By Dr. Ikramul Haq[*]Levying of taxes on “agricultural income” is sole prerogative of the Provinces under the 1973 Constitution of Pakistan (hereinafter: “the Constitution”). In recent years, a number of enactments imposing agricultural income tax (sic) were promulgated in all…
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%…