Pakistan, May 18 -- The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has submitted a series of proposals to the Ministry of Finance for the budget 2026-27, including major tax relief measures for salaried individuals and businesses.

Among the key recommendations is a proposal to reduce income tax rates for the salaried class by five per cent, lowering the maximum tax rate from 35 per cent to 30 per cent. The FPCCI has also proposed abolishing the nine per cent surcharge imposed on salaried taxpayers and increasing the non-taxable income threshold from Rs600,000 to Rs1.2 million annually. To encourage exports, the business body recommended restoring the Final Tax Regime for goods exporters, while also suggesting that t...