Federal Budget FY27 Consultations: PM Shehbaz Meets Corporate Tycoons as NEC Postpones Crucial Assembly

ISLAMABAD — In a major step toward shaping the country’s upcoming fiscal outline, Prime Minister Shehbaz Sharif held high-level consultative sessions with Pakistan’s leading industrial barons—including Mian Muhammad Mansha and Arif Habib—to finalize measures for the Federal Budget FY2026-27, now officially scheduled for presentation on June 10. While the business community strongly pressed for tax rationalization, digital export incentives, and faster refund mechanisms, the government prioritized bringing the informal sector into the tax net. Concurrently, the Cabinet Division announced the temporary postponement of the National Economic Council (NEC) assembly to allow for deeper structural adjustments before the final budget lock-in.