Atif Ikram Sheikh, President of , announced plans to unveil a “Shadow Budget” for the fiscal year 2026-27 next week. The budget will propose pro-business and growth-oriented policy recommendations aimed at broadening the tax base rather than imposing further financial strain on compliant businesses.
Ikram emphasized the need for a shift in economic planning, noting that reliance on a shrinking pool of taxpayers is unsustainable and detrimental to industrial growth. He stated that ‘s Shadow Budget would not only critique the current system but also provide an alternative fiscal blueprint.
Senior Vice President Saquib Fayyaz Magoon highlighted structural reforms needed, including reducing corporate taxes and compliance costs while streamlining procedural inefficiencies. The aim is to halt capital flight and reverse industrial regression through pro-growth policies.
Vice President Abdul Mohamin Khan underscored the regional competitiveness issue, particularly for industries in Sindh facing high business costs due to taxation. He stressed that ‘s Shadow Budget would create a fairer business environment and urged government adoption before finalizing tax measures.
leadership warned against any attempt by the government to penalize existing taxpayers, stating such actions would lead to economic contraction, reduced competitiveness, and increased unemployment.