Pakistan, May 7 -- The All Pakistan Textile Mills Association (APTMA) voiced concerns against the newly promulgated Ordinance No. IV of 2025, issued on May 2, terming it "a draconian measure" with "far-reaching and concerning amendments to the Income Tax Ordinance, 2001".
In a statement released on Tuesday, APTMA urged the government to immediately withdraw these amendments and engage with stakeholders "to ensure that any tax reforms are fair, transparent, and respectful of the rule of law".
The federal government on Saturday promulgated "Tax Laws (Amendment) Ordinance, 2025" for immediate/ sudden recovery from taxpayers' bank accounts or other movable/ immovable properties and sealing of business premises after the decision from higher c...