KARACHI: The Pak­istan Business Council (PBC) has expressed concern about the excessive powers granted to the Federal Board of Revenue (FBR), stating that this anti-business decision will further harm the already poor investment climate.

PBC Chief Executive Officer Ehsan Malik, in a letter to Finance Minister Muhammad Aurangzeb, said the powers do not differentiate between major taxpayers and the informal sector.

“We are alarmed at the draconian powers proposed to be granted to the FBR. If past practice is anything to go by, these will most........

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