SM Tanveer, Patron-in-Chief of the United Business Group (UBG) and a prominent business community leader, has welcomed the Federal Budget 2026-27, describing it as a growth-oriented roadmap capable of accelerating economic recovery and investment activity across Pakistan.
Key Budget Measures Praised
In a statement, Tanveer praised several key measures announced in the budget, including tax concessions, the abolition of the super tax on exporters, a 50 percent reduction in taxes related to the real estate sector, the introduction of a fixed tax regime for shopkeepers, and tax relief for salaried individuals. He emphasized that the business community had long advocated for lower taxation and business-friendly policies to help shift Pakistan's economy from a stabilization phase toward sustainable growth.
Defense Spending and National Security
Tanveer also welcomed the increase in defense spending, commending the leadership of Field Marshal General Syed Asim Munir and Prime Minister Shehbaz Sharif for their roles in safeguarding national interests and supporting diplomatic initiatives aimed at regional peace.
Real Estate Sector Revival
Highlighting the government's measures for the real estate sector, Tanveer noted that the industry has strong multiplier effects and can stimulate activity across dozens of allied sectors. He said reviving real estate would contribute significantly to economic expansion, investment, and job creation.
Export and Domestic Commerce
According to Tanveer, long-term economic prosperity depends on strengthening exports while simultaneously encouraging domestic commerce and industrial activity. He added that the budget reflects an inclusive approach designed to support both objectives.
Congratulations to Economic Team
The business leader congratulated Prime Minister Shehbaz Sharif, Finance Minister Muhammad Aurangzeb, and the government's economic team for presenting what he termed a balanced and growth-focused budget aimed at promoting economic development and employment opportunities.
