Huzaima Bukhari, Dr. Ikramul Haq & Syed Muhammad Ijaz Banks have regular windfall income from dealing in foreign currencies—oxymoronic treatment by SRO. 1588(I)/2023 dated 21.11.2023 In Pakistan, Federal Board of Revenue (FBR) is de facto legislature…
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%…