Govt courts business confidence with reform roadmap

April 2, 2026 (MLN): The government reaffirmed its commitment to steering Pakistan’s economy through global uncertainties while advancing structural reforms aimed at long-term stability and growth.

Federal Minister for Finance and Revenue, Muhammad Aurangzeb, held a meeting at the Finance Division with a delegation from the Pakistan Business Council (PBC), led by its Vice Chairman, Ziad Bashir, according to a press release issued.

During the meeting, the finance minister briefed participants on the government’s ongoing efforts to manage evolving global economic challenges, including disruptions in energy markets, supply chains, and food security. 

He highlighted close coordination among key ministries and institutions, including daily reviews of petroleum supply, pricing, logistics, and broader economic implications.

Finance minister Aurangzeb noted that Pakistan is navigating a complex global environment marked by rising energy costs and supply constraints, alongside emerging concerns related to food security and fertilizer availability. 

He added that the government remains actively engaged with international partners to ensure economic stability and continuity.

The PBC delegation appreciated the government’s efforts to stabilize the economy under challenging circumstances and expressed support for national economic priorities. 

Members presented proposals focused on improving competitiveness, boosting exports, and strengthening the formal economy.

Discussions centered on strengthening economic fundamentals, creating an enabling environment for sustainable growth, and addressing structural challenges. 

The delegation also emphasized the need for a balanced and efficient taxation framework and broader reforms to improve the business climate.

The finance minister acknowledged these challenges and reiterated the government’s commitment to structural reforms, including tax rationalization, enhanced compliance through digitization and faceless processes, and reducing discretionary powers. 

He said these reforms are being pursued in consultation with stakeholders and supported by economists and advisory bodies.

Both sides also explored opportunities arising from the global situation, such as attracting investment, facilitating capital inflows, and positioning Pakistan as a competitive regional hub, while maintaining macroeconomic stability.

The meeting concluded with a shared commitment to continued engagement between the government and the business community to promote sustainable economic growth, enhance exports, and improve the overall business environment in Pakistan.

The delegation included prominent business leaders such as Ziad Bashir, Director at Gul Ahmed Textile; Azam Faruque, CEO of Cherat Cement Company Limited; Abdul Samad Dawood, Director at Engro Holdings Limited; Danish Ali Lakhani, CEO of Cyber Internet; Muhammad Arif Habib, Chairman of Fatima Fertilizer Company Limited; Rizwan Diwan, Director at Gatron Industries Limited; Saira Awan Malik, President of TCS Pvt. Limited; Samir Chinoy, CEO of International Industries Limited; Yousaf Hussain, President and CEO of Faysal Bank Limited; Javed Kureishi, CEO of PBC; and Saud Bangash, Resident Director of PBC.

M. Ali Tabba and Rizwan Diwan participated in the meeting via video link.

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