Tax Policy Office asks businessmen to submit budget proposals for 2026-27

ISLAMABAD: Tax Policy Office of Ministry of Finance has asked the business community to submit their budget proposals for 2026-27 covering areas of industrial growth, export expansion, digital transformation, energy efficiency, and social equity.

Dr Najeeb A Memon, Director General Tax Policy Office on Monday requested the chambers of commerce and industry and trade bodies to submit the taxation related proposals for the next fiscal year. In this regard, Tax Policy Office of Ministry of Finance is preparing a strategy paper on taxation seeking proposals for budget 2026-27.

According to the communication of Director General Tax Policy Office to the business community, “I am pleased to introduce the budget process for Financial Year 2026-27. As you are aware, this year marks a significant change: the task of tax policy formulation has been separated from the Federal Board of Revenue (FBR) and entrusted to the Tax Policy Office under the Ministry of Finance,” Dr Najeeb A Memon said.

READ MORE: Businesses & field force: FBR seeks customs-related budget proposals for tariff revision

Tax Policy Office stated that the taxation willbe guided by economic value considerations and policy consistency rather than short-term revenue exigencies. To achieve these objectives, the budget-making process is planned to be carried out in close consultation with all stakeholders. The tax regime, in particular, will be refined with adequate representation from relevant groups to ensure that it does not put sub-optimal burden on taxpayers.

In view of the current economic situation, taxation, energy tariffs, and financing costs need further consideration to support economic growth. Moreover, it is imperative that the upcoming budget, being a main component of government’s long term financial plan, be shaped with proposals that not only address the above costs to economic activities but also align with the broader national goals set out in policy frameworks.

The priorities articulated in Uraan Pakistan and policy documents of the government emphasize the following:

(i); Exports led growth by enhancing competitiveness, attracting foreign direct investment, and streamlining trade.

(ii); Enlarging manufacturing base by promoting industrialization, including mining, with a focus on local inputs, technology adoption, and value addition.

(iii); Promoting ICT at all levels and for all actors for digital transformation of economy through cashless transactions and growth in IT exports.

(iv); Environment & Climate Change: Ensuring resource security (water, food, energy) and advancing green solutions.

(v); Energy: Developing efficient, affordable, and environmentally friendly energy infrastructure to reduce reliance on fossil fuels.

(vi); Equity, Ethics & Empowerment: Promoting social justice, increasing women’s workforce participation, and reducing youth unemployment.

Business community is therefore invited to submit tax- related proposals on the format that contribute to easing the burden on productive sectors and are consistent with the government’s overarching priorities of industrial growth, export expansion, digital transformation, energy efficiency, and social equity.

Additionally, share the proposal identifying complexities, inequities and inefficiencies in tax laws specific to an industrial sector or with broad implications aiming at securing a good tax system.

The valuable input will be carefully reviewed, and where appropriate, integrated seamlessly into the financial plan for 2026-27.

The business community is requested to contribute to the budget process by submitting your proposals by January 30, 2026, Director General Tax Policy Office added.

Copyright Business Recorder, 2026