Islamabad: The Senate Standing Committee on Finance and Revenue has concluded its fourth consecutive session on the Finance Bill 2026-27, recommending significant measures including export relief, tariff reforms, and a review of electricity fixed charges. These recommendations aim to bolster economic growth, enhance competitiveness, and address public concerns.
According to Senate of Pakistan, the session was chaired by Senator Saleem Mandviwalla and attended by Federal Finance Minister Muhammad Aurangzeb, senators, government officials, and stakeholders from various sectors. The meeting focused on proposals to facilitate exports, improve the business environment, and strengthen the country’s export sector. The committee advocated for the inclusion of exporters under the Final Tax Regime and a rationalization of the tax framework to support export-led growth and foreign exchange earnings.
Taxation measures related to education and charitable institutions were also reviewed, with recommendations for amendments to ensure greater transparency and alignment with public interest objectives. The National Tariff Policy 2025-2030 was discussed, highlighting strategies to enhance industrial competitiveness and facilitate trade. The committee emphasized the need for a balanced tariff structure to support domestic industry and investment.
Concerns about electricity billing and fixed charges were addressed, with the committee seeking further briefings from relevant authorities. Additionally, developments in vehicle standards, industrial regulations, and commercial vehicle imports were reviewed, with an emphasis on facilitating business activity and improving regulatory frameworks.
Ongoing work in the solar, mobile, auto, and battery sectors was also presented, aimed at encouraging investment and promoting technological advancement. The committee’s recommendations seek to promote economic growth, facilitate business, and enhance public welfare, as part of its commitment to effective legislation and sustainable economic development. Further sessions will continue to review the Finance Bill 2026-27.