MCCI lauds budget 2016-17

MULTAN: The business community of Multan on Saturday lauded the proposed federal budget for 2016-17 and govt’s move to restore the zero-rated regime for five export-oriented sectors in its annual budget and fulfilling its commitment.


President of Multan Chamber of commerce & Industry (MCCI) Fareed Mughis Sheikh, Senior Vice President, Atta Shafi Tanvir, Ex-Presidents Mian Mughis A Sheikh, Mian Iqbal Hassan, Khawaja Muhammad Yousaf, Ex President of FPCCI Mian Tanvir A Sheikh while talking to media persons at Chamber said the government’s announcement to restore the zero-rated regime to value-added textile, carpet, surgical, sports goods and lather trade was a positive step.

It would help increase the country’s export volume, besides healing the sufferings of businessmen associated with the sectors, MCCI officials added.

They described the budget as balanced, realistic and pro-industry. They added that the earlier completion of Lahore-Karachi Motorway project would also help bring the people of both provinces closer to each others. “It will provide jobs, farm-to-road connectivity and economic growth in Pakistan,” they added.