ISLAMABAD (special crosspondent) – Advisor to the Finance Minister, Mr. Khurram Schehzad, convened a meeting with the leadership of the Pakistan Business Council (PBC) on August 11, 2026, at the Finance Division to deliberate on strategic measures for fostering investment, bolstering private-sector participation, and accelerating the government’s comprehensive structural reform agenda.

Economic Reform and Privatization Initiatives

The dialogue focused on the government’s ongoing privatization programme, the systematic restructuring of State-Owned Enterprises (SOEs), and the intentional reduction of the government’s footprint in commercial sectors. Key discussions centered on the planned divestment of power distribution companies (DISCOs), financial institutions, and airports, with a primary emphasis on enhancing operational efficiency, attracting foreign and domestic capital, and upgrading service delivery standards through private-sector engagement.

Capital Market Expansion

In a significant development, the attendees examined the potential for introducing major public-sector entities, such as the State Life Insurance Corporation (SLIC), to the capital markets via Initial Public Offerings (IPOs). It was noted that such initiatives would likely bolster corporate governance, transparency, and operational efficiency, thereby aligning with the broader vision of a market-led economic framework as reflected in recent reports such as the State Bank of Pakistan Monetary Policy Report.

Rightsizing and Fiscal Policy

The PBC delegation reaffirmed its support for the government’s rightsizing objectives, advocating for a leaner and more efficient public sector. The council committed to providing detailed recommendations on SOE restructuring and economic policy to assist in long-term growth. Furthermore, the meeting addressed tax rationalization, with both sides stressing the necessity of a predictable, transparent, and competitive tax regime. The PBC leadership specifically lauded the policy shifts in the Federal Budget FY27, which prioritize broadening the tax base over merely increasing the burden on existing taxpayers.

Consultative Future Engagement

Mr. Schehzad praised the PBC’s proactive stance, emphasizing that constructive engagement between the state and the business community remains vital for investor confidence. Both parties concluded by affirming that consistent, high-level dialogue is essential to sustaining the reform process, improving the national business environment, and achieving long-term economic stability. For further insight into institutional efforts, see our report on the Appointment of Judges to High Courts.