News Detail
Event Title: Senator Saleem Mandviwalla, Chairman Senate Standing Committee on Finance and Revenue presiding over a meeting of the committee at Parliament House, Islamabad
Event Date: 2026-06-16
Senate Finance Committee Concludes Fourth Consecutive Session on Finance Bill 2026-27; Recommends Export Relief, Tariff Reforms and Review of Electricity Fixed Charges
The Senate Standing Committee on Finance and Revenue, chaired by Senator Saleem Mandviwalla, continued deliberations on the Finance Bill 2026-27 during its fourth consecutive session at Parliament House, reviewing a wide range of fiscal, trade, industrial and taxation matters aimed at strengthening economic growth, supporting exports and addressing public concerns.
Federal Finance Minister Muhammad Aurangzeb attended the meeting along with senators, government officials, industry representatives and stakeholders from multiple sectors. The session focused on key budgetary proposals, economic reforms and measures aimed at promoting investment, enhancing competitiveness and supporting sustainable economic development.
The committee reviewed matters relating to export promotion and was briefed by representatives of the business community and relevant government departments. Participants discussed proposals aimed at facilitating exporters, improving the business environment and strengthening the country’s export sector. Following detailed deliberations, the committee recommended the inclusion of exporters under the Final Tax Regime and further rationalization of the tax framework to support export-led growth and enhance foreign exchange earnings.
The committee also examined taxation measures relating to education and charitable institutions. Members discussed proposals aimed at supporting educational access and reviewing existing tax exemption mechanisms. Following consultations with relevant authorities, the committee recommended amendments to the applicable legal provisions to ensure greater transparency, effectiveness and alignment with public interest objectives.
Officials briefed the committee on the National Tariff Policy 2025-2030, outlining the government’s strategy to enhance industrial competitiveness, facilitate trade and support long-term economic growth. The policy aims to gradually rationalize tariff structures, streamline duties and create a more competitive environment for domestic industry while supporting exports and investment. The committee welcomed the policy direction and emphasized the importance of ensuring a balanced and predictable framework for businesses.
The committee also reviewed issues relating to electricity billing and discussed public concerns regarding fixed charges. Members emphasized the need to safeguard consumer interests while ensuring the sustainability of the energy sector. In light of the discussion, the committee decided to seek a detailed briefing from the relevant authorities in a forthcoming meeting.
The meeting further reviewed developments relating to vehicle standards, industrial regulations and commercial vehicle imports. Officials informed the committee about ongoing efforts to strengthen regulatory frameworks, improve safety standards and align national practices with international benchmarks. The committee emphasized the importance of facilitating business activity, promoting transparency and ensuring effective implementation of regulatory policies.
The committee was also briefed on ongoing work relating to solar, mobile, auto and battery sector policies. Officials informed members that efforts are underway to develop comprehensive policy frameworks aimed at encouraging investment, promoting technological advancement, supporting local manufacturing and creating new economic opportunities.
Following detailed deliberations on various proposals and amendments under the Finance Bill 2026-27, the committee made a number of recommendations aimed at promoting economic growth, facilitating businesses, strengthening industrial competitiveness and enhancing public welfare.
The Senate Standing Committee on Finance and Revenue will continue its review of the Finance Bill 2026-27 in subsequent sessions as part of its ongoing commitment to ensuring effective legislation, fiscal responsibility and sustainable economic development.