‘Taxation steps to stifle growth’
KARACHI: Leaders from the trade and industry sector on Thursday expressed that the federal budget has failed to restore investor confidence or provide significant support to the business community. They called on the government to remove harsh and anti-business taxation measures from the Finance Bill before it is passed in parliament.
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh stated the country needs a pro-business, investment-friendly and growth-oriented fiscal policy framework as the economy has stabilised and is poised for growth.
“The budget misses the measures needed to enable the business community to materialise the vision of the prime minister to achieve export-led growth,” he said, adding that sweeping discretionary authorities given to the taxmen would be........
© Dawn Business
