Representatives of trade bodies, industrial associations, political circles and civil society have welcomed the Federal Budget 2026-27, describing it as a balanced, growth-oriented and business-friendly financial plan that would help strengthen economic stability, encourage investment and support development priorities despite challenging fiscal conditions.
Budget hailed as growth-oriented, business-friendly by trade and political leaders
FAISALABAD, Jun 13 (APP): Representatives of trade bodies, industrial associations, political circles and civil society have welcomed the Federal Budget 2026-27, describing it as a balanced, growth-oriented and business-friendly financial plan that would help strengthen economic stability, encourage investment and support development priorities despite challenging fiscal conditions.
Reacting to the budget proposals presented by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, the stakeholders said that the government’s fiscal roadmap reflected its commitment to economic growth, revenue enhancement and targeted relief measures for sustaining recovery momentum of the country.
They said that the federal budget carries a total outlay of Rs18.771 trillion, with a tax revenue target of Rs15.264 trillion and a federal development allocation of Rs1 trillion under the Public Sector Development Program (PSDP).
Former state minister Hajji Akram Ansari Khawaja welcomed the budget and termed it encouraging for industry and exports.
He said that the industrial sector remained backbone of the national economy and called for affordable energy and further facilitation measures to enable industries to expand production and create employment opportunities.
He said that the allocation of development funds and measures for economic growth would support business expansion and job creation.
General Secretary Ulema-o-Mashaikh Wing PMLN Punjab Sahibzada Hafiz Muhammad Amjad termed the federal budget pro-people and said that it would help in materializing the dream of national progress and prosperity by stabilizing national economy.
He appreciated various incentives announced in federal budget proposals. The government has also made reasonable increase in the salaries, pensions and other allowances of government employees without putting additional burden on low income classes, he added.
Member of Provincial Assembly (MPA) Arif Mehmood Gill said that the budget contained positive signals for various sectors of the economy.
He appreciated the decrease in super tax and said that it would help ease burden on small exporters while reduction in other certain taxes would contribute to improve competitiveness of Pakistani products in the international markets.
He expressed hope that continued support for exporters and industrialists would contribute to higher productivity and sustainable economic growth.
MPA Ahmad Sheharyar Khan described the federal budget as people-centric and development-oriented.
He said that the government had attempted to balance fiscal discipline with public welfare by allocating substantial resources for social services, development projects and essential public expenditures.
He said that the budget envisaged total expenditures of Rs18.771 trillion including Rs3 trillion for defense, Rs8.054 trillion for debt servicing, Rs1.169 trillion for pensions and Rs1.091 trillion for subsidies, reflecting the government’s efforts to meet national obligations while maintaining development spending.
He expressed confidence that prudent fiscal management and continued investment in infrastructure and productive sectors would strengthen the national economy and improve the business environment.
President Faisalabad Chamber of Commerce & Industry (FCCI) Sheikh Farooq Yousuf welcomed the budget and said that the government’s focus on economic stabilization, exports and industrial growth would help strengthen investor confidence and accelerate economic activity.
He appreciated various measures for promoting business and industry but urged the government to provide additional incentives to exporters and manufacturers so that Pakistani products could compete more effectively in international markets.
Chairman Pakistan Textile Exporters Association (PTEA) Sohail Pasha termed the Federal Budget 2026-27 a balanced and growth-oriented.
It would provide a positive direction to national economy in addition to promoting investors’ confidence and creating an environment conducive to business expansion and employment generation, he added.
Vice Chairman PTEA Ameer Ahmad also welcomed the federal budget and said that it would help strengthen economic stability besides paving way for progress across all sectors.
He welcomed the elimination of 0.25% EDS and reduction in EFS markup and said that these measures would ease financial burden on textile exporters, improve liquidity and enhance their competitiveness in the international markets.
Patron-in-Chief Anjuman-e-Tajiran Hajji Muhammad Aslam Bhalli termed the federal budget balanced under prevailing economic circumstances and said that the government initiatives would help restore business confidence and stimulate commercial growth.
The business leader hoped that effective implementation of budgetary measures would help the country overcome economic challenges and place Pakistan on a strong path towards sustainable development and prosperity.
