Dr. Ikramul Haq“…for Pakistan, the fiscal deficit is projected to increase by 9.2 percent of GDP in 2020”—Economic Survey 1999-20quotingFiscal Monitor—April 2020, IMFThe federal budget for fiscal year (FY) 2020-21, the second one of coalition Government of Pakistan Tehreek-i-Insaf (PTI),…
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%…