ISLAMABAD: Minister of State for Finance and Revenue, Bilal Azhar Kayani Tuesday assured Nestlé Pakistan that the next federal budget (2026-27) would introduce fiscal measures to ensure a conducive environment for sustainable business growth and consumer protection.
Minister of State for Finance and Revenue, Bilal Azhar Kayani, chaired a meeting with a Nestlé Pakistan delegation led by Chief Executive Officer (CEO) Jason Avanceña, Chief Financial Officer Maqsood Anujm and Head of Corporate Affairs & Sustainability Sheikh Waqar Ahmad at the Ministry of Finance here on Tuesday.
The representatives from the Tax Policy Office also attended the meeting.
The meeting was part of the government’s ongoing stakeholder engagement process in the lead-up to the Federal Budget FY 2026–27. Discussions focused on the broader taxation framework, regulatory environment, and measures aimed at improving efficiency, transparency, and ease of doing business in the consumer goods sector. The potential impact of policy reforms on market functioning, documentation, and consumer welfare also came under consideration.
The delegation shared its perspective on key sectoral challenges and offered input on policy approaches that could support improved compliance, streamline tax administration, and enhance transparency in pricing mechanisms. The discussion highlighted the importance of aligning fiscal measures with the objectives of strengthening revenue mobilisation while ensuring a conducive environment for sustainable business growth and consumer protection.
The Minister of State appreciated the constructive engagement and reaffirmed the government’s commitment to a consultative and inclusive approach to policy formulation. He assured the participants that their input would be carefully examined in the context of the upcoming budget, in line with the government’s broader fiscal and economic priorities.
The meeting concluded with a shared understanding on the importance of continued dialogue between the government and industry stakeholders to support informed policymaking and long-term economic stability.
Copyright Business Recorder, 2026
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