Govt lauded for business-friendly budget

Govt lauded for business-friendly budget


APP June 13, 2021
The minister said that macroeconomic stabilisation has taken roots during the past over two years and both current accounts and the primary budget were in surplus. PHOTO: FILE

PESHAWAR:

Peshawar Chamber of Small Traders and Small Industries (PCSTSI) President Mohammad Adnan Jalil on Saturday appreciated the federal government for presenting a business-friendly budget despite limited available resources.

Commenting on the fiscal budget 2021-22, he said that in the present scenario, the government had little margins but it gave incentives in almost every sector including construction industry. Jalil added that reduction in duty on motorbikes and sales tax on small cars would provide considerable relief to the common man as the prices of automobile would come down.

Similarly the government withdrew withholding taxes and reduced sales taxes in different sectors which were good steps. He urged the government to consider recommendations of the business community especially SME sector chambers to achieve 6-7%real term growth during the fiscal year.

Published in The Express Tribune, June 13h, 2021.

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