Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori In a recent disclosure, the Chairman Federal Board of Revenue (FBR) admitted that tax gap of Pakistan is Rs. 3000 billion. According to a Press report [Tax gap stand at Rs.3000bn: FBR…
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%…