Business leaders and industrial groups have urged the government to introduce balanced and business-friendly measures in the upcoming federal budget, warning that sudden economic reforms could negatively affect industries, investment, and employment.
During a meeting with Commerce Minister Jam Kamal Khan, representatives from the Pakistan Business Council and major industrial sectors discussed challenges facing the country’s manufacturing industry and export sector.
Industrial representatives stressed the need for gradual tariff reforms instead of sudden reductions in import duties. They argued that abrupt cuts could hurt local manufacturing industries, reduce government revenues, and weaken industrial competitiveness.
The delegation included leading business figures from companies such as Gatron Industries Limited and Novatex Limited.
Participants discussed rising energy prices, increasing production costs, anti-dumping duties, and challenges faced by sectors including plastics, petrochemicals, polyester, and small businesses.
Business groups also called for lower electricity and gas tariffs to support exporters and manufacturers.
They emphasized that expensive energy and fuel costs were increasing inflation and making Pakistani products less competitive in global markets.
Separately, the Pak International Business Forum proposed a seven-point economic revival plan for the budget.
The forum recommended reducing interest rates, simplifying the tax system, improving financing access for exporters, and introducing digital one-window systems for approvals and tax compliance.
The business community also highlighted the importance of policy continuity, investor confidence, and skill development programmes for youth in technology and freelancing sectors.
Officials said the discussions focused on creating long-term economic stability and encouraging industrial growth rather than relying on short-term fiscal measures.
Experts believe the upcoming budget will play an important role in shaping Pakistan’s economic direction and investment environment in the coming years.