Author name: NEN News

ISLAMABAD — Rana Ihsan Afzal Khan, the Prime Minister’s Coordinator, praised the 2026-27 budget on Saturday for its role in enhancing fiscal stability. He emphasized its importance in providing essential support to the public during tough economic conditions. Balanced Economic Management Khan highlighted the budget’s balanced approach, which combines fiscal discipline with public relief measures. This strategy is designed to effectively address the economic challenges currently faced by the country. Focusing on Economic Stability and GDP Growth Speaking to local media, Khan explained the budget’s emphasis on economic stability and inclusive growth. He stated, “The budget outlines a path towards a promising future, ensuring both fiscal discipline and necessary public relief.” Commitment to Long-Term Economic Goals Khan discussed the government’s commitment to long-term economic stability via inclusive policies. He recognized the careful planning involved in crafting the budget, aimed at addressing ongoing economic issues through strategic initiatives.

ISLAMABAD — The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has praised the government’s economic measures in the federal budget for 2026-27, highlighting efforts in macroeconomic stabilization. FPCCI’s Views on Growth On Friday, FPCCI emphasized the critical need for a strong shift toward sustained economic and industrial growth. The organization identified specific policies aimed at economic stabilization and expressed confidence in their potential to drive long-term growth and prosperity. Importance of Industrial Development The FPCCI stressed that a strong focus on industrial development is crucial for strengthening the national economy. They see this as a key component for achieving broader economic objectives. Support from the Business Community The business community continually backs policies that foster economic stability. The FPCCI’s endorsement reflects approval of the government’s current fiscal strategy, indicating widespread support. Joint Government Efforts The FPCCI is committed to working with the government to ensure these economic measures are effectively implemented, enhancing their positive impact on the economy.

The Multan Chamber of Commerce and Industry (MCCI) supports the new federal budget, citing its business-friendly initiatives aimed at economic revival and industrial growth. Impact of Economic Reforms MCCI highlights the substantial benefits these budget measures are expected to offer in terms of public relief. The organization insists on maintaining momentum in essential economic reforms to ensure ongoing development. Collaborative Efforts for Reform MCCI is committed to the continuation of reforms and plans to collaborate closely with the government. Their aim is to create a business environment that attracts increased investment and fosters growth. Strategies for Economic Progress MCCI officials assert that comprehensive efforts are vital for sustainable economic progress. They are focused on crafting policies that encourage economic growth and support industrial development.

RAWALPINDI — The Rawalpindi Chamber of Commerce and Industry (RCCI) evaluated the Federal Budget 2026-27. They described it as a combination of commendable measures and significant gaps. Tax Relief and Export Initiatives RCCI President Usman Shaukat praised the tax cuts for the salaried class. He also welcomed tax relief for the IT sector to boost exports and employment. Shaukat commended the Rs. 88 billion allocation to the Export Finance Scheme but recommended increasing this amount to further enhance export levels. He noted the proposed removal of duties on life-saving medicines as a crucial public benefit. Strategies for Industrial Growth Sohail Altaf, RCCI Group Leader, acknowledged the budgetary initiatives but highlighted the absence of a comprehensive strategy for industrial growth and business facilitation. He supported the Fixed Tax Scheme. However, he expressed concerns about its potential implementation challenges. Altaf emphasized the necessity for export-led economic policies to achieve sustainable industrial growth. Support for Tax Schemes and Small Businesses Altaf supported eliminating the super tax and reducing the withholding tax. Yet, he criticized the budget for not adequately supporting small businesses. He stressed that expanding the tax base by adding new taxpayers is essential to increase revenue. Real Estate and Inflation Concerns Former RCCI President Raja Amer Iqbal approved of the incentives for the real estate sector, including property transaction relief. Nevertheless, RCCI leaders pointed out the budget’s failure to address inflation and the ambiguities in sales tax measures effectively.

LAHORE — The Lahore Chamber of Commerce and Industry (LCCI) has praised the Federal Budget for 2026-27. They describe it as balanced and promising, with optimism for enhanced economic stability. Positive measures and improved process documentation are expected to strengthen the nation’s economic frameworks. Strategies for Investment and Economic Growth The LCCI focuses on fostering economic growth driven by investments. They highlight industrial expansion and employment generation as crucial for advancing the country’s economic progress. These strategies anticipate creating a more dynamic economic environment. Support for Government Initiatives LCCI officials reiterated their support for government strategies aimed at sustainable economic growth. They emphasize the need for ongoing focus on key sectors vital for job creation and overall development. This backing shows their commitment to collaboratively enhancing the economy.

ISLAMABAD — The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has expressed approval of the Rs 18.7 trillion Federal Budget for 2026-27. The endorsement underscores the government’s commitment to macroeconomic stabilization, which is crucial for maintaining the country’s economic well-being. Emphasis on Financial Stability The FPCCI commends the budget’s focus on financial stability across Pakistan. The organization acknowledges the importance of these measures, applauding the government’s efforts to foster a stable financial environment. Promoting Sustainable Economic Growth The FPCCI encourages the government to prioritize sustainable economic and industrial growth. It stresses the need for robust policies aimed at long-term development to enhance the nation’s economic outlook. Balancing Stability and Growth The FPCCI emphasizes the vital balance that the budget strives to achieve between macroeconomic stability and economic development. This balance is essential to sustaining a prosperous industrial sector, ensuring prosperity for both current and future generations in Pakistan.

The Faisalabad Chamber of Commerce and Industry (FCCI) has welcomed the incentives introduced in the Federal Budget 2026-27. These initiatives aim to boost growth in real estate, industry, export, and business sectors. Economic Revival Support On Friday, FCCI President Farooq Yousaf Sheikh praised these incentives. He highlighted their significance for economic revival and enhancing investment growth. These measures are intended to broaden the tax base, thereby increasing revenue. Influence on Business Sectors Sheikh observed that the incentives could stimulate business activity. He recommended that government investments also focus on health and other essential social sectors to ensure balanced growth. Need for Strategic Fiscal Measures The FCCI’s positive feedback underscores the need for strategic fiscal measures. These are vital for reviving investment and boosting exports, which are key for sustained economic growth.

ISLAMABAD — The Hyderabad Chamber of Small Traders and Small Industry hosted an event for traders to watch the live broadcast of the Federal Budget 2026-27 session. Traders assembled in their office, eager to listen to the financial announcements on a television screen. Significance of the Federal Budget Session This annual budget session unveils the government’s financial strategies for the approaching fiscal year. It provides key insights into: fiscal policies financial allocations economic projections These insights heavily impact various sectors, with a pronounced effect on small businesses. Evaluation of Fiscal Policies The live broadcast allowed chamber members to assess the newly announced fiscal policies. Discussions were focused on how these policies might affect their business operations and the broader economic climate in the Hyderabad region.

PESHAWAR — The Federal Budget for 2026-27 introduces property relief measures widely welcomed by Khyber Pakhtunkhwa’s construction industry. Citizens, investors, and contractors are optimistic about the growth prospects these measures might bring to the region. Impact on Economic Growth These relief initiatives aim to strengthen the property sector and significantly boost economic activities. They focus on accelerating construction projects, which has been warmly embraced by industry players. As a result, increased investment and more job creation are anticipated. Government Initiatives and Industry Support Stakeholders have praised the government’s initiatives focused on spurring growth through these incentivized measures. These efforts are expected to tackle several challenges within the sector. Ultimately, this will enhance the sector’s contribution to the national economy.