Business Community welcomes nomination, hails it as a step toward policy reforms
LAHORE: In a significant development for the business community, President of the Lahore Chamber of Commerce & Industry (LCCI), Mian Abuzar Shad, has been appointed as a member of the Federal Board of Revenue (FBR)’s Budget Anomaly Committee. The appointment has been warmly welcomed by trade bodies and business leaders, terming it a reflection of the private sector’s growing trust in his leadership.
Business representatives from various sectors have expressed hope that Mian Abuzar Shad’s inclusion in the important committee will enable effective representation of traders’ concerns*, particularly in addressing anomalies and unintended consequences in the Federal Budget 2025–26.
“The nomination of the LCCI President in the FBR’s Budget Anomaly Committee is not just an honor for the Lahore Chamber but also a positive step toward strengthening the consultation process between the government and the business community,” traders remarked. They said that this move would help *streamline business policies and resolve key taxation issues* being faced by industries across Pakistan.
LCCI Senior Vice President Khalid Usman also congratulated Mian Abuzar Shad on his nomination and stated,
“This appointment is a testament to the confidence the business community has in his capabilities. I am confident that Mian Abuzar Shad will raise the voice of the Lahore business community effectively at the federal level.”
He added that with the LCCI President in the committee, the concerns of Lahore-based businesses—particularly related to *taxation, documentation, refunds, and budgetary reforms—will be better heard and addressed.
The FBR’s Budget Anomaly Committee plays a vital role in identifying and rectifying unintended issues and inconsistencies that emerge in the federal budget proposals each year. Mian Abuzar Shad’s presence in the committee is expected to strengthen the bridge between policymakers and businesses, ensuring that industry-friendly policies are shaped and implemented.
The Lahore Chamber and its members expressed optimism that this representation would help in promoting transparency, accountability, and business-friendly taxation measures, ultimately benefiting the national economy.
