KARACHI, Pakistan — The Pakistan Business Forum (PBF) has reiterated urgent calls for comprehensive tax reforms and energy sector restructuring to revive economic growth in the country’s agricultural and industrial sectors. In a statement released this week, business leaders welcomed recent government measures, including reductions in electricity tariffs for industries and lowered wheeling charges, describing them as positive but insufficient steps toward long-term economic stability.
PBF officials emphasised that sustained growth and competitiveness will require long-term policy stability, clearer regulatory frameworks, and tax incentives that encourage both domestic and foreign investment. According to the forum, short-term relief must be followed by structural reforms to strengthen Pakistan’s economic resilience amid ongoing fiscal challenges and revenue shortfalls.
In addition to energy and tax reforms, PBF members have called on the government to revisit the Super Tax following a recent constitutional judgment that questioned its legality. They argued that re-evaluating punitive taxes like the Super Tax will help reduce the regulatory burden on businesses, particularly those in export-oriented industries struggling with rising production costs.
The forum’s comments come at a time when Pakistan is grappling with sluggish economic growth, high inflation, and declining investor confidence. The private sector’s demands reflect broader concerns about policy predictability, the investment climate, and the need for collaborative measures between government and industry to spur economic revival.
Originally Published By: Business Recorder
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