Karachi: The President of the North Karachi Association of Trade and Industry, Faisal Moiz Khan, has criticized the newly implemented Tax Laws (Amendment) Ordinance 2025, labeling it as a potential threat to the economy and the integrity of the judiciary. Khan contends that the ordinance was enacted without proper consultation or parliamentary debate, raising concerns about its implications for the rule of law.

Faisal Moiz Khan voiced his concerns, arguing that the ordinance undermines court decisions and violates taxpayers' rights to a fair hearing. He emphasized that the ordinance encourages a coercive tax system, lacking necessary checks and balances.

The ordinance grants the Federal Board of Revenue (FBR) the authority to freeze bank accounts, seize properties, and seal factories of businesses without prior notice, even after a superior court ruling. Khan described this as an affront to the constitution, judiciary, and business freedom.

Additionally, Khan noted the absence of dialogue with the Karachi Chamber of Commerce and Industry (KCCI) and other stakeholders prior to the ordinance's enactment. He argued that bypassing parliamentary debate has eroded trust within the business community and compromised the rule of law.

Of particular concern are Sections 138(3A) and 140(6A) of the Income Tax Ordinance, which Khan believes effectively nullify court relief by making disputed tax liabilities immediately recoverable. This, he argued, infringes on taxpayers' rights to due process.

Khan called for the immediate withdrawal of the ordinance and urged the government to engage in discussions with elected representatives and industry stakeholders to address the issues raised.