Dr. Ikramul Haq & Abdul Rauf Shakoori The International Monetary Fund (IMF) has reached a staff-level agreement with Pakistan for the first review under the US$7 billion 37-month Extended Fund Facility (EFF) programme, and a new 28-month arrangement under…
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%…