Federal budget lays foundation for industrial growth: PFC CEO

LAHORE, (APP - UrduPoint / Pakistan Point News - 12th Jun, 2026) Pakistan Furniture Council (PFC) Chief Executive Officer (CEO) Mian Kashif Ashfaq on Friday welcomed the Federal budget 2026-27, describing it as a pragmatic and business-friendly budget aimed at promoting industrial growth, encouraging investment and strengthening export-oriented sectors.

Commenting on the federal budget, he said the government’s focus on economic stability, industrial expansion and support for small and medium enterprises (SMEs) would help restore business confidence and create new opportunities for entrepreneurs across the country. He said the measures announced in the budget reflected the government’s commitment to improving the business environment and facilitating productive sectors of the economy. The incentives for industry, he added, would contribute to higher manufacturing output and job creation.

Mian Kashif Ashfaq said that Pakistan’s economy had shown signs of recovery in recent months, and the budget sought to consolidate these gains through fiscal discipline, investment promotion and export enhancement measures.

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He particularly appreciated initiatives aimed at expanding the tax base, promoting digitization and encouraging documentation of the economy, saying such steps would improve transparency and strengthen revenue generation without placing an undue burden on existing taxpayers.

The PFC CEO stressed the need for continued support to value-added industries, including the furniture sector, to enhance their competitiveness in international markets. He said Pakistan possessed immense potential in furniture manufacturing and exports, which could be fully realized through innovation, modern technology and skill development.

He also welcomed allocations for infrastructure development and energy-sector improvements, adding that reliable utilities and efficient logistics were essential for reducing production costs and enhancing industrial productivity.

Kashif Ashfaq expressed the hope that the implementation of budgetary measures would further improve investor confidence, stimulate economic activity and place the country on a path of sustainable growth, exports and employment generation.