant step in the FBR’s ongoing drive to streamline tax assessments and bolster revenue collection from major commercial entities. Previously, the KCCI tax matters were under the Corporate Tax Office (CTO), but the FBR’s decision to assign the case to LTO Karachi – the nation’s largest and most powerful tax assessment and collection body – underscores the importance of the case. LTO Karachi is known for handling companies with substantial turnovers and multi-million-rupees annual profits, making it the ideal authority for such high-stake evaluations. Insiders reveal that the LTO will now have the authority to meticulously assess KCCI’s income statements, including financial scrutiny of its prominent members, who are among the…