Industrialists term budget 2023-24 as business friendly

Noted industrialists from south Punjab believed the national budget 2023-24 carries provisions that can guide the national economy in the right direction.

Former President Multan Chamber of Commerce and Industry (MCCI) Khawaja Salahuddin told media persons that the budget has provisions for energy and agriculture sectors that can propel the economy to stability and onward to growth.

He specifically mentioned duty-free import of seeds and reduction in rate of interest as some proposals, vital for economic growth.

Former President MCCI and Dera Ghazi Khan Chamber Khawaja Jalaluddin Rumi said that the budget proposals can strengthen the national economy adding that positive reforms were proposed in agriculture and information technology that would create a conducive environment for investment.

He also lauded incentives for IT exports and raising minimum wages to Rs 32,000.

President Islamabad Chamber of Commerce and Industry (ICCI) Ahsan Zafar Bakhtawari Friday said that in the context of Pakistan’s current circumstances, it was impossible to give a budget better than this.

Talking to a private news channel, the President ICCI said that in the current budget, the government’s incentives to various sectors, including agriculture, IT, SMEs, overseas Pakistanis and education, the country would witness boom in foreign direct investment and remittances in the coming years. 

He further said that the export target of 30 billion dollars given in the budget was also achievable He further said that this budget would put the nation on the path of progress in the upcoming years.