Dr. Ikramul HaqAccording to data released by the Federal Board of Revenue (FBR) out of over 3.5 million traders in the country only 312,361 have been filing tax returns. The affluent traders who frequently perform Umrahs in one year alone are…
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%…