Islamabad: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, convened a meeting with Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), and Zahid Hussain, Chairman of the Policy Advisory Board (FPCCI), to deliberate on key issues concerning the business environment, financial sector dynamics, and ongoing reform initiatives.
According to Press Information Department, the Finance Minister acknowledged the constructive involvement of the FPCCI in providing policy input and facilitating dialogue between the Government and the private sector. He emphasized the need for sustained consultation to ensure reforms align with industry needs and support economic stability.
The discussions highlighted the significance of a predictable regulatory environment, policy continuity, and institutional strengthening to build investor confidence. Efforts to advance digitalization, enhance transparency, and improve compliance systems were underscored, along with the progress toward establishing an independent Tax Policy Office under the Finance Division. This reform aims to strengthen policy formulation and ensure clarity in the tax framework, facilitating a conducive environment for businesses.
The meeting also focused on the financial system’s role in supporting business needs and economic activity. The Finance Minister stressed the importance of improved access to finance, efficient credit flows, and alignment with the real economy to support investment-led growth. He also noted Pakistan’s re-entry into international capital markets through a Eurobond transaction, indicating improving macroeconomic fundamentals and investor confidence.
The Finance Minister outlined the Government’s efforts to support economic activity through a stable policy environment and targeted reforms. He emphasized maintaining macroeconomic stability while pursuing measures to support economic activity, balancing fiscal discipline with growth considerations.
Both parties agreed on the importance of continued engagement and coordination for effective policy implementation. The Finance Minister reaffirmed the Government’s commitment to fostering a collaborative environment with the business community to support sustainable and inclusive economic growth.