KARACHI: Business leaders have expressed relief over the government’s decision to reverse several controversial budgetary measures for FY26, following extensive consultations between trade bodies and tax authorities.

Speaking at a press conference at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) head office on Friday, FPCCI President Atif Ikram Sheikh said the powers granted to the Federal Board of Revenue (FBR) under Section 37A of the Sales Tax Act have been strictly limited.

These powers will now apply only in serious cases of sales tax fraud........

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