Atif Ikram Sheikh, President of , has urged for immediate reinstatement of Final Tax Regime (FTR) for exporters. The apex trade body highlighted that withdrawal of FTR introduced operational bottlenecks and increased compliance requirements.
Sheikh emphasized removal of FTR led to increase in tax-related uncertainty and audit harassment. This policy shift diminished ease of doing business for the export community, he added.
The leader stressed urgent need for policy reversal to protect economic recovery. He recommended reinstating FTR as full liability to reduce severe compliance burden on exporters.
‘s Saquib Fayyaz Magoon proposed that government negotiate exact rate of final tax with stakeholders for balanced revenue model.
Abdul Mohamin Khan, VP & Regional Chairman Sindh, , suggested providing option to individual exporters between FTR and Normal Tax Regime (NTR).
Brig Iftikhar Opel, SI (M), Retd Secretary General emphasized importance of rationalized tax frameworks for sustainable economic growth.