Karachi, May 23, 2025 – In a move that could dramatically reshape Pakistan’s economic trajectory, the Association of Chartered Certified Accountants (ACCA) Pakistan has launched a groundbreaking Budget Proposal for fiscal year 2025–26.
Touted as a game-changing blueprint, the proposal lays out an ambitious yet practical roadmap to overhaul Pakistan’s tax architecture, champion transparency, and unlock long-term sustainable growth.
This isn’t just another routine policy paper. Drawing on over a decade of deep-rooted engagement in Pakistan’s fiscal reform process, ACCA Pakistan has marshaled the expertise of its Members’ Network Panel (MNP)—a powerhouse of finance professionals from leading firms and industries. The proposal also integrates cutting-edge research from ACCA’s globally acclaimed Professional Insights reports, including Tax as a Force for Good and Public Trust in Tax, giving it both local relevance and global gravitas.
“This is more than a tax document—it’s a strategic intervention,” declared Assad Hameed Khan, Head of ACCA Pakistan. “It reflects our members’ voices across Pakistan, grounded in real-world experience and inspired by international best practices.”
Echoing this vision, Aucky Pratama, Executive Director – Asia Pacific, ACCA, emphasized the proposal’s potential to ignite a wave of trust and opportunity: “Our budget recommendations aim to reshape Pakistan’s taxation system into a growth engine—fiscally responsible, economically empowering, and socially inclusive.”
Haroon A Jan, Head of Member Engagement at ACCA, stressed the importance of practicality: “This proposal was forged through the collective insight of our members in Pakistan, delivering reforms that are not only visionary but implementable.”
Highlights from the ACCA Pakistan FY26 Budget Proposal:
• Tax Law Simplification: Creation of an independent commission to declutter tax codes, inspired by the UK and India.
• Policy Certainty: A 3–5 year roadmap to stabilize tax policies and attract investors.
• Transparency & Trust: A digital Taxpayer Engagement Portal, modeled after systems in Canada and the UK.
• Equity & Fairness: Equal tax treatment for all citizens—whether salaried, self-employed, or sportspersons.
• Targeted Incentives: Relief for IT, AI-driven R&D, green ventures, and documented sectors.
• Digital Taxation 2.0: Broader e-filing mandates and AI-assisted audits, following models from Estonia and India.
• Dispute Resolution Overhaul: Restoring tribunal neutrality by bringing appointments under FPSC.
• Accountability Framework: A powerful, independent oversight body modeled on the U.S. TIGTA and Australia’s Inspector-General.
The proposal also highlights the Top 3 Reform Priorities:
1. Tax Law Simplification
2. Policy Predictability
3. Real Estate Valuation Reform
According to Rauf Ali Jan FCCA, Chairman of ACCA Pakistan’s MNP and Head of the Taxation Subcommittee, “This proposal underscores our intent to serve not just as advisors but as true partners in building Pakistan’s economic resilience.”
With this bold document, ACCA Pakistan has thrown down the gauntlet, challenging policymakers, institutions, and civil society to step up. The full proposal is now being disseminated to key stakeholders and promises to be at the heart of budget deliberations in the coming weeks.