Pakistan’s chronic fiscal deficit, hovering around 7% of GDP in 2023-24, underscores an urgent need to broaden the tax base.…
Read MoreTax Expenditure Reports: Understanding Revenue Foregone
Tax expenditure reports, often overlooked in public discourse, shed light on a critical fiscal reality: the substantial revenue governments forgo…
Read MoreFinance Acts: Annual Legislative Changes in Taxation
Pakistan’s annual Finance Acts serve as the backbone of fiscal policy, introducing legislative changes that reshape taxation, influence economic behavior,…
Read MoreBanking sector expands 15.8% in 2024
In 2024, Pakistan’s banking sector demonstrated remarkable resilience and growth, expanding by 15.8% in assets—a testament to improving macroeconomic stability…
Read MoreGovernment Faces Rs1.56 Trillion Revenue Hit Without Imposing New Taxes
In a bold move to balance public welfare with fiscal prudence, the Pakistani government has opted against introducing new taxes…
Read MoreTax Litigation Overhaul – Can Limiting Appeals Unlock Rs. 4 Trillion in Stuck Revenue?
The Supreme Court of Pakistan’s Special Committee’s recommendation to restrict revenue authorities from appealing certain cases aims to accelerate case…
Read MoreUnlocking Pakistan’s Revenue Potential
Pakistan’s Taxation ProblemPakistan has a narrow tax base, with only 3.5 million active taxpayers in a population of 240 million.…
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