Key points
- Aurangzeb holds meeting with delegation of Pakistan Business Council
- Govt places high value on feedback of the business and industrial community: Finmin
- Says consultative process for the federal budget 2025–26 was initiated earlier than usual this year
ISLAMABAD: Pakistan’s Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting with a delegation of the Pakistan Business Council (PBC), reaffirming the government’s commitment to maintaining an inclusive and ongoing consultative process with key stakeholders in the business community.
The delegation was led by its outgoing Chief Executive Officer (CEO), Ehsan Malik and the incoming CEO, Javed Kureish.
According to a statement, the minister welcomed the transition in leadership at the PBC and extended his full support to the incoming team.
Constructive role
During the meeting, the finance minister appreciated the constructive role played by the PBC, particularly acknowledging the value of its policy input, research, and the extensive sectoral data regularly shared with the government.
He underscored the importance of evidence-based policymaking and informed the delegation that the Tax Policy Office had been relocated from the Federal Board of Revenue (FBR) to the Finance Division, with a view to institutionalising tax policy formulation and strengthening engagement with forums such as the PBC.
Senator Aurangzeb emphasised that the government places high value on the perspectives and feedback of the business and industrial community, and in keeping with this approach, the consultative process for the federal budget 2025–26 was initiated earlier than usual this year.
Dialogue, reflection and integration
This step was taken to allow greater time for dialogue, reflection, and integration of a wide range of recommendations received from chambers, trade bodies, and business forums into the budget-making process, he added.
