Growth-oriented federal budget 2026–2027 is welcomed by SM Tanveer

The head of the FPCCI and patron-in-chief of the United Business Group (UBG), SM Tanveer, has described the Federal budget 2026–2027 as a growth-oriented plan and expressed hope that its incentives will be crucial in restoring the economy.

Tanveer praised important fiscal initiatives in a statement, such as the implementation of tax breaks and the elimination of the super tax on exporters, a 50% tax cut on the real estate industry, a fixed tax system for retailers, and tax breaks for the salaried class.

He claimed that in order to move the economy from stabilisation to active growth, the business community has been continuously calling for tax cuts.

Tanveer applauded the expansion of the defence budget as well. He praised Field Marshal General Syed Asim Munir, Chief of Army Staff and Chief of Defence Forces, for his leadership in the country’s defence and praised the Army Chief and Prime Minister Shehbaz Sharif’s combined efforts in the peace negotiations in Islamabad.

Tanveer mentioned that he had been actively supporting the tax breaks intended to revitalise the real estate industry over the previous year. He underlined that the real estate sector has the capacity to spur expansion in about 80 related businesses, greatly enhancing domestic economic activity.According to Tanveer, “the economy can only thrive through export-led growth externally and the revival of domestic commerce internally.”To promote economic growth and provide job possibilities for the average person, the administration has taken an inclusive stance on both fronts.

He commended the prime minister, the finance minister, and the entire economic team for putting out a growth-oriented, balanced budget that serves the greater good of the country.