ISLAMABAD: Federation of Pakistan Chamber of Commerce and Industry, (FPCCI), Thursday reposed confidence in prudent economic policies of Prime Minister Nawaz Sharif to put country on track leading to progress, prosperity and development.
FPCCI Chief Zakaria Usman told APP by telephone from Karachi that "we all office bearers of the federation, the presidents of its affiliated chambers and their attached trade associations are grateful to Prime Minister for acceding to their legitimate demands to maximum extent in the proposed budget for help boosting the slow paced industrialization process in the country besides strengthening the national economy".
He said they were also obliged to elected government of Pakistan Muslim League-(N) and especially Federal Finance Minister Ishaq Dar for taking first time traders into confidence before finalization the budget estimates.
He said that all out efforts were made in prevailing crunch to provide best possible monetary relief to the industry.
Zakaria refered to mark-up reduction in export re-finance and long term finance, introduction of special training to textile workers and local taxes drawback, revamping of sale tax regime and early payment of refund claims, high powered commission for devising mechanism on scientific lines to provide impetus to traders for manifold increase in exports.
He said at glance, the annual federal budget presented to the National Assembly on June 03 last by the Federal Finance Minister Ishaq Dar, was better in the given global economic recession.
Vice President SAARC Chamber of Commerce and Industry and veteran trade leader when contacted told APP by telephone from Lahore, that Federal Finance Minister had given categorical assurance that irritants and anomalies if any in the proposed budget, will addressed on the top priority.
He said that it was first time in history that more than 50 per cent representation had been given to private sector in the high powered 'Advisory Committee of the Planning Commission', headed by the Prime Minister.
He said now again, maximum business community and traders will be accommodated in the commission as proposed in the budget.
Iftikhar Ali Malik said that it was for first time that Federal Finance Minister in his budget speech acknowledged the co-operation of FPCCI and other trade association and organization in help proposing budgetary allocations, relief and concession.
He said that Federal Board of Revenue, Pakistan Trade Development Authority, all federal miniseries concerned and its attached departments have been directed to facilitate the FPCCI,its affiliated chambers, traders, importers and exporters to accelerate the economic activities in the country.
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