LAHORE: Warning that an increasing number of businesses are shutting down due to mounting economic pressures, the Pakistan Business Forum (PBF) has called on the government to present a growth-oriented, business-friendly federal budget to restore investor confidence.

Speaking to Dawn, PBF chief organiser Ahmad Jaw­ad proposed several measures for economic growth.

“The upcoming budget should prioritize sustainable economic growth over new taxes and provide a clear roadmap for restoring investor confidence,” he said, adding that the cost of doing business in Pakistan was over 34 per cent higher than in many regional countries, which undermined the competitiveness of local industries.

The PBF leader appealed to the government to broaden the tax base instead of imposing additional taxes on the existing taxpayers.

Warns of business closures amid lopsided taxation, higher costs

A fair fixed-tax regime for the country’s nearly four million retail shops could generate over Rs400 billion annually while improving economic documentation, he said.

He also called for lower electricity and gas tariffs, arguing that affordable energy was critical for business productivity and viability.

Currently, businesses were struggling with rising operating costs and growing uncertainty, he said while seeking urgent measures to prevent further closures and support investment and job creation.

Appealing to the finance minister, Mr Jawad said the budget should instill confidence among businesses and public alike. “The budget should send a strong message that Pakistan is an attractive destination for business, investment and economic growth.”

Published in Dawn, June 1st, 2026