Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori With limited access to external funding, government debt has increasingly been taken up by the banking sector and, as a result, banks’ holdings of domestic government debt has surged to…
Finance Bill 2025 Failure in dismantling oppressive tax system
Dr. Ikramul Haq “…regressive taxation, one of the great ironies of Pakistan’s tax system, treating exporters more like easy tax targets than growth drivers. The FY2025 budget pushed exporters into the normal tax regime, imposing a 1.25%…
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