ISLAMABAD: Prime Minister Shehbaz Sharif on Monday assured businessmen and industrialists that measures have been being taken to make the forthcoming federal price range conducive to industrial development and manufacturing.
The federal government is predicted to approve a consolidated nationwide improvement program of over Rs3.5 trillion and a macroeconomic framework envisaging financial development of 4.1pc and inflation of 8.5pc for FY2026–27.
The premier made these remarks whereas assembly presidents of chambers of commerce and industries to hunt their solutions for the 2026-27 federal price range, scheduled to be introduced on June 5.
Throughout the assembly, PM Shehbaz directed the Federal Board of Income (FBR) to get rid of all pending instances of tax refunds by June 15.
He additional ordered transferring the headquarters of Pakistan Income Automation Restricted (PRAL) to Karachi, with a purpose to improve exports and facilitate the enterprise neighborhood and exporters. The institution of an workplace of the Immigration and Passport Division in Gujrat was additionally ordered.
Furthermore, the premier urged Pakistani traders to advertise e-vehicle manufacturing within the nation by joint ventures.
PM Shehbaz famous that constant efforts and onerous work had helped stabilize the financial system.
He stated further measures can be taken within the upcoming price range to advertise industrial improvement, increase manufacturing and help the enterprise neighborhood.
The premier assured the delegation of the federal government’s dedication to making a extra favorable setting for funding and financial development.
The delegation, in flip, assured the PM that your entire enterprise neighborhood and industrialists have been standing by the federal government and supporting its financial insurance policies.
It introduced suggestions concerning the upcoming federal price range and measures aimed toward supporting the nation’s total financial development.
‘New period’ in Pak-China financial partnership
Earlier, PM Shehbaz stated the extraordinary improve in enterprise engagements between the personal sectors of Pakistan and China heralded a brand new period in financial partnership between the 2 nations.
He emphasised that enhanced industrial, agricultural and technological Cooperation with China would boost Pakistan’s exports and create new employment opportunities.
The premier was presiding over a review meeting to assess progress on the agreements and memoranda of understanding (MoU) signed at the Pakistan-China Business-to-Business (B2B) conference held during his recent visit to China, the Prime Minister’s Office (PMO) said in a press release.
In the meeting, he directed the relevant authorities to ensure that the MoUs signed in Hangzhou are swiftly transformed into formal agreements and joint ventures. PM Shehbaz also decided to personally chair monthly review meetings to monitor progress on the outcomes of the B2B conference.
He further ordered that cooperation between the China Academy of Agricultural Sciences and the Pakistan Agricultural Research Council (PARC) be implemented effectively.
The premier observed that agricultural research, modern technology and joint ventures between Pakistan and China could bring about a revolutionary transformation in the country’s agricultural sector.
During the briefing, participants were informed that a total of 123 Pakistani companies and 436 Chinese companies attended the B2B conference on May 24, where 207 MoUs worth approximately $7.54 billion were signed.
Those MoUs were signed in several key sectors, including battery energy storage systems, artificial intelligence (AI), mobile phones and handheld devices. Significant agreements were also reached in the areas of fertilizers, seeds, modern irrigation equipment, fisheries, and food processing.
Additionally, MoUs were signed to promote joint investment in advanced industrial sectors, including biotechnology and vaccine manufacturing.
The meeting was attended by Federal Ministers Rana Tanvir Hussain, Ahsan Iqbal, Ahad Khan Cheema and Shaza Fatima Khawaja, along with other senior government officials.
Last week, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) released a set of four independent “shadow” policy studies proposing an alternative economic framework to accelerate growth, broaden the tax base, and reduce fiscal imbalances.
The documents were prepared by the Economic Policy and Business Development Think Tank (EPBD) and released at the FPCCI office and focused on structural reforms to lift Pakistan’s economy onto a higher, more sustainable growth path.
The documents — ‘Tax Policy and Administration Reforms’, ‘Shadow Federal Budget 2026-27’, ‘Shadow Economic Survey of Pakistan 2026’, and ‘Shadow Five-Year Development Plan 2026-31’ — collectively set out a reform agenda centered on private-sector-led growth, fiscal consolidation, and institutional restructuring.
