HomeWorldPakistanBusiness community calls federal budget disappointment - Newspaper

Business community calls federal budget disappointment – Newspaper

PESHAWAR: business community on On Friday, they said there were no relief measures announced for enterprises and industry in federal budget 2022-23 despite difficult and uncertain economic conditions in country.

Speaking at news conference here, Sarhad Chamber of Chamber of Commerce and Industry (SCCI) President Hasnain Khurshid Ahmad called budget very disappointing and prepared on dictation of International Monetary Fund. He said the federal budget was not growth-oriented.

Surrounded by the camera senior office-bearers including Imran Khan Mohmand, Javed Aktar, former President Faiz Mohammad Faizi, Association of Industrialists, Peshawar President Malik Imran Ishak, Executive Member Zahoor Khan and others, head of SCCI said that it was good what government proposed new measures to give help business community.

However, according to him, some of the initiatives proposed in in budget was not enough to wrap the sick economy and flourish industry and business.

Mr. Ahmad complained that their proposals were not taken into account in in budget.

The head of SCCI announced a 45 percent increase in electricity tariffs, increase in Prices of natural gas and mass hike in oil prices will hit industrial growthenterprises and economy. He said government should brought relief business community in in budget prosper business and industries to create more job offers.

Answering a question about announcement of exceptions on industrial power feeders, Mr. Ahmad welcomed the proposal and expressed his hope that it would be implemented. He also appreciated the alternative dispute resolution board for expediting tax cases.

Head of SCCI also welcomed the rejection off of regulatory responsibilities on more than 350 items.

Published in Dawn, June 11, 2022

Follow World Weekly News on

Derrick Santistevan
Derrick Santistevan
Derrick is the Researcher at World Weekly News. He tries to find the latest things going around in our world and share it with our readers.

Leave a Reply

Must Read