ISLAMABAD: Islamabad Chamber of Commerce & Industry (ICCI) has welcomed the budget proposals 2017-18, and congratulated the Federal Finance Minister Senator Ishaq Dar.
While taking with Customs Today, President Islamabad Chamber of Commerce Khalid Iqbal Malik declared it business friendly budget and said these budget proposals will put positive effects on Pakistan’s economy.
It is welcome sign that ten thousands mega watt electricity will be added and ultimately Pakistan industry would be benefitted. More companies will come, in last year Financial year (2015-16) 3500 companies had been registered and this year 5800 companies has been registered, so the difference is clear.
Government has given tax concessions to Information Technology and agriculture sectors it is encouraging sign. He said I have expected that more industry will be established and employment opportunity will be generated. I believe that now Economy of Pakistan is on right track and present government deserve for this credit.
Vice President of Islamabad Chamber of commerce Tahir Ayub said it is fifth consecutive budget of present government though finance minister speech seems good but we will wait and see how government implement these proposals. Government facilitating tax payers and encircled around non filers but how this will be implemented this was not stated in the budget proposals. Finance minister has not explained that how government would broad tax base, it is real Issue.
We appreciate that government is pay attention on the improvement of infrastructure, this is very important for the betterment and the development of the industry. Member of executive committee ICCI Ms. Nasira Ali (Naina ) said it is out of my mind that how this budget can be a business friendly, when we targeted Asian countries except Afghanistan, if u see the Nepal, Bhutan or even Bangladesh , their businessmen are enjoying tax replies. They have tax relief colonies. Even for the women empowerment these countries are giving special tax reliefs to women. She questioned what kind of reliefs are giving in imports or exports. ICCI senior executive member Shaukat Ali said government has announced tax relief measures for poultry, IT Industry and some other sectors. I think tax relief is very important for IT sector we can increase our exports trough this measure. It is expected that many Chinese companies want to invest in IT sector. I viewed that government has announced these relief measures for those Chinese companies. He said new ventures may be brought in to the country through tax reliefs.
