President, Multan Chamber of Commerce and Industry (MCCI), Khawaja Salahuddin has said that over Rs 5800 billion revenue target for budget 2021-22 could be achievable by given the robust performance of large scale industries.
Addressing a press conference at MCCI last Friday evening, Khawaja hailed the budget as pro-people and commended the government’s commitment to spare common persons from any burden and tackle food inflation problem and price hike on a priority.
MCCI vice president Syed Iftikhar Ali Shah, chairman Taxation committee MCCI Younis Ghazi and secretary MCCI Muhammad Shafiq were also present.
Khawaja Salahuddin said that the government refused to increase in gas and power tariff and taxes on salaried class despite pressure from IMF.
He said that 10 per cent increase in salaries of employees and pensioners would help them manage family budget with a greater degree of ease.
He said that the export target of 29 billion dollars for 2021-22 looked in sight adding that letters of credit (LCs) worth three billion dollars have already been opened.
He hailed the government’s commitment to focus agriculture on priority and eliminate the role of middle men.
He, however, opined that the government should allow soft term loans to farmers on a very low mark up that is allowed to large scale industries to reduce or eliminate the role of middle men from agriculture economy and strengthen farmers financially. —APP