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Pakistan's FY25-26 Budget: A High-Stakes Choice Between Taxing Formal Industries and Broader Reforms
Pakistan is navigating complex fiscal pressures ahead of its FY 2025-26 budget, needing to bolster defense due to regional instability and address a severe Non-Communicable Disease (NCD) epidemic, while adhering to IMF fiscal targets. To raise revenue, increasing Federal Excise Duty (FED) on formal sectors— particularly tobacco, dairy, and beverages sectors—is a prominent, and often repeated, proposal. Supporters believe this will quickly fill s…
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Pakistan's FY25-26 Budget: A High-Stakes Choice Between Taxing Formal Industries and Broader Reforms
Pakistan is navigating complex fiscal pressures ahead of its FY 2025-26 budget, needing to bolster defense due to regional instability and address a severe Non-Communicable Disease (NCD) epidemic, while adhering to IMF fiscal targets. To raise revenue, increasing Federal Excise Duty (FED) on formal sectors— particularly tobacco, dairy, and beverages sectors—is a prominent, and often repeated, proposal. Supporters believe this will quickly fill s…
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