Budget of 2018-19 is balanced and industry friendly- MCCI Chief

MULTAN,April 28th:The Multan Chamber of Commerce and Industry (MCCI) has given a mixed reaction on the federal budget 2018-19 and termed the Budget 2018-19 as balanced budget under the present circumstances being faced by the country and appreciated the government of Prime Minister Shahid Khaqan Abbasi for considering the grievances of common masses and announced incentives for promotion of different sectors.They called for addressing the reservations of the business community in the National Assembly where the budget document would be debated. Addressing a press conference, MCCI President Malik Asrar Ahmed, flanked by  Vice President Khawaja Muhammad Farooq  said that some good announcements including limit enhancement for income tax exemption, removal of Regulatory Duty on important raw materials, increase in development budget, allocations for agriculture & livestock sectors and raise in pensions etc.have been made in the budget while there are also some lacunas that must be addressed. Former office-bearers and MCCI Executive Committee members including Mian Iqbal Hassan, Khawaja Muhammad Usman ,Aurangzeb Alamgir, Muhammad Younas Ghazi, Aasim Saeed Sheikh,Khawaja Muhammad Hussain and Mirza Ali Ahmed were also present on the occasion. Asrar Ahmed Awan said increase in allocations for water and power projects would help in getting rid of energy crisis.
Funds for infrastructure development would also attract foreign investment, he said and added that increase in defence budget was need of the hour as the country was facing security challenges. He also welcomed announcement for refunds, agriculture support fund and composite audit. Malik Asar said ‘As the first impression, it seems friendly budget. However, after going through the details of the budget and discussion, we shall be able to give business community’s reaction,
The MCCI President said no measure has been suggested to reduce deficit as over Rs.1600 billion has been allocated for debt servicing. Borrowing should not be the part of government policy to overcome the budget deficit.
He said that the best way to reduce the budget deficit is to promote economic growth as it will enhance government revenues. Malik Asrar Ahmed Awan said Kalabagh dam is also not a part of the budget, which means the country will not have a new big reservoir.

COMMENTS

Name

Accident Adventure Afghanistan Agriculture AID Airport Animals Army Arson Article automobile Banks belief birds Bureaucracy BUSINESS Calamity celebration charity Child Labour Child trafficking Christian civic Clash Climate collapse Commerce Communication Corruption Court Crime crimes culture currency Cyber crime Defence Department Derailment Development Development And Industry Devotees Diplomacy disaster Drugs Earthquake Economy Education Election Electricity Embassy Employment Energy Entertainment Environment Excavation Execution exhibition Explosion export Facility Family Famine Fashion felciation festival Finance fire flood Food Food/Agriculture food/health Foreigners Forests fraud Freight Fruit Fuel FUNERAL Hajj handicapped HANG Health Hiousing History Hotel Human Rights India Industry Infotainment int International internationl Investment journalist Judiciary justice Kashmir KIDNAPPING labour Landslide language Lawyers Legislation Leisure Lifestyle lightning literature Local Manifesto Media Medicines Migrants Minorities MIRACLE mis mishap mishaps Money Laundering Moon Murder n NAB Narcotics National Nature obituary Oppotunity Overseas pakistani Petroleum Pilgrims Police POLITICS pollution Post poverty power Prison prisoners Probe project Properties Protest Railway Religion relion Rescue Rivalry Science Seafood Security Sentence Services shemales Sikh Community smoking smuggling Social Social Media Social Welfare Space sports strike Students Suicide Suicide Attack Taxation Technology telecom Terrorism Tourism Trade Trade Union Traditions Tragedy Training transgender Transport Travel Tyranny Vacancies vehicle vendetaa Visa water Weapons weather wedding woman Women Working class youth
false
ltr
item
South Punjab News : Budget of 2018-19 is balanced and industry friendly- MCCI Chief
Budget of 2018-19 is balanced and industry friendly- MCCI Chief
Former office-bearers and MCCI Executive Committee members including Mian Iqbal Hassan, Khawaja Muhammad Usman ,Aurangzeb Alamgir, Muhammad Younas Ghazi, Aasim Saeed Sheikh,Khawaja Muhammad Hussain and Mirza Ali Ahmed were also present on the occasion.
https://2.bp.blogspot.com/-JjDtJAjpIRI/WuSybTdFFqI/AAAAAAAA6b8/EET5IyIhKmQI0nXMs0ttYMHOxHqQZh0XACLcBGAs/s640/bud.jpg
https://2.bp.blogspot.com/-JjDtJAjpIRI/WuSybTdFFqI/AAAAAAAA6b8/EET5IyIhKmQI0nXMs0ttYMHOxHqQZh0XACLcBGAs/s72-c/bud.jpg
South Punjab News
https://www.southpunjabnews.com/2018/04/budget-of-2018-19-is-balanced-and.html
https://www.southpunjabnews.com/
https://www.southpunjabnews.com/
https://www.southpunjabnews.com/2018/04/budget-of-2018-19-is-balanced-and.html
true
949454145819430215
UTF-8
Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy