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KARACHI, June 13, 2026: The Pakistan Business Council (PBC) has welcomed several growth-oriented measures in the Federal Budget 2026-27, calling them a positive step toward economic stability and sustainable growth. However, it urged the government to maintain policy continuity and accelerate structural reforms.
Commenting on the budget, PBC Chairperson Dr. Zeelaf Munir said the government has started shifting its focus toward sustainable economic growth. She described this as an encouraging sign for businesses and investors.
Moreover, she said the relief measures reflect an inclusive approach despite fiscal constraints and operational challenges. According to her, the government has taken meaningful first steps to support productive economic activity across different sectors. However, she stressed that policy consistency remains essential for long-term success.
Meanwhile, PBC CEO Javed Kureishi said the budget sends a strong message that the government is listening to the formal business sector. He welcomed the reduction in the Super Tax, tax relief for salaried individuals, and measures that lower the tax burden on export proceeds, improving exporters’ liquidity.
Furthermore, he noted that the PBC had consistently advocated these reforms in its discussions with policymakers. He also appreciated the Prime Minister and the finance team for engaging with stakeholders throughout the budget process.
However, Kureishi emphasized that implementation will now be critical. He said the government must continue working closely with the private sector to achieve Pakistan’s economic goals.
In addition, the PBC urged the government to expand the tax base by bringing untaxed and under-taxed sectors into the formal economy. It said this would reduce the burden on compliant taxpayers.
The Council also called for faster energy sector reforms to lower industrial energy costs, accelerate the privatization of loss-making state-owned enterprises, and adopt a three-year reform framework. According to the PBC, such measures would provide businesses with the certainty needed to plan, invest, and expand.
Finally, the Council reaffirmed its commitment to working with policymakers. It said continued dialogue between the government and the private sector will strengthen investor confidence and support Pakistan’s long-term economic transformation through sustained reforms, policy continuity, and stronger public-private collaboration.
