The government defended Budget 2026-27 as a growth-oriented plan with relief measures.
ISLAMABAD – Finance Minister Muhammad Aurangzeb has said that the economy of Pakistan is moving in the right direction and is moving towards development from economic stability.
Addressing a post-Budget press conference, Aurangzeb said the government had earlier outlined its goal of moving from stability to sustainable economic expansion and said the country had now embarked on that journey.
He added that the federal budget includes measures aimed at strengthening exports and improving the tax system.
The finance minister said that an additional subsidy of 70 billion rupees has been allocated to support economic activities, while efforts have also been made to facilitate important sectors. He noted that there has been a broad agreement with Prime Minister Shehbaz Sharif on the elimination of super tax for exporters.
Aurangzeb further highlighted several initiatives announced in the budget, including a fertility support scheme for small farmers, abolition of customs and regulatory duties on agricultural machinery and equipment, and allocations for the Prime Minister’s Youth Loan Programme. He also emphasized the importance of construction sector in promoting economic development.
Addressing the same press conference, Minister of State for Finance Bilal Azhar Kayani described the budget as a budget designed to help salaried individuals, industrialists and exporters. He said that the government has provided relief to the salaried class despite limited financial resources.
Information Minister Attaullah Tarar said that the budget fulfills the promises of the government to provide relief to the people. He highlighted the reforms within the Federal Board of Revenue (FBR), initiatives for middle and low income groups and efforts to digitize tax administration. Tarar said that the country has achieved macroeconomic stability after overcoming major economic challenges and termed the budget as a comprehensive relief-oriented document.
The post Government defends Budget 2026-27 as a development-oriented plan with relief measures appeared first on Daily Pakistan English News.
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