Dr. Aasim Husain Highlights Root Causes of Pakistan’s Economic Struggles at Pakistan Banking Summit 2025
At the Pakistan Banking Summit 2025, international economist Dr. Aasim Husain dissected the underlying causes of Pakistan’s persistent economic woes, pointing to population pressures, policy lapses, and debt obligations, while stressing that IMF-supported efforts still offer a viable path toward long-term resilience.
Fiscal Rebalance: FBR Moves to Align Bank Taxation with Digital Economy Needs
The Federal Board of Revenue (FBR) in Pakistan is pushing to remove the special tax privileges extended to banks under the Seventh Schedule of the Income Tax Ordinance 2001. This proposed shift aims to bring banks under the normal corporate tax regime, potentially impacting their digital finance strategies and operational models as the nation seeks to broaden its tax base.