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KARACHI: June 8,2026: The Lasbela Chamber of Commerce and Industry (LCCI) has urged the federal government to introduce comprehensive reforms in taxation, energy, trade, and investment policies in Budget 2026-27. The chamber believes these measures can accelerate industrial growth, attract investment, and strengthen business confidence.
According to LCCI, Pakistan’s economic recovery depends on a competitive and predictable business environment. Therefore, the chamber has aligned its proposals with the government’s goal of promoting industrialization and creating jobs.
First, LCCI called for a multi-year macroeconomic stabilization framework. It recommended clear targets for inflation and fiscal deficit reduction. In addition, it urged the government to adopt a transparent foreign exchange policy to boost investor confidence and ensure policy consistency.
On taxation, the chamber proposed an end to ad hoc tax measures. It also recommended gradually reducing corporate tax rates to match regional economies. Furthermore, it called for rationalizing withholding taxes, simplifying the tax system, and introducing time-bound dispute resolution mechanisms for investors.
To attract foreign direct investment (FDI), LCCI suggested targeted incentives for export-oriented industries, high-value manufacturing, pharmaceuticals, agro-processing, and mineral value addition. Moreover, it proposed fast-track one-window approval services for major investment projects.
Meanwhile, the chamber expressed concern over high energy costs. Therefore, it recommended competitive long-term power purchase agreements, timely subsidies for vulnerable industries, and faster adoption of renewable energy solutions to lower electricity tariffs.
LCCI also emphasized the need to strengthen exports. It called for quicker duty drawback and tax refund payments. In addition, it urged the government to modernize ports and customs through digitalization and 24/7 operations. It also advocated preferential market access agreements with key trading partners.
To improve access to finance, the chamber proposed credit guarantee schemes and refinance facilities for exporters. Furthermore, it recommended expanding SME financing and green financing programs. It also urged the government to allocate dedicated funds for SME incubators, industrial clusters, and special industrial zones with simplified land allotment procedures.
In addition, LCCI highlighted the importance of workforce development and technological advancement. It proposed tax credits for employee training, industry-academia research grants, and incentives for automation and digital transformation.
The chamber also called for greater investment in broadband infrastructure. At the same time, it recommended tax incentives for sustainable and digital initiatives. Moreover, it urged reforms in public procurement to ensure timely payments to suppliers and SME contractors.
Finally, LCCI asked the government to publish impact assessments of major fiscal measures. It also recommended adopting outcome-based budgeting to improve the transparency and effectiveness of industrial support programs.
