Pakistan, June 4 -- Pakistan's business community has voiced mistrust over the upcoming FY27 budget, warning that export earnings could decline further under a tax-heavy policy framework. Industry leaders urged the government to adopt an export-led growth strategy instead of focusing primarily on ambitious revenue targets. The demands come days before the federal budget announcement, a key event for businesses, investors and taxpayers.

Speaking at a press conference in Karachi, FPCCI Senior Vice President Saquib Fayyaz Magoon said the private sector had submitted proposals aimed at accelerating exports and economic growth. He argued that Pakistan could raise annual exports to $50-60 billion if industries received competitively priced ene...