Finance Minister Muhammad Aurangzeb held separate consultations with insurance and mutual fund representatives on Monday. The meetings formed part of pre-budget discussions for fiscal year 2026–27. The talks focused on taxation, savings mobilisation, and regulatory reforms. Officials said the aim is to strengthen Pakistan’s financial sector and economic stability.
During the meeting with the Insurance Association of Pakistan, the minister welcomed industry proposals. He stressed the importance of continued dialogue with key financial sectors. The delegation raised concerns over taxation consistency and regulatory clarity. It also highlighted the need for predictable policies to support sector growth.
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The insurance sector proposed restoring tax incentives to encourage policyholders and long-term savings. It also suggested measures to increase insurance penetration among salaried individuals. Participants discussed improving alignment between tax laws and regulatory frameworks. Aurangzeb assured that proposals would be reviewed in the upcoming budget process.
In a separate meeting with the Mutual Funds Association of Pakistan, discussions centred on savings and capital markets. The finance minister acknowledged the sector’s role in mobilising savings and supporting investment growth. The delegation stressed regulatory improvements and expansion of investment products. It also called for greater retail participation in mutual funds.
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Both meetings emphasised strengthening Pakistan’s savings ecosystem and financial inclusion. Aurangzeb said the government aims to balance growth with fiscal stability. He reiterated support for a stronger asset management industry. Officials said the proposals will be considered during final budget formulation.