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Summary. As US-Israel war against Iran raged on and disruptions to maritime traffic in the Strait of Hormuz – a vital waterway for traded oil –placed Pakistan's economy under direct threat, the government introduced a wide-ranging set of austerity measures aimed at conserving fuel and cutting government spending. In the instant write-up, the author has highlighted the impact these measures are likely to have on the country's tax collection regime.
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The writer studied Taxation Policy & Management at Keio University, Japan, and is serving as Additional Commissioner (Inland Revenue), Corporate Tax Office, Lahore.
