Govt urged to go for a balanced fiscal policy
ISLAMABAD: While appreciating policy interventions through Finance Act 2026, a top official of a leading multinational beverage company has strongly proposed a balanced fiscal policy to incentivize compliant, formal market players and bring the large informal sector under regulatory oversight and the documented regime. Addressing the “Leaders in Islamabad Business Summit 2026,” Dr Faisal Hashmi,…
Dr. Faisal Hashmi, Senior Director and Chairman of the Beverages Advisory Foundation at The Coca-Cola Company, has urged the government to adopt a balanced fiscal policy to bolster the economy. Appraising recent policy interventions through the Finance Act 2026, Dr. Hashmi expressed gratitude for the government's efforts. He highlighted that the beverage industry has invested around USD3 billion in recent years, and the sector can significantly contribute to economic growth.
Dr. Hashmi emphasized that a level playing field and an equitable tax regime are crucial for the industry's expansion through transparent tax compliance, high-quality production standards, and job creation. He proposed a balanced fiscal policy that encourages compliant, formal market players and brings the large informal sector under regulatory oversight.
Establishing a predictable, stable, and transparent regulatory landscape could attract foreign direct investment (FDI) and promote sustainable growth in the beverage sector.
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