ISLAMABAD: Small traders have lauded the stabilization agenda of the government which has resulted in IMF assessment that Pakistan will not require a new program once the present one ends.
Talking to Customs Today, Patron Islamabad Chamber of Small Traders Shahid Rasheed Butt said that the government should focus on large gaps in the implementation of structural reforms which are imperative to keep the country free of interference of foreign lenders, he added.
He said that serious efforts are needed to widen tax base and put burden of tax on all sectors according to their share in the GDP.
Butt said that government should not go for populist measures in the upcoming budget due to growing political crisis which has threatened political and economic stability of the country.
The macroeconomic position is good at the moment while forex reserves are stable and fiscal deficit seems to be well in control, he noted.
