Govt reaffirms business support ahead of budget

April 19, 2026 (MLN): The government has reaffirmed its commitment to strengthening collaboration with the business community as part of its broader strategy to achieve sustainable economic growth and stability.

Speaking at a consultative session held at the Federation of Pakistan Chambers of Commerce and Industry in Karachi, Minister of State for Finance Bilal Azhar Kiyani emphasized the importance of continuous engagement with trade bodies, chambers, and industry stakeholders in the lead-up to the upcoming federal budget.

The minister highlighted that the private sector remains a cornerstone of Pakistan’s economy, playing a critical role in revenue generation, job creation, and industrial development.

He noted that the government is actively incorporating feedback from the business community into its budget planning process to ensure that policy measures are aligned with the needs of productive sectors.

Emphasizing recent economic progress, he pointed to improved macroeconomic stability achieved over the past two years, which has laid the groundwork for future tax reforms and targeted relief measures.

He added that prudent fiscal management has enabled the government to better navigate global economic uncertainties, including mitigating the impact of fluctuations in energy prices on businesses and consumers.

The minister also outlined key structural reforms aimed at enhancing the ease of doing business.

These include the implementation of a five-year National Tariff Policy designed to simplify customs duties by 2030, as well as ongoing modernization efforts within the Federal Board of Revenue through digital transformation initiatives led by Pakistan Revenue Automation Limited.

In addition, he shared updates on the expansion of the Roshan Digital Account, which is being extended to foreign nationals and companies to attract investment inflows.

He also reassured stakeholders that existing net-metering agreements will remain protected, providing certainty to investors in the renewable energy space.

Concluding his remarks, the minister reiterated that sustained public-private dialogue will remain central to the government’s economic agenda, with a focus on fostering inclusive growth, improving competitiveness, and ensuring long-term economic resilience.

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