STAFF REPORTER
ISLAMABAD FPCCI’s Businessmen Panel SVP, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday said downward spiral has affected all the sectors therefore all of them including small and medium businesses deserve a stimulus. Revenue collection may not surpass Rs3500 billion against the initial target of Rs5500 billion as pre-pandemic estimates suggested a fall of Rs700 billion which will jump substantially after the emergency, he said. Mian Zahid Hussain said that now the revenue target has been revised to Rs3908 billion which is unachievable at best w hich has raised fears regarding another minibudget or harsh measures. Talking to the business community, the veteran business leader said that the government has pinned high hopes on labour intensive construction industry and the package has been designed with the consultation of the private sector having better exposure to the ground realities. The former minister noted that the interests of poor and middle-income group has been catered for in the package to some extent and builders, as well as buyers, have been given amnesty but sellers have been ignored
