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KARACHI: Business leaders have called upon the federal government to avoid repeating policy mistakes that have damaged economic activity, weakened exports, discouraged investment, and undermined industrial competitiveness.
Businessmen Group (BMG) Chairman Zubair Motiwala and Karachi Chamber of Commerce and Industry (KCCI) President Rehan Hanif urged policymakers to incorporate the business community’s recommendations in the budget 2026-27.
In a joint statement, they said that the disappointing outcomes of several fiscal measures introduced over the past two years should serve as a cautionary lesson for policymakers.
They emphasised that many of these measures had been strongly opposed by KCCI well before their implementation. Unfortunately, those concerns were ignored, resulting in adverse consequences for businesses, exports, investment, employment, and revenues.
