{
  "id": 8338993,
  "title": "Govt urged to go for a balanced fiscal policy",
  "url": "https://urgent.news/2026/09/18/govt-urged-to-go-for-a-balanced-fiscal-policy",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-18T23:55:26.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40440224/govt-urged-to-go-for-a-balanced-fiscal-policy"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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,…",
  "key_points": [
    "Dr. Faisal Hashmi urges balanced fiscal policy for economy boost.",
    "Beverage industry invested USD3 billion in recent years.",
    "Balanced policy encourages compliant market players and FDI."
  ],
  "editors_take": "A balanced fiscal policy would enable the beverage industry to drive economic growth, create jobs, and attract foreign investment by providing a level playing field and equitable tax regime.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}