ISLAMABAD\u00a0 –\u00a0 Minister of State for Finance and Revenue Bilal Azhar Kayani on Tuesday chaired a consultative meeting with a delegation from Nestl\u00e9 Pakistan, led by its chief executive officer amid the government\u2019s ongoing stakeholder engagement process in the lead-up to the Federal Budget FY 2026\u201327. Senior officials of the ministry, including representatives from the Tax Policy Office, also attended the meeting.<\/p>\n
Meanwhile, a high-level delegation from Philip Morris International (PMI) called on the state minister at the Ministry of Finance to discuss the evolving economic landscape and the company\u2019s role in the national industrial sector. The delegation, led by President CIS and Central Asia Mr. Marco Mariotti, provided a comprehensive briefing on the organisation\u2019s substantial economic footprint and its contributions to Pakistan\u2019s export and tax base.<\/p>\n
The dialogue focused on the broader scope of economic cooperation and the necessity of maintaining a stable fiscal environment for large-scale international investors. Both parties discussed the importance of addressing sector-specific challenges to ensure the sustainability of national revenue and the continued viability of legitimate commercial operations. The delegation reaffirmed its support for government strategies aimed at strengthening market regulations and curbing informal trade practices.<\/p>\n
Minister Bilal Azhar Kayani emphasised the government\u2019s commitment to fostering a business-friendly climate that encourages foreign direct investment (FDI) and ensures a level playing field for all industrial stakeholders. He noted that the administration\u2019s focus remains on stabilising the economy through robust enforcement of trade regulations and the implementation of sustainable fiscal policies.<\/p>\n
The meeting concluded with a mutual resolve to maintain an active partnership. This ongoing engagement is expected to facilitate a more predictable regulatory environment, ultimately contributing to the long-term economic stability and growth of Pakistan.<\/p>\n
Discussions focused on the broader taxation framework, regulatory environment, and measures aimed at improving efficiency, transparency, and ease of doing business in the consumer goods sector. The potential impact of policy reforms on market functioning, documentation, and consumer welfare also came under consideration.<\/p>\n
The delegation shared its perspective on key sectoral challenges and offered input on policy approaches that could support improved compliance, streamline tax administration, and enhance transparency in pricing mechanisms. The discussion highlighted the importance of aligning fiscal measures with the objectives of strengthening revenue mobilisation while ensuring a conducive environment for sustainable business growth and consumer protection.<\/p>\n
The state minister appreciated the constructive engagement and reaffirmed the government\u2019s commitment to a consultative and inclusive approach to policy formulation. He assured the participants that their input would be carefully examined in the context of the upcoming budget, in line with the government\u2019s broader fiscal and economic priorities.<\/p>\n
The meeting concluded with a shared understanding on the importance of continued dialogue between the government and industry stakeholders to support informed policymaking and long-term economic stability.<\/p>\n","protected":false},"excerpt":{"rendered":"ISLAMABAD\u00a0 –\u00a0 Minister of State for Finance and Revenue Bilal Azhar Kayani on Tuesday chaired a consultative meeting…\n","protected":false},"author":2,"featured_media":60685,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[126],"tags":[33536,9247,23559,6656,199],"class_list":{"0":"post-60684","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-nestle","8":"tag-bilal","9":"tag-consultations","10":"tag-holds","11":"tag-minister","12":"tag-nestle"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116525468420354841","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/60684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=60684"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/60684\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/60685"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=60684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=60684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=60684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}