Budget FY2026-27: Traders assured of simplified tax scheme
- Traders say simplified taxation framework will help broaden tax net and improve trust between business community and tax authorities
The government has assured traders it will consider their demands for a simplified "Asan Tax Scheme" in the upcoming 2026-27 budget, aiming to broaden the tax net and foster a business-friendly environment.
- Traders' proposals for business-friendly regulatory measures.
- The "Asan Tax Scheme" for tax net expansion.
- Government's commitment to a business-friendly environment.
ISLAMABAD: The government has assured traders of considering their demands of introducing simplified tax scheme in the upcoming budget 2026-27.
Minister of State for Finance Bilal Azhar Kayani on Saturday met a delegation of the Markazi Tanzeem Tajran, Pakistan, led by its President Kashif Chaudhry to discuss the problems faced by traders.
During the meeting, the traders’ delegation presented a comprehensive set of proposals aimed at introducing business-friendly regulatory measures for the retail and wholesale sectors.
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The delegation also highlighted key bottlenecks in the existing taxation system and called for simplification of administrative procedures to encourage voluntary compliance with tax laws.
The traders stressed the need for an “Asan Tax Scheme” in the budget for fiscal year 2026-27, arguing that a simplified taxation framework would help broaden the tax net and improve trust between the business community and tax authorities.
According to officials the government’s ongoing consultations with stakeholders before the budget are aimed at ensuring a collaborative and inclusive approach to economic policymaking.
The delegation appreciated Prime Minister Shehbaz Sharif for initiating consultations with traders and acknowledged Bilal Azhar Kayani’s efforts in addressing issues faced by the business community.
Speaking on the occasion, Bilal Azhar Kayani reiterated the prime minister’s commitment to resolving traders’ problems and creating a business-friendly environment in the country.
He acknowledged the commercial sector’s vital role in promoting economic activity and generating employment opportunities.
The minister assured the delegation that all proposals from traders would be reviewed carefully to balance revenue generation and commercial growth and strengthen cooperation between the government and the business community.
Copyright Business Recorder, 2026
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