On February 28, 2026, the government of Pakistan, under Prime Minister Shehbaz Sharif, is preparing for the federal budget for 2026-27, which is crucial for transitioning from stabilization to sustainable growth as the country approaches the conclusion of its Extended Fund Facility with the IMF at the end of 2027. Recent discussions between a delegation from the Pakistan Business Council (PBC) and an IMF mission highlighted the urgent need for tax reforms and policy consistency to facilitate export-led growth and job creation. The PBC emphasized that the current tax structure disproportionately burdens compliant enterprises and called for the abolition of the super tax and a phased reduction of the corporate tax rate to 25%. They argued that a competitive and equitable tax framework, along with predictable energy pricing, is essential to attract investment and generate employment at scale.
BUSINESS
Pakistan Federal Budget 2026-27 Aims For Tax Reforms And Growth
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Pakistan's 2026-27 budget aims for sustainable growth post-IMF, focusing on tax reforms, investment attraction, and job creation amid challenges like falling FDI and security issues.
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