LCCI Foresees Hard Times, Pushes for Fair Tax Reforms

ISLAMABAD — Pakistan’s economy is heading into a difficult year, with fiscal year 2025-26 expected to present serious challenges, warned Ali Imran Asif, Senior Executive Committee Member of the Lahore Chamber of Commerce and Industry (LCCI). Asif cautioned that although the Federal Board of Revenue (FBR) has improved tax collections, the gains are largely coming from higher taxes on existing taxpayers rather than through expansion of the tax base. With government spending continuing to rise, meeting the fiscal deficit target of 3.9% set for the year could prove difficult. He highlighted that Pakistan remains under close scrutiny from the International Monetary Fund (IMF), which is monitoring adherence to fiscal discipline. Despite being a populous nation with significant resources, he noted, the country is not advancing at the pace needed for sustainable growth.

Finding the Best Flight Deals to India doesn’t have to be stressful. At Vayubooking, we bring you unbeatable offers on flights from the USA to top d...

Traveling between the United States and India is more than just a journey—it’s often a bridge that connects families, cultures, and opportunities....

# Software Vault | Premium Digital Software & Solutions ???? Discover premium digital software with **Software Vault**, serving customers across th...

iOGOOS is a trusted company specializing in BigCommerce development solutions for businesses looking to build, customize, or scale their online stor...

What makes a loan management system truly effective for consumer lending operations? It is not just the ability to store loan data. A strong system sh...

What should businesses expect from a generative AI development company today? It is no longer enough to connect a model to a simple interface and call...

Wavetel supplies advanced VoIP Phone Systems for businesses across the UK. Our cloud-based phone systems are designed to improve business communicatio...