Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf ShakooriThe federal budget for fiscal year (FY) 2022-23 assigned an ambitious target of Rs. 7.470 trillion to the Federal Board of Revenue (FBR) which includes both direct and indirect taxes. The revenue…
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%…