KARACHI, July 6, 2026: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb met with members of the Pakistan Business Council (PBC) during his visit to Karachi to discuss the country’s economic outlook, ongoing reform agenda, and the government’s economic priorities.
During the meeting, the finance minister praised the Pakistan Business Council for serving as a unified platform representing Pakistan’s leading businesses. He acknowledged the council’s continued contribution to promoting constructive dialogue between the government and the private sector on important economic and policy matters.
Commitment to Structural Reforms
Senator Aurangzeb noted that the global economy had shown greater resilience than expected, adding that countries committed to structural reforms had been more successful in maintaining economic stability and sustaining growth.
He stressed that Pakistan must continue implementing its reform agenda to strengthen macroeconomic stability, enhance competitiveness, and achieve sustainable long-term economic growth.
Early Budget Consultations
The finance minister said the meeting marked the beginning of consultations for the next federal budget, rather than a review of the current one. He explained that the government had initiated the budget preparation process much earlier this year, allowing for a more structured, inclusive, and consultative approach to fiscal planning.
Support for Exports
Highlighting the Federal Budget 2026–27, Senator Aurangzeb said it introduced important taxation and financing measures designed to support exporters, improve their access to financial resources, and reinforce the government’s commitment to an export-led and sustainable growth strategy.
Policy Stability and Tax Reforms
The finance minister emphasized the importance of policy predictability, reaffirming the government’s commitment to implementing a Medium-Term Tax Strategy.
He said a stable and consistent tax policy framework is essential for strengthening business confidence, encouraging domestic and foreign investment, and enabling long-term business planning.
Business Community’s Perspective
Representatives of the Pakistan Business Council outlined the organization’s role as a broad-based national business advocacy platform. They emphasized the importance of continued engagement between the government and exporters from various sectors to further strengthen Pakistan’s export-oriented economy.
Government Reaffirms Reform Agenda
Concluding the meeting, Senator Muhammad Aurangzeb reiterated the government’s commitment to advancing structural reforms, ensuring policy consistency, creating an investment-friendly environment, and promoting sustainable economic growth across the country.
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