Key features of the proposed tax policy elaborated
ISLAMABAD: Dr Faisal Hashmi, Founding Chairman of Beverages Advisory Foundation, shared key features of a proposed tax policy that can lead to rationalisation of tax burden, wider documentation and enforcement across the large and medium scale manufacturing sector while ensuring that the cumulative burden on compliant industry players does not constrain their ability to compete and grow. In an…
Dr Faisal Hashmi, Founding Chairman of Beverages Advisory Foundation, has outlined key features of a proposed tax policy aimed at rationalising the tax burden, improving documentation and enforcement, and encouraging growth in Pakistan's manufacturing sector. The policy seeks to address the balance between strengthening domestic revenue mobilisation and supporting investment, production, and industrial growth without disproportionately burdening compliant businesses.
Hashmi highlighted that while Pakistan's manufacturing sector grew by 5.77% during July-May 2025-26, the country's tax revenue ratio remains below the 25th percentile of comparable economies, indicating a need for broader documentation and a more inclusive tax base to support sustainable economic growth.
Brief written by urgent.news from Business Recorder's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
