ICMA’s budget launch promotes economic literacy: Khurram Schehzad

August 4, 2025 (MLN): The importance of economic awareness among youth was highlighted and appreciated by Advisor to the Finance Minister, Mr. Khurram Schehzad, who congratulated ICMA Pakistan on launching a well-researched and informative compendium, emphasizing that such publications serve as key tools for enhancing public understanding of economic policies.

Mr. Schehzad was the chief guest at the launch ceremony of ICMA Pakistan’s latest publication, “Budget 2025–26 Compendium: Insights, Analysis and Impact”, held at ICMA Pakistan Building, Karachi.

The event brought together professionals, economists, and students for a comprehensive overview of the federal budget.

He appreciated ICMA’s efforts in disseminating specialized financial knowledge and emphasized the need for building a knowledge economy where the youth can compete purely on merit.

He urged ICMA to provide critical policy feedback to assist policymakers with practical insights for improving economic conditions.

Mr. Schehzad proposed that ICMA establish an incubation center to promote innovation in accounting practices and link students with investors.

He assured the institute of his full support at both governmental and individual levels for this initiative.

Speaking on Budget 2025–26, he said the government has focused on relief and recovery, with targeted support to the salaried class to ensure horizontal equity.

Key budget initiatives include affordable housing, financing for women-led startups, SME facilitation, and tariff reforms aimed at gradually reducing duties over five years to boost exports and enhance competitiveness.

He added that Pakistan's international credit ratings have improved, and overall economic risk has decreased.

The event concluded with a question and answer session followed by a token of appreciation presented by Mr. Shahid Anwar, Director Research at ICMA, to the Advisor.

Copyright Mettis Link News