Industrialists have urged the government to introduce major economic reforms ahead of the Budget 2026-2027. They are demanding lower interest rates, reduced energy costs, and a long-term textile policy.
Business leaders say the textile sector continues to face serious challenges. These concerns remain despite repeated promises in previous budgets. They believe urgent action is needed in the upcoming Budget 2026-2027.
Industrialists are calling for the interest rate to be reduced to a single digit. They argue that high borrowing costs are slowing down industrial growth. They also want a five-year textile policy to ensure long-term stability.
Textile mill owners in Faisalabad have highlighted ongoing issues. They are facing high electricity and gas prices. They also report heavy taxation and rising production costs. These challenges are affecting competitiveness in global markets.
According to industry representatives, lower energy tariffs are essential. They say Pakistan’s textile sector cannot compete with regional countries under current cost conditions. They have urged the government to take immediate steps in Budget 2026-2027 to address these concerns.
Exporters have also raised concerns about delayed refunds. They want the government to ensure timely payment of export-related dues. They believe delays are affecting cash flow and business operations.
In addition, industrialists have proposed a nine-point reform package. This proposal has been submitted to the Ministry of Finance and the Ministry of Commerce. It includes tax reductions, energy relief, and policy stability measures.
Business leaders say these reforms should be included in Budget 2026-2027. They believe consistent policies are necessary for long-term industrial growth. Without reforms, they warn that exports may continue to face pressure.
The textile sector remains Pakistan’s largest export industry. It plays a key role in employment and foreign exchange earnings. Industrialists say supporting this sector is critical for overall economic stability.
They also emphasized the need for a five-year textile policy. Such a policy, they argue, would help attract investment and improve planning. They want clear and predictable rules for businesses.
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As discussions continue, expectations are rising for Budget 2026-2027. Industrialists hope the government will address their concerns and introduce practical reforms. They believe timely decisions could strengthen the country’s industrial base.
