KARACHI
\nPakistan Yarn Merchants Association (PYMA) Chairman Saqib Goodluck has termed the Federal Budget 2026-27 an \u201celitist budget,\u201d accusing the government of completely ignoring small and medium enterprises (SMEs) and failing to fulfill longstanding commitments made to the textile trade community.
\nIn a strongly worded statement, Goodluck said PYMA has repeatedly demanded the removal of discriminatory policies that grant privileges to manufacturers and the industrial sector while importers and traders. \u201cUnless this divide is eliminated, equal business opportunities cannot be ensured, and the gulf between trade and industry will only widen,\u201d he warned.
\nHe noted that PYMA had submitted detailed proposals to the government and the Federal Board of Revenue (FBR) ahead of the budget, urging measures to create a level playing field for all stakeholders. \u201cRegrettably, none of these proposals were considered, leaving traders disappointed once again,\u201d he added.
\nGoodluck criticized the government for neglecting the SME sector\u2019s pressing challenges and failing to address structural imbalances in the textile value chain.
\nHe pointed out that while fabric remains relatively cheaper, raw material and intermediate yarn are expensive, raising business costs and putting local traders under severe pressure.
\n\u201cThe budget neither reviewed the duty structure nor attempted to resolve fundamental issues undermining the competitiveness of the textile trade,\u201d he said.
\nThe PYMA chairman demanded that the government honor its pre-budget commitments, extend genuine relief to SMEs, and abolish discriminatory policies between manufacturers and traders. \u201cOnly by ensuring equal opportunities across all business sectors can Pakistan\u2019s economy and trade truly flourish,\u201d he concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"
KARACHI Pakistan Yarn Merchants Association (PYMA) Chairman Saqib Goodluck has termed the Federal Budget 2026-27 an \u201celitist budget,\u201d accusing the government of completely ignoring small and medium enterprises (SMEs) and failing to fulfill longstanding commitments made to the textile trade community. In a strongly worded statement, Goodluck said PYMA has repeatedly demanded the removal of […]<\/p>\n","protected":false},"author":2,"featured_media":551172,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-551157","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n