Info minister invites opposition for Charter of Economy, defends proposed FY27 budget

ISLAMABAD: Information Minister Attaullah Tarar on Sunday invited the opposition to sign a Charter of Economy (Co E) and defended the federal budget 2026-27. Speaking on the floor of the National Assembly on Sunday, Tarar gave credit to the government for what he called “sagacious” economic policy. “It’s a friendly and relief-oriented budget for all,” he said, noting that the budget has proposed to abolish the super tax, which had been approved by Prime Minister Shehbaz Sharif. The information minister highlighted that revenue and foreign remittances had increased. Tarar urged opposition to appreciate the good decisions made by the government, particularly its efforts for peace in the Middle East. “Today the economy is on the right track,” he asserted. On June 12, the government presented the budget for FY27, announcing relief measures for the salaried, corporate, real estate and export sectors to revive struggling economic activity. While the government has placed greater emphasis on enforcement measures rather than introducing new taxes, it has proposed taxes on social media earnings and a fixed tax scheme for small traders and shopkeepers. Responding to Tarar in the NA, PTI leader Asad Qaiser said the PTI was willing to sign a Charter of Democracy to ensure an independent election commission and judiciary. He also accused the information minister of tarnishing the facts. “Has he (minister) read the letter that PTI wrote to the IMF? We have not written anything against Pakistan,” he said. Qaiser remarked that all the budgetary proposals “had come from” the International Monetary Fund (IMF). He contended that farmers in Punjab would suffer losses worth Rs2.2 trillion due to a lack of relief announced for the agricultural sector. He also claimed that 90 companies had exited Pakistan and halted their investments. The PTI leader also noted that Opposition Leader Mehmood Khan Achakzai had met with PM Shehbaz following their speeches in the NA. The NA on Saturday formall