Business

ISLAMABAD — A shopkeeper watched closely as Finance Minister Muhammad Aurangzeb presented the Federal Budget 2026–27 on television in his store. This annual budget announcement is broadcast live, attracting widespread attention across media platforms as a pivotal financial event. Outlining Financial Plans and Priorities The budget presentation outlines the government’s financial plans and priorities for the next fiscal year. It captures the interest of business owners, consumers, and economic analysts alike, eager to understand upcoming economic policies. Influence on Business Operations The shopkeeper’s focused attention reflects the widespread interest in the budget’s economic measures. These measures can significantly influence daily transactions and the broader scope of business operations across the country. Key Elements of the Budget Presentation Tax adjustments Public spending allocations Economic forecasts These components are crucial in shaping the nation’s economic landscape, influencing market trends, and guiding investment decisions.

RAWALPINDI — Pharmaceutical traders in Rawalpindi have expressed strong approval of the federal budget for the fiscal year 2026-27, focusing on the relief measures targeting medicines and taxation. Abolition of Federal Excise Duty The government has abolished the Federal Excise Duty (FED) on essential medicines, particularly for severe illnesses like cancer. This decision has garnered significant support from the pharmaceutical sector. Effect on Patients Faizan Malik, a local trader, highlighted that this change will ease the financial burden on patients and improve access to necessary medications. These relief measures are anticipated to benefit pharmacy traders by making medicines more affordable and boosting demand. Maintaining Stability in Pharmaceutical Taxation Malik discussed the critical importance of stable taxation within the pharmaceutical industry. Such stability is vital for ensuring a continuous supply and fair pricing of medications. Advantages of a Pro-Public Budget Another trader, Khurram, shared similar views, commending the budget’s pro-public stance, particularly in the health sector. The removal of FED on crucial medicines reduces healthcare costs for patients with life-threatening conditions. Khurram also emphasized the necessity for consistent policy implementation and ongoing support to strengthen the healthcare supply chain.

HYDERABAD — Idress Chohan, Senior Vice President of the Hyderabad Chamber of Small Trade and Small Industries (HCSTSI), praised the federal budget for the fiscal year 2026-27. He described the budget as balanced and expressed optimism about its positive impact on both business and industry. Strategic Economic Approach In a statement to the Associated Press of Pakistan, Chohan commended the government’s strategic economic approach. He highlighted the decision to avoid new taxes on the motorbike industry, considering it supportive for this sector. Chohan also applauded the abolition of the super tax, calling it a bold move. This decision is expected to ease financial pressures on businesses, potentially fostering further economic growth. Promoting Investment and Trade Chohan expressed hope that the new budget would spur investment in trade and industry. He emphasized the crucial role of fully implementing government policies to ensure they benefit the nation and its citizens as intended.

PESHAWAR — Academics and government employees in Khyber Pakhtunkhwa have praised the income tax relief measures from the 2026-27 federal budget. This initiative is viewed as vital in easing the financial stress on salaried individuals. Restructuring Income Tax Slabs Assistant Professor Sundas Amin commended the government’s plan to restructure income tax slabs. Notable measures include reducing marginal tax rates across various income brackets and eliminating the surcharge on the salaried class. Tax Rate Reductions Salaries between Rs2.2 million and Rs3.2 million will see a tax reduction from 23% to 20%. Incomes between Rs3.2 million and Rs4.1 million will have their tax rate lowered from 30% to 25%. Individuals earning between Rs4.1 million and Rs5.6 million will experience a reduction from 35% to 29%. Additional Financial Support The federal budget also proposes a 7% increase in salaries and pensions for government employees and pensioners. Professor Dr. Muhammad Naeem considers these steps as significant financial support measures.

ATTOCK — On Friday, Attock Police made a significant breakthrough against the local drug trade. Authorities arrested four suspects during separate operations, resulting in the seizure of large quantities of narcotics including hashish, crystal meth, heroin, opium, and liquor. Strategic Drug Bust Operations These law enforcement raids are part of a comprehensive strategic initiative aimed at curbing illegal drug activities in Attock. This initiative underscores the police force’s dedication to tackling the growing issue of narcotics distribution in the area. Executed with precision, the operations relied on detailed intelligence reports. Ongoing Investigations The arrested suspects remain in police custody as investigations continue. Authorities have pledged to intensify efforts in combating drug-related crimes within the district, reinforcing their commitment to public safety.

PESHAWAR — The Sarhad Chamber of Commerce and Industry (SCCI) provided a mixed response to the federal budget for the fiscal year 2026. While the chamber commends the removal of the Super Tax, it criticizes the budget as insufficiently business-friendly. Concerns Over Economic Impact SCCI contends that apart from the elimination of the Super Tax, the budget lacks effective strategies to promote economic growth. The chamber claims it does not offer adequate support to the business community, which is essential for economic advancement. Need for Investment Reforms The chamber urges the government to implement reforms to stimulate investment. Such reforms are deemed critical to overcoming the existing economic challenges faced by businesses. Recommendations for Future Budgets SCCI officials recommend a more comprehensive approach in future budgets. They emphasize that addressing business sector concerns is vital to creating a favorable environment for economic development.

ISLAMABAD — Federal Minister for Finance and Revenue, Muhammad Aurangzeb, presented the federal budget for 2026-27 in the National Assembly on Friday. The budget totals Rs18.771 trillion. Transition to Economic Growth The new budget signifies a shift from economic stabilization towards growth. It emphasizes investment-driven strategies following two years of fiscal consolidation and reforms. Relief-Oriented Approach This budget aims to provide relief by enhancing economic stabilization. It promotes expansion through substantial investments, building on existing fiscal policies to foster economic growth. Commitment to Sustainable Development Minister Aurangzeb stressed the budget’s role in guiding the nation towards sustainable economic development while maintaining fiscal responsibility. Focus on Investment To encourage growth, the budget prioritizes investment-focused policies. This approach is designed to create a supportive economic environment for development.

ISLAMABAD — The government has allocated Rs 2.478 billion for climate change and environmental initiatives in the 2026-27 Federal Budget. This move has received widespread praise from experts, highlighting it as a vital step in enhancing climate policies and promoting renewable energy. Government Dedication to Climate Policies Analysts emphasize that this investment is a clear indication of the government’s commitment to climate-smart policies. The funding aligns with strategies from the International Monetary Fund (IMF) and the World Bank, which provide essential financial guidelines for steering sustainable development. Advancing Climate Agendas This budget allocation underscores key government priorities and strategic directions. This financial commitment aims to build momentum for both national and international climate agendas. It reflects an effort to integrate initiatives across various policy areas, promoting a holistic approach to environmental challenges.