Info minister invites opposition for Charter of Economy, defends proposed FY27 budget

ISLAMABAD: Information Minister Attaullah Tarar on Sunday invited the opposition to sign a Charter of Economy (CoE) and defended the federal budget 2026-27.

Speaking on the floor of the National Assembly on Sunday, Tarar gave credit to the government for what he called “sagacious” economic policy.

“It’s a friendly and relief-oriented budget for all,” he said, noting that the budget has proposed to abolish the super tax, which had been approved by Prime Minister Shehbaz Sharif.

The information minister highlighted that revenue and foreign remittances had increased.

Tarar urged opposition to appreciate the good decisions made by the government, particularly its efforts for peace in the Middle East. “Today the economy is on the right track,” he asserted.

On June 12, the government presented the budget for FY27, announcing relief measures for the salaried, corporate, real estate and export sectors to revive struggling economic activity.

While the government has placed greater emphasis on enforcement measures rather than introducing new taxes, it has proposed taxes on social media earnings and a fixed tax scheme for small traders and shopkeepers.

Responding to Tarar in the NA, PTI leader Asad Qaiser accused the information minister of tarnishing the facts.

“Has he (minister) read the letter that PTI wrote to the IMF? We have not written anything against Pakistan,” he said.

The NA on Saturday formally began a general debate on the federal budget for FY27, with lawmakers delivering lengthy speeches and mostly raising political and local issues rather than discussing the budgetary proposals.

On the opening day of the budget debate, Opposition Leader Mehmood Khan Achakzai criticised the government’s decision to freeze development allocations for the provinces.

More to follow ...