MULTAN: Budget 2018-19 was the first of its kind by any government offering relief for almost all sectors of life, said members and office bearers of Multan Chamber of Commerce and Industry (MCCI) here Friday.
MCCI members and office bearers who assembled at the MCCI to listen to the budget speech delivered by Finance Minister Miftah Ismail hailed the steps taken by the government for agriculture and allied industry.
President MCCI Malik Israr Ahmad Awan said keeping inflation up to only six per cent would be an uphill task, which, if materialized, would keep the prices in control and help maintain mark up at the low rate that would ultimately benefit industry, increase production and reduce unemployment.
He said the government had focused on education and health sectors and allocated huge funds for these sectors in the budget.
MCCI Vice President Khawaja Farooq appreciated the initiative of reducing duty on latest technology and electric cars and termed it as an environment friendly step. Moreover, reduction in taxes on vehicle charging machinery would lay foundation of a new business that would provide more means of earning to the people.
Asim Saeed of Pakistan Cotton Ginners Association (PCGA) hailed the initiative of offering relief to dairy and livestock and bringing ginning sector under the fold of Ministry of National Food Safety and Research instead of Textile Ministry.
MCCI Media Coordinator Khawaja Usman lauded establishment of agriculture support fund and tax relief offered to all the sectors.
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