Business

ISLAMABAD — Finance Minister Senator Muhammad Aurangzeb has unveiled Pakistan’s federal budget for 2026-27. The budget highlights a strategic shift towards promoting export-led growth. This initiative targets economic transformation from recovery to sustainable growth by expanding exports and fostering a supportive business environment. Focus on Export-led Growth During a post-budget conference, the finance minister emphasized creating opportunities for businesses to thrive in the global market. He identified exports as a crucial element of Pakistan’s economic strategy for future development. Enhancing Economic Resilience The budget aims to bolster Pakistan’s economic resilience and secure long-term prosperity. Key strategies include prioritizing export growth and nurturing a conducive business climate, as highlighted by the finance minister.

ISLAMABAD — The Pakistan federal budget for the fiscal year 2026-27 was recently unveiled in the National Assembly. This budget presents a comprehensive financial strategy, focusing on fostering economic growth and ensuring financial stability. Total Revenue Estimates The total estimated resources are Rs. 18,771 billion. The Federal Board of Revenue (FBR) will significantly contribute Rs. 15,264 billion to the Federal Consolidated Fund through tax revenue. Non-Tax and Gross Revenue Projections for non-tax revenue stand at Rs. 5,336 billion, while the gross revenue receipts are expected to total Rs. 20,600 billion. Of these receipts, Rs. 8,848 billion will serve as the provincial share. Net Revenue Receipts Following the allocation of the provincial share, net revenue receipts are calculated at Rs. 11,751 billion. This financial framework aims to support Pakistan’s economic development while maintaining fiscal discipline.

ISLAMABAD — Women parliamentarians have praised the 2026-27 budget, describing it as balanced and aimed at providing relief during challenging economic times. They commended the government’s efforts to reduce the tax burden on the salaried class, highlighting a commitment to economic stability. Focus on Economic Stability The budget is designed to ensure stable growth and maintain overall economic stability. It addresses concerns in the current challenging financial environment, with parliamentarians acknowledging the government’s dedication to equitable resource distribution. Commitment to Sustainable Development Lawmakers emphasized that the budget’s provisions support ongoing sustainable development efforts. These measures are expected to boost confidence in the government’s economic policies, demonstrating a long-term vision for financial health.

ABBOTTABAD — The Federal Budget 2026-27 is garnering widespread praise for its strong emphasis on social welfare programs. Citizens from various regions commend this budget for its people-centric approach, highlighting the government’s dedication to supporting vulnerable groups in society. Benazir Income Support Programme (BISP) Expansion A crucial element of the budget is the substantial expansion of the Benazir Income Support Programme (BISP). This initiative aims to provide vital financial aid to low-income households. Amjad Ali, a senior citizen, noted the positive impact this expansion is expected to have on needy families nationwide. Warm Reception from the Public The public has enthusiastically received the social welfare focus of the budget. Many citizens express hope that these measures will provide tangible benefits, helping to address economic challenges faced by disadvantaged communities. Optimism is high that these initiatives will significantly aid low-income families in improving their economic stability and quality of life.

ISLAMABAD — In a slight gain on Friday, the Rupee appreciated against the US Dollar during interbank trading, closing at Rs 278.32, a marginal increase from its previous rate of Rs 278.35. Forex Market Update The Forex Association of Pakistan highlighted that the open market buying and selling rates for the US Dollar were Rs 278.45 and Rs 279.35, respectively. This steadiness reflects a stable day for currency traders. Currency Exchange Rates Euro and British Pound The State Bank of Pakistan reported an increase in the Euro by Rs 0.66, closing at Rs 321.96, up from Rs 321.30. Similarly, the British Pound rose by Rs 0.50, reaching Rs 372.93 compared to Rs 372.43 from the previous day. Other Currencies The Japanese Yen remained unchanged at Rs 1.73. The Emirate Dirham held steady at Rs 75.78. The Saudi Riyal saw a minimal decrease of 1 paisa, finishing at Rs 74.14.

ISLAMABAD — The Finance Minister recently chaired an important meeting of the Economic Coordination Committee (ECC). During this meeting, significant Technical Supplementary Grants (TSGs) were approved, marking a major advancement in managing Pakistan’s economic resources. Prime Minister’s Commendation Prime Minister Shehbaz Sharif commended the finance team’s effective efforts in crafting and presenting the federal budget. He highlighted the budget’s balanced, people-friendly, and development-oriented approach, showcasing the team’s dedication, expertise, and cooperation. Addressing Economic Challenges By approving the TSGs, the ECC demonstrates its commitment to tackling ongoing economic challenges. This initiative is part of a strategic plan to ensure continued economic growth and stability.

KARACHI — The Karachi Chamber of Commerce and Industry (KCCI) has praised several features of the federal budget for 2026-27. Key highlights include the Federal Board of Revenue’s (FBR) move towards automation, adjusted tax rates for salaried workers, and relief for construction and real estate sectors. FBR Automation Enhancements The KCCI commended the shift towards FBR automation, seeing it as crucial for enhancing transparency and efficiency in tax collection. This initiative aims to establish a streamlined tax administration process, benefiting businesses and individuals alike. Changes in Tax Rates Impact on Salaried Workers The KCCI welcomed the revisions in tax rates for salaried individuals as a positive step. These changes aim to reduce financial pressure on the salaried class and are expected to promote consumer spending. Boost for Construction and Real Estate KCCI also praised relief measures for the construction and real estate sectors. These initiatives are vital for spurring economic growth and bolstering key industries, likely to lead to increased investment and market activity.

The Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) and the Sanascendant Development Group (SDG) recently introduced the Sanascendant Real Estate Expo 2026 through a key session. Event Details Scheduled for August 28-30 at ExCeL London, United Kingdom, this expo serves as an essential platform for leaders, investors, and stakeholders in the real estate market. Expo Objectives The session revealed crucial objectives of the expo. It aims to foster investment opportunities and encourage collaborative real estate efforts. Participants from various regions will join, underscoring the strong Pakistan-China ties. Benefits of Participation Attending the Sanascendant Real Estate Expo 2026 provides several advantages: Fostering international partnerships Showcasing innovative real estate solutions Enhancing bilateral trade Promoting economic connections During the session, PCJCCI and SDG officials discussed strategies to boost trade relations and strengthen economic ties among the participating countries.

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.