Chairman Economic Policy and Business Development, Dr. Gohar Ejaz, has called for a sharp reduction in Pakistan\u2019s corporate tax rates, warning that excessive taxation is stifling growth, discouraging investment, and undermining competitiveness.<\/p>\n
In a statement on X (formerly Twitter) titled \u201cCut Taxes, Not Growth!\u201d, Dr. Ejaz highlighted that Pakistan currently bears one of the highest corporate tax burdens in the region \u2014 comprising a 29 percent corporate tax rate, a 10 percent super tax, a 2 percent Workers Welfare Fund, and a 5 percent Workers Participation Fund.<\/p>\n
He further pointed out that dividends are taxed at 15 percent, leading to double taxation, while multiple levies such as advance withholding, sales tax, and excise duties further add to the burden on businesses.<\/p>\n
\u201cPakistan now ranks among the lowest in terms of state competitiveness globally. We have taken the wrong path to increasing tax revenue by pushing tax rates above 50 percent, which has effectively choked the entire economy,\u201d he cautioned.<\/p>\n
Dr. Ejaz urged the government to reduce the maximum tax rate to 20 percent, arguing that sustainable growth, industrialization, investment inflows, and long-term revenue generation could only be achieved through a lower and more business-friendly tax regime.<\/p>\n","protected":false},"excerpt":{"rendered":"
Chairman Economic Policy and Business Development, Dr. Gohar Ejaz, has called for a sharp reduction in Pakistan\u2019s corporate tax rates, warning that excessive taxation is stifling growth, discouraging investment, and … Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6],"tags":[379],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t