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Budget Focuses on Exports Growth as Government Promises Pro-Growth Policy

budget focuses on exports growth

Budget focuses on exports growth as the government prepares for June. Minister of State for Finance Bilal Azhar Kayani addressed the Karachi Chamber of Commerce on Saturday. He described Karachi as the heart of Pakistan’s business activity. The government commits to inclusive, consultative, and growth-oriented policymaking. Prime Minister Shehbaz Sharif and Finance Minister Aurangzeb lead this effort. Stakeholders nationwide will contribute to budget formulation.

Budget focuses on exports growth to break old boom-and-bust cycles. Pakistan historically relied on import-led growth without sufficient export expansion. That model failed repeatedly. The new approach anchors future prosperity in exports, productivity gains, and industrial competitiveness. The minister noted measurable macroeconomic stabilization since February 2024. Inflation management has improved. Tax collection shows progress. External account stability strengthens. The IMF program’s successful reviews boosted foreign exchange reserves.

Budget focuses on exports growth with nine working groups now active. The prime minister constituted these groups comprising experts from various sectors. They will develop targeted policy recommendations for long-term economic reforms. The groups aim to improve coordination between government and industry. Structural bottlenecks across key economic sectors will finally face addressing. Energy pricing adjustments follow global market trends. Reductions in international prices reach consumers directly.

The minister appreciated the business community’s proposals for the Finance Bill 2026-27. He assured careful review of all recommendations. Pre-announcing measures before formal presentation remains inappropriate. But consultations will genuinely incorporate stakeholder input. Export-led growth represents the only sustainable path forward. The government now walks that path.

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