{"id":6746,"date":"2025-05-31T22:49:46","date_gmt":"2025-05-31T22:49:46","guid":{"rendered":"https:\/\/www.newsmakers.com.pk\/en\/?p=6746"},"modified":"2025-05-31T22:49:49","modified_gmt":"2025-05-31T22:49:49","slug":"no-budget-surprises-urge-tax-relief-export-push-business-community-warns-govt","status":"publish","type":"post","link":"https:\/\/www.newsmakers.com.pk\/en\/business\/no-budget-surprises-urge-tax-relief-export-push-business-community-warns-govt\/6746\/","title":{"rendered":"No Budget Surprises \u2013 Urge Tax Relief, Export Push; Business Community Warns Govt"},"content":{"rendered":"\n<p><strong>Date: 31 May 2025 | By: NewsMakers Desk<\/strong><\/p>\n\n\n\n<p>Top business groups have urged the government to deliver a predictable and growth-friendly budget, avoiding surprise taxes while focusing on export-led economic revival and relief for the salaried persons.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Key Demands from Business Leaders:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Tax relief for salaried individuals<\/strong>, including a cut in the <strong>18% GST<\/strong>, which they say encourages evasion.<\/li>\n\n\n\n<li><strong>Gradual phasing out of Super Tax<\/strong> and a <strong>reduction in corporate tax<\/strong> to ease the burden on businesses.<\/li>\n\n\n\n<li><strong>Broader tax base<\/strong> through proper taxation of <strong>trade, services, and agriculture sectors<\/strong>.<\/li>\n\n\n\n<li><strong>No new taxes<\/strong> on export-oriented sectors to keep Pakistani products globally competitive.<\/li>\n\n\n\n<li><strong>Policy consistency and stakeholder engagement<\/strong> in tax reforms to build investor confidence.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Strategic Focus:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Pakistan Business Council (PBC) wants incentives for exports and local production to help manage the <strong>fiscal deficit<\/strong> and <strong>increase defence spending<\/strong> through higher earnings.<\/li>\n\n\n\n<li>Overseas Investors Chamber (OICCI) calls for rationalising taxes in line with regional norms and promoting <strong>policy stability<\/strong>.<\/li>\n\n\n\n<li>FPCCI and KCCI stress the need for a <strong>transparent tax system<\/strong>, <strong>export-friendly policies<\/strong>, and support for the struggling <strong>SME sector<\/strong>.<\/li>\n\n\n\n<li>SITE Association urges a <strong>15% sales tax target<\/strong>, <strong>reversal of recent tax law changes<\/strong>, and <strong>restoration of zero-rated status<\/strong> for export sectors.<\/li>\n<\/ul>\n\n\n\n<p>The overall message is clear: <strong>Ease the tax burden, broaden the net, boost exports, and ensure consistency.<\/strong> Business leaders warn that ignoring these steps could hamper economic recovery and investor trust.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Date: 31 May 2025 | By: NewsMakers Desk Top business groups have urged the government to deliver a predictable and growth-friendly budget, avoiding surprise taxes while focusing on export-led economic revival and relief for the salaried persons. Key Demands from Business Leaders: Tax relief for salaried individuals, including a cut in the 18% GST, which &hellip;<\/p>\n","protected":false},"author":1,"featured_media":6747,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-6746","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>No Budget Surprises \u2013 Urge Tax Relief, Export Push; Business Community Warns Govt<\/title>\n<meta name=\"description\" content=\"Top business groups have urged the government to deliver a predictable and growth-friendly budget, avoiding surprise taxes while focusing on export-led economic revival and relief for the salaried persons.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.newsmakers.com.pk\/en\/business\/no-budget-surprises-urge-tax-relief-export-push-business-community-warns-govt\/6746\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"No Budget Surprises \u2013 Urge Tax Relief, Export Push; 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