Press Release
𝐅𝐞𝐝𝐞𝐫𝐚𝐥 𝐁𝐮𝐝𝐠𝐞𝐭 𝟐𝟎𝟐𝟔–𝟐𝟕: 𝐌𝐀𝐏 𝐂𝐚𝐥𝐥𝐬 𝐟𝐨𝐫 𝐒𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐚𝐥 𝐓𝐚𝐱 𝐑𝐞𝐟𝐨𝐫𝐦𝐬 & 𝐑𝐞𝐥𝐢𝐞𝐟 𝐟𝐨𝐫 𝐒𝐚𝐥𝐚𝐫𝐢𝐞𝐝 𝐂𝐥𝐚𝐬𝐬 (Click here to read more)
The Management Association of Pakistan has proposed a series of key fiscal reforms for the Federal Budget 2026–27, emphasizing the need for a stable, transparent, and investment-friendly tax regime to support economic growth and restore investor confidence.
MAP has recommended:
* Phased reduction in Super Tax to ease pressure on the corporate sector
* Tax relief for the salaried class, including increasing the taxable income threshold up to Rs. 1.2 million
* Reduction in income tax rates across salary slabs
* Restoration of investment and insurance-related tax credits
* Rationalization of withholding taxes and review of minimum tax provisions
* Broadening the tax base by bringing undocumented sectors into the formal economy
* Gradual reduction in GST from 18% to 15% to support consumers and businesses
MAP believes sustainable revenue growth can only be achieved through structural reforms, wider documentation, and policies that encourage investment, industrial growth, and business expansion rather than overburdening compliant taxpayers.
Since 1964, MAP has continued to serve as a leading platform for management excellence, corporate governance, leadership development, and policy advocacy in Pakistan.
MAP Elects New Executive Committee Members & Office Bearers 2021-2027
April 29, 2024, Karachi
The newly elected Executive Committee of the Management Association of Pakistan held its 599th Executive Committee Meeting on Monday, April 29, 2024, at a local hotel in Karachi. During this meeting, the following Office-bearers were elected, for the period 2024-2027: Senator Sarmad Ali – President, Mr. Abid Akber Vazir – Vice President, Mr. Khalid Zaman Khan – Honorary Secretary and Mr. Farrukh V. Junaidy – Honorary Treasurer.
Earlier, the Association held its 58th Annual General Meeting at a local hotel in Karachi and the following Executive Committee members were declared elected unopposed for the period 2024-2027: Mr. Abid Akber Vazir, Executive Director, Cherat Cement Company Ltd., Mr. Ahmed Zahid Zaheer, Country Chairman & GM, Chevron Pakistan Lubricants (Pvt.) Limited, Mr. Fahd Kamal Chinoy, CEO, Pakistan Cables Ltd., Mr. Farrukh V. Junaidy, Sr. Partner Junaidy Shoaib Asad Chartered Accountants, Mr. Humayun Akhlaq, CEO / Country President Schneider Electric Solutions & Services (Pvt.) Ltd., Mr. Khalid Zaman Khan, SEVP Group Head HR, Learning & Development, Meezan Bank Ltd., Mr. Muhammad Intesaruddin, Director, RG Blue Communications (Pvt.) Ltd., Ms. Saadia Naveed, Dy Managing Director, English Biscuit Manufacturers (Pvt.) Ltd., Senator Sarmad Ali, Group Managing Director & President Revenue, The Jang / GEO Media Group, Mr. Zubair Haider, CEO, Lumina Consulting Services (Pvt.) Ltd., Syed Ali Hasan Naqvi continues to be the Executive Director.
During the 58th AGM, the Annual Accounts of the Association and the report of the auditors and the
Executive Committee for the year ended December 31, 2023, were also approved.