Huzaima Bukhari & Dr. Ikramul HaqThe State Bank of Pakistan (SBP) in its ‘Annual Report 2018-19—The State of Pakistan’s Economy’ has strongly criticised the provinces for what it called “lack of institutional capacity” giving rise to “lower revenue collection that…
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%…