ISLAMABAD: Investment in energy sector, higher share of direct taxes and lower slab of indirect taxes, ought to be fucussed in upcoming budget for attaining key economic targets during fiscal year 2016-17.
Islamabad Industrial Area Association (IIAA) President Faridon Khattak on Sunday expressed the optimism that industries would be facilitated to the maximum in the next Federal Budget.
He said that the government should pay heed to industries and exports as country has the resources it needed to improve the economic conditions through these sectors.
He said export sector plays an important role in the economic uplift of a country.
He of the view that rules, regulations and procedures for export-oriented sectors should be made easier so that significant improvement of business and economic sectors, could be ensured in the country.
He said in order to bridge the gap between demand and supply of energy, maximum funds be allocated for construction of dams/reservoirs and tapping of Thar Coal.
"Although government is doing a lot in the energy sector but there is a dire need to complete the ongoing power project as soon as possible," he added.
He said that a number of sectors including infrastructure development, coal, energy, agriculture, livestock, textiles and pharmaceutical offer lucrative investment opportunities to foreign investors in the country.
He stressed the need of a proper and well-tailored marketing strategy in order to avail these opportunities.
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