Staff Reporter
Islamabad
The Islamabad Chamber of Commerce and Industry has welcomed the relief package of Rs.75 billion announced by Federal Minister for Industries Muhammad Hammad Azhar for small businesses.
Business community termed it a very positive step that would provide crucial relief to these businesses in these difficult times when they were struggling for survival due to Covid-19 impact.
Muhammad Ahmed Waheed, President, Islamabad Chamber of Commerce & Industry said that relief package would benefit around 3.5 million small businesses affected by the lockdowns caused by Covid-19 and would help them in reviving business activities.
He said that government had also announced to give relief to businesses in payment of electricity bills, which was very encouraging decision as businesses with 5KW connections and industries with 70KW connections would not have to pay their bills for the months of May, June and July 2020. He said this would reportedly help 95% commercial connections and 80% industrial connections.
The ICCI president said that government has announced to provide another financial aid package to businesses in the next phase and stressed that government should finalize it in consultation with all stakeholders.
