Pakistan, June 21 -- The Federation of Pakistan Chambers of Commerce and Industry's (FPCCI) Businessmen Panel (BMP) has urged the government to revisit its revenue-generation strategy and adopt a more balanced fiscal framework that supports economic growth, industrial expansion and investment while ensuring macroeconomic stability. The panel expressed concern that the growing dependence on indirect taxation, particularly the petroleum levy, is increasing the cost of doing business, accelerating inflationary pressures and reducing the competitiveness of Pakistani industries.

FPCCI former president and BMP Chairman Mian Anjum Nisar said that Pakistan's economy has undergone a prolonged stabilization phase over the last several years, but t...