DPM Dar chairs meeting on tax policy proposals for forthcoming budget

Says committee reviewed progress on various proposals, emphasised the need for growth-oriented measures

Deputy Prime Minister and Foreign Minister Ishaq Dar on Thursday chaired a follow-up meeting of the committee constituted by the Prime Minister Shehbaz Sharif to continue deliberations on tax policy proposals for the forthcoming budget.

According to a post on X, DPM Dar said, "The committee reviewed progress on various proposals and emphasised the need for balanced, growth-oriented measures aimed at broadening the tax base, enhancing revenue generation, and promoting investment and economic growth".

The minister further added that the committee reiterated its priority for balanced and growth-oriented measures that enhance revenue generation while safeguarding compliant taxpayers from any additional tax burden.

"The meeting was attended by the minister for the economic affairs division, SAPM Tariq Bajwa, minister of state for finance and railways, finance secretary, chairman of the FBR, and senior officials from relevant ministries," the statement added.

Deputy Prime Minister / Foreign Minister Senator Mohammad Ishaq Dar @MIshaqDar50 chaired a follow-up meeting of the committee constituted by the Prime Minister, to continue deliberations on tax policy proposals for the forthcoming budget.

The Committee reviewed progress on… pic.twitter.com/2TUJRT6ycr

— Office of the Deputy Prime Minister (@DPM_PK) May 14, 2026

A day earlier, Finance Minister Muhammad Aurangzeb held a meeting with the visiting IMF mission to review Pakistan’s macroeconomic outlook, discussed the upcoming budget preparations and ongoing reforms aimed at strengthening economic stability and sustainable growth.

The discussions focused on Pakistan's macroeconomic stabilisation efforts, preparations for the upcoming federal budget, and the broader reform agenda aimed at strengthening fiscal and external sustainability.

Read: Textile sector presents budget proposals

Both sides exchanged views on maintaining reform momentum, preserving macroeconomic stability, and advancing structural reforms to promote investment, productivity, and export-led growth within a balanced and forward-looking policy framework.

On Tuesday, FinMin also held a meeting with a high-level delegation representing Pakistan's textile and apparel sector, which presented a comprehensive set of proposals for the Federal Budget 2026-27 aimed at strengthening the sector's competitiveness.

The delegation highlighted the textile sector's vital contribution to exports, employment and foreign exchange earnings. It emphasised the need for a stable, growth-oriented policy environment to cope with global market dynamics and increasing regional competition.

Key proposals focused on taxation reforms, energy affordability, export facilitation, industrial modernisation, liquidity management, investment promotion and ease of doing business.

The representatives stressed that timely policy support would strengthen export competitiveness, promote value-added manufacturing and attract fresh investment. They called for efficient refund mechanisms, rationalised energy pricing structures, facilitation for exporters and reduced compliance burden.

Aurangzeb appreciated the sector's engagement and reaffirmed the government's commitment to regular consultations through the tax policy office.