Atif Ikram Sheikh, President of , advocates for reinstating Final Tax Regime for exporters. The apex trade body’s budget proposals highlight that withdrawal of FTR has introduced critical operational bottlenecks in export sector.
Sheikh stressed removal of FTR led to significant increase in compliance requirements and tax-related uncertainty among exporters. This policy shift also resulted in excessive audit harassment, diminishing ease of doing business for the export community.
The leader emphasized urgent need for policy reversal to protect nation’s economic recovery. Withdrawal of Final Tax Regime for exporters has significantly increased compliance requirements, documentation, tax-related uncertainty and audit hassles.
Sheikh proposed that while reinstating FTR is strongly recommended, exact rate may be negotiated with stakeholders for a balanced revenue model. Saquib Fayyaz Magoon explained necessity for incentivization and flexibility in taxation frameworks for exporters.
Abdul Mohamin Khan emphasized ‘s stance on facilitating exporters through rationalized tax frameworks like FTR for sustainable economic growth and improving international competitiveness. Brig Iftikhar Opel, SI (M), Retd Secretary General echoed these sentiments.