The Pakistan Stock Brokers Association (PSBA) has welcomed the Federal Budget 2026-27, describing it as a balanced, growth oriented, and investor friendly budget that supports economic development and the expansion of Pakistan’s capital market.
In a statement issued on Monday, the association said several measures announced in the budget were broadly aligned with its recommendations aimed at strengthening the capital market and improving investor confidence.
The PSBA particularly appreciated the government’s decision to maintain the existing taxation framework for the stock market and avoid introducing any new taxes on investors. The association said the move addresses market concerns and speculation regarding additional fiscal measures, while providing greater certainty for both local and foreign investors.
According to the association, policy continuity and predictability in taxation are among the most important factors influencing investment decisions. It said the decision would reinforce market stability and encourage broader participation in the capital market.
The association also highlighted several budget measures that are expected to benefit listed companies and key sectors of the economy. These include support for the textile industry, the extension of the Final Tax Regime for the information technology sector for another three years, positive measures for the pharmaceutical industry, relief for the construction and energy sectors, infrastructure development initiatives, and a reduction in the super tax burden on the corporate sector.
The PSBA said these measures are expected to strengthen business growth, improve profitability, and support corporate earnings. It added that a stronger corporate sector ultimately contributes to a stronger capital market, which plays a critical role in promoting economic growth, mobilizing investment, and creating wealth.
The association also expressed appreciation to the Government of Pakistan, the Senate Standing Committee on Finance and Revenue, the Ministry of Finance, the Tax Policy Office, and the Federal Board of Revenue for engaging with stakeholders during the budget consultation process and considering industry feedback.
The PSBA said market participants and investors look forward to continued policy consistency and further reforms aimed at encouraging greater participation, improving economic documentation, and enhancing market depth.