The leaders of the UBG SM Munir, Zubair Tufail, Shahzad Ali Malik, Zafar Bakhtawari and Khalid Tawab in a Joint press statement issued Sunday have termed the Federal Budget 2022-23 as satisfactory.
“The federal budget announced by the Federal Finance Minister Miftah Ismail is a growth oriented and balanced which is prepared after a deep and well thought-out analysis, taking stocks of all ground realities and challenges being confronted by the country with the aim to boost its economic growth,” the UBG leaders said in a press statement Sunday.
They added, “The main focus of the maiden Budget – initiated by the newly formed coalition government – is on huge development in agricultural sector and providing relief to unprivileged masses.”
They appreciated the coalition government for taking difficult measures and decisions for an economic turn around, sustainable development and industrial boom to steer out the country from multi-faceted economic crises including stagflation like situation.
Moreover, they added that a hefty income tax relief is propsed to be allowed to hard pressed salary class by enhancing basic threshold of taxable salary from current Rs 0.6 million to Rs 1.6 million.
