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Business & Finance

Business leaders say…: FY22 budget be declared ‘relief and rescue budget’

KARACHI: Businessmen Group (BMG) Chairman & former KCCI President Zubair Motiwala and KCCI President Shariq ...
01 Apr 2021

KARACHI: Businessmen Group (BMG) Chairman & former KCCI President Zubair Motiwala and KCCI President Shariq Vohra Wednesday said that uncertainty continues to prevail in the country as the COVID-19 pandemic still remains largely active and the overall situation, which was already very challenging, has been worsening day by day.

It seems that the third spell of the deadly virus was more dangerous as it has triggered a lot of anxiety amongst various businesses therefore, the next budget has to be declared as a “Relief & Rescue Budget,” they added.

Welcoming the appointment of Hammad Azhar as Federal Finance Minister, they said that the business & industrial community of Karachi highly appreciates and fully supports Prime Minister’s prudent decision and hopes that the newly appointed Finance Minister would take necessary practical steps to deal with some of the major economic crises being faced by the country.

They pointed out that Hammad Azhar will have to devise effective strategies on war-footing basis to deal with the menace of inflation which has terribly affected the lives of entire population, besides taking practical steps to bring down the exorbitant cost of doing business.

Copyright Business Recorder, 2021