The Economic Policy Business Development Think Tank has strongly recommended that the Super Tax should apply only to corporations with profits exceeding Rs 10 billion, and that withholding taxes on tax-filer property buyers be withdrawn to revive the real estate sector.
These proposals are part of the Budget Proposals for 2025-26, submitted by the Chairman of the Think Tank, Dr. Gohar Ejaz, under the title “Roadmap to Economic Stability & Export-Led Growth.”
Dr. Ejaz emphasized that industrialization must be Pakistan’s top priority. He proposed the establishment of Special Industrial Zones near major cities, equipped with full infrastructure and globally competitive energy rates. He added that for Pakistan to win in global markets, its industry must be cost-competitive.
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He criticized the Export Facilitation Scheme (EFS), calling it discriminatory against the domestic value chain in favor of imported products. This, he noted, has led to the massive closure of domestic industries, which must be protected.
He also urged the government to adopt a consistent 5-Year Industrial & Export Policy, stressing that predictability is key for investors.
To boost competitiveness, the Think Tank proposed:
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Interest rates at 6%
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Energy tariffs at 9 cents/unit for industries
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A 6% drawback of local taxes for exporters achieving over 10% YoY growth
Additionally, Dr. Ejaz recommended capping the maximum tax rate for salaried individuals at 20% to relieve pressure on the middle class and stimulate spending.
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Highlighting the role of construction, he said it supports over 50 allied sectors and employs millions, and should be declared a national priority sector.
He also demanded relief for the agriculture sector, noting that all major crops — wheat, cotton, sugarcane, and maize — have suffered. He stressed the need for research-driven productivity, lower input costs, and maximum returns for farmers.
“Agriculture is the backbone of our country,” Dr. Ejaz concluded.
