Trade bodies, business leaders across the country laud government for presenting 'balanced budget'

ISLAMABAD, (APP - UrduPoint / Pakistan Point News - 13th Jun, 2026) The trade bodies and business leaders nationwide have hailed the Federal Budget 2026-27 as a business-friendly, growth-driven and balanced fiscal roadmap, praising the government for introducing measures aimed at boosting economic activity, encouraging investment and supporting sustainable development.

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and other business organizations congratulated Prime Minister Shehbaz Sharif, Deputy Prime Minister Ishaq Dar, Finance Minister Senator Muhammad Aurangzeb and the economic team for presenting an excellent and public-oriented budget. The FPCCI said the federal budget 2026-27 is a positive step for the stability of the country’s economy, promotion of investment and increase in business activities. The business community will continue to cooperate with the government and play a role in promoting economic growth and investment.

The FPCCI said that the budget is a positive step for the stability of the country’s economy, promotion of investment and increase in business activities. The business community will continue to cooperate with the government and play a role in promoting economic growth and investment. The FPCCI called the federal budget 2026-27 a positive step for the stability of the country’s economy, promotion of investment and increase in business activities.

The Pakistan Business Council, while congratulating the Finance team said that it was cleared that the government was taking key stakeholders on board in framing important economic policies-

This is very refreshing and augers well for the future, it said, adding that this will greatly improve the business environment and improve the lives of many salaried individuals.

"We believe that this budget has sent out a very strong signal- that inclusive, sustained growth is now the Government's priority", it added.

The Pakistan Business Council expressed the commitment to continue work closely with the government for the betterment of our country and the citizens in the country.

Meanwhile, President Rawalpindi Chamber of Commerce and Industry (RCCI) Usman Shaukat appreciating the federal budget said that the reduction in taxes for the salaried class and the decrease in super tax are welcome steps.

He also appreciated the tax relief provided to the IT sector, noting its vital role in promoting exports and employment.

He welcomed the allocation of Rs. 88 billion under the Export Finance Scheme, describing it as a positive initiative.

<?php /*?> <?php */?>

RCCI Group Leader Sohail Altaf welcomed the Fixed Tax Scheme but pointed out that the mechanism for its implementation has not yet been clarified.

He urged that sustainable industrial growth is directly linked to increased exports and urged the government to prioritize export-led economic policies.

Sohail Altaf further termed the abolition of super tax and the reduction in withholding tax as positive developments.

The Pakistan Banks Association (PBA) also welcomed the Federal Budget as the first in years to move beyond crisis management and make deliberate choices for growth, without abandoning the discipline that earned

Pakistan its recovery.

Commenting on the budget, Zafar Masud, Chairman PBA said: “this is a budget the industry can welcome and build on. The conditions for priority-sector lending are the

best in over a decade. We intend to use them".

Our commitment is concrete: to drive SME financing from Rs 882 billion towards Rs 1.5 trillion by 2028, to revive mortgage and housing and agriculture financing and promoting social impact projects,

particularly in education & skill development and food security on the back of the Budget’s property measures, he remarked.

Measures in the Budget to revive property and housing, digital payments, exports and technology are expected to support a recovery in private credit, he observed.

The Overseas Investors Chamber of Commerce and Industry (OICCI) also welcomes the Federal Budget 2025–26 and termed the budget crafted under significant fiscal pressure, IMF commitments, external imbalances and the residual weight of years of consolidation.

This is a budget that shows restraint, some structural ambition, and meaningful forward movement in select areas.

The OICCI welcomes the partial rationalisation of the super tax, abolition for income slabs between Rs150 million and Rs500 million, and a reduction from 10 percent to 8 percent for income above Rs500 million.

It said that measures introduced in budget will eases pressure on mid-sized formal enterprises and is consistent with the chamber's long-standing advocacy.

Similarly, the rationalisation of advance tax rates in the real estate sector — sections 236C and 236K reduced and converted to flat rates of 2.75% and 1.5% respectively — is a constructive step to revive the economic activity.

P:imn/X:ftp

P:23:14/X:23:16

6/13/2026 11:16:04 PM