Huzaima Bukhari & Dr. Ikramul HaqMillions of Pakistanis by virtue of over 65 types of withholding taxes imposed under the Income Tax Ordinance, 2001, both adjustable and non-adjustable, are paying advance income tax but only a fraction of them (about…
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%…