UBG sends 40 budget proposals to federal govt

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Islamabad

United Business Group (UBG) in the Federation of Pakistan Chamber of Commerce and Industry on Thursday sent a set of 40 growth oriented proposals for the upcoming federal budget 2021-22 which would help the government for accelerating the pace of economic activities in wake of pandemic of COVID-19 Pandemic.

Chairman UBG and President SAARC Chamber of Commerce and Industry Iftikhar Ali Malik in a statement said that Pakistan’s economy is passing through a challenging phase due to the outbreak of COVID-19 pandemic.

“The most impacted section of our society is the manufacturers, traders, retailers, importers and exporters and business community are in a distress and facing huge financial losses due to current emergency situation,” he added.

He said UBG in its budget proposals amid Covid-19 economic scenario suggested deferment of interest payments of the businesses for six months, grant of exemption from the payment of Sales Tax on imported plant, machinery.—APP

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