PBIF chief concerned at delay in refunds to export sector

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain, has expressed concern that the non-payment of refunds has pushed export sector to the deathbed while energy tariff has also become a matter of concern.

He said the business has becoming difficult for exporters while the eroded buying power of masses and interest rates have also damaged masses and the business community while mini-budget will be a last nail in their coffin. The prime minister should take urgent steps to boost exports to bail out the country from an economic crisis, he demanded.

Expressing concern, he said revenue target for the month of November has been missed which will lead to harsher tax collection drive and a mini-budget. The masses and the business community is worried about the more harsh measures to boost collection which will leave many businesses reeling, he said. He said the continued hike in power tariff has emerged as a threat to economic activities while the recent reduction in petrol price by 25 paisa is insignificant.