Multinational and large local companies in Pakistan have urged the International Monetary Fund (IMF) to abolish the super tax and reduce corporate taxes gradually, as reported on March 1, 2026. The IMF review mission met with the Overseas Investors Chamber of Commerce & Industries (OICCI) and the Pakistan Business Council (PBC) to discuss these issues.
The PBC, representing 110 local and foreign firms, proposed key recommendations to revitalize Pakistan’s economy, including reducing corporate and sales taxes, abolishing the super tax, and rationalizing advance and withholding taxes. The PBC emphasized that the current tax structure disproportionately burdens compliant sectors.
Dr. Zeelaf Munir, Chairperson of the PBC, led a delegation to meet the IMF mission, headed by Iva Petrova and Mahir Binici, to discuss Pakistan’s shift from macroeconomic stabilization to sustainable, export-driven growth. The discussions highlighted the need for investment, productivity, and employment generation.
The PBC stressed the importance of broadening the tax base with stronger enforcement to include untaxed segments. Energy competitiveness and policy consistency were also discussed as critical factors for economic growth. The PBC urged that fiscal stabilization should support productivity-enhancing industries.
Published in SouthAsianDesk, March 2nd, 2026
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