According to Beyond Time News, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) will present its shadow budget for the fiscal year 2026–27 next week, focusing on tax reforms and economic restructuring.
Focus on tax expansion and formal economy
FPCCI President Atif Ikram Sheikh said the key goal of the shadow budget is to widen the tax base and bring the undocumented economy into the formal system, while avoiding additional pressure on existing taxpayers.
He stressed that further taxation on the manufacturing and export sectors is not acceptable and called for a simplified tax structure with incentives for industry and trade.
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Business community concerns
FPCCI Vice President Saqib Fayyaz Magoon highlighted high corporate taxes, policy inconsistency, and compliance costs as major obstacles for businesses.
He said the shadow budget will propose lower tax rates, measures to prevent capital flight, and steps to revive industrial growth.
Market and economic backdrop
According to Beyond Time News, the Securities and Exchange Commission of Pakistan (SECP) reported that the capital market remained relatively stable despite global economic uncertainty and regional tensions.
However, the KSE-100 Index declined by 14.54%, while market capitalization also fell significantly during the quarter.
