Business Community, Economists Call Federal Budget People-Friendly

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People from different walks of life and economists have called the federal budget balanced and friendly.

Expressing their views on the budget, they said the budget would be helpful in overcoming inflation.

PML-N leader Shakila Luqman said the new government came to power only a month ago and successfully presented a people-friendly budget.

Economist Dr Noor Fatima said the government has not weighed down on ordinary people in the country; despite the urgent need to impose new taxes.

Prominent economist Dr. Aliya Hashmi called the budget balanced and said the IMF is against subsidies, but the government has provided targeted subsidies to poor segments of society.

Deputy Chairman of the Pakistani Joint Chamber of Commerce and Industry, Zia-ul-Haq Sarhadi, described the federal budget for the coming fiscal year as aid-oriented and balanced.

Expressing his reaction on the federal budget, Zia-ul-Haq Sarhadi appreciated the removal of taxes on the installation of solar panels which will help people cope with the wave of power outages as an effective substitute.

Read more: Govt presents Rs 9.5 trillion budget for 2022-23 financial year

The Karachi Chamber of Commerce and Industry has described the Federal Budget 2022-23 as pro-public and pro-business.

KCCI Businessmen’s Group Chairman Zubair Motiwala and KCCI Chairman Muhammad Idrees Memon in their statements welcomed the government’s announcement to pay all pending claims for duty refunds on local taxes and business community levies.

The Rawalpindi Chamber of Commerce and Industry has described the 2022-23 fiscal budget as balanced in a difficult economic environment.

RCCI Chairman Nadeem Rauf in his address after the budget speech said the fixed tax regime for small traders will increase the tax net.

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