Huzaima Bukhari & Dr. Ikramul Haq The Federal Board of Revenue (FBR) on the last day of 2020, without any legal instrument, issued a clarification that the last date of ‘Prime Minister’s Construction Package’ was extended. The Presidential Ordinance [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%…