Trade bodies, leaders laud 'balanced budget'

ISLAMABAD: Trade bodies and business leaders have broadly welcomed the federal budget for 2026-27, describing it as supportive of business activity, investment and economic growth.

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and other business organisations congratulated Prime Minister Shehbaz Sharif, Deputy Prime Minister Ishaq Dar, Finance Minister Muhammad Aurangzeb and the government’s economic team on presenting what they called a public-oriented budget. FPCCI said the budget was a positive move for economic stability, investment promotion and an increase in business activity, adding that the business community would continue cooperating with the government to support growth and investment.

The Pakistan Business Council also praised the finance team and said the budget process appeared to reflect consultation with major stakeholders in shaping key economic policies. In its response, the council said the approach would help improve the business climate as well as conditions for many salaried people.

The council further said the budget had conveyed a clear message that the government’s priority was now inclusive and sustained growth. It also expressed its intention to continue working with the government for the benefit of the country and its citizens.

Separately, Rawalpindi Chamber of Commerce and Industry President Usman Shaukat welcomed specific fiscal measures announced in the budget. He said the cut in taxes for salaried individuals and the reduction in super tax were positive steps.

Shaukat also welcomed tax relief for the information technology sector, saying it played an important role in boosting exports and generating employment. He additionally praised the allocation of Rs88 billion under the Export Finance Scheme, describing it as a constructive measure for the economy.