Sohail Sarfraz Published September 9, 2025 Updated 6 minutes ago ISLAMABAD: The “Tax Expenditure Report-2025” issued by the Federal Board of Revenue (FBR) on Monday revealed that the tax expenditure estimates for Pakistan, as a percentage of gross domestic product (GDP), are lower when compared to global averages. The report explained in detail the ‘Global Average Revenue Foregone’. Over a 15-year period, Pakistan’s tax expenditure remained at 2.1 percent of GDP, which is significantly lower than the global average of 4.0 percent. The total Tax Expenditure estimate for 2023-24 is Rs. 2,434.73 billion, which accounts for 2.32 percent…