AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: In a significant development for Pakistan’s business community, the government has reversed several stringent measures initially outlined in the Federal Budget 2025-2026. Shabnam Zafar, former Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Patron-in-Chief of the Khairpur Chamber of Commerce, expressed her satisfaction with the decision, acknowledging the efforts of key figures who advocated for change.
The government initially introduced tax enforcement measures that were perceived as detrimental to business, industrial, and trade activities. These measures sparked widespread concern and fear among the business community. However, through a formal consultation process, discussions were held on several critical issues, including Section 37A of the Sales Tax Act and Section 21(S) of the Income Tax Act, among others.
According to Shabnam Zafar, the collaborative discussions led to the amicable resolution of nearly all issues, with the government addressing the concerns raised. The business community has expressed gratitude to Prime Minister Mian Muhammad Shehbaz Sharif, Field Marshal Syed Asim Munir, and other officials for their timely intervention.
As a result of the negotiations, all relevant notices and circulars have been issued, signaling a positive outcome for the business landscape in Pakistan.