Huzaima Bukhari & Dr. Ikramul HaqThe Prime Minister, Imran Khan, once an admirer of fiscal devolution under Constitution (Eighteenth Amendment) Act, 2010 [18th Amendment] has now criticised it by saying that it “has made the federation bankrupt”. No doubt, the…
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%…