FAISALABAD: Business community today welcomed the Finance Supplementary (Second Amendment) Bill 2019 and termed it as growth-oriented and people-friendly.
President Faisalabad Chamber of Commerce and Industry (FCCI) Syed Zia Alumdar Hussain said the government had put the national economy on right track by mobilizing available resources and facilitating industrialists and exporters.
He said that this was probably the first Bill which had been a blessing that had dispelled the apprehensions of different segments of the economy.
He said that the main focus of the government was on ease of doing business as interest rate had been trimmed for the industrial sector.
He also appreciated the measures for the promotion of agriculture, housing, and Small-to-Medium Enterprise (SME) sectors.
Mian Muhammad Idrees, former President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) also welcomed the Finance Bill and said the government had offered maximum relief within the present circumstances. “We hope it will generate much-needed economic activities in the country,” he added.
He said the focus of this government was on SME sector which would generate new job opportunities for the unemployed youth.
Vice President FCCI Engineer Ehtisham Javed said that being a PTI worker, he was proud of this Bill which was a people-friendly in real terms.
He also termed the Finance Bill a reform package and hoped that soon the people from every walk of life would harvest its fruits.
Chairman Pakistan Hosiery Manufacturers Association (PHMA) Kashif Zia also welcomed the Bill and said that it was a relief package for exporters.
He said the government announced the withdrawal of duty on export which would help promote trade activities in the country and Pakistan would make progress on fast track.
Chairman Pakistan Textile Exporters Association (PTEA) Khurram Mukhtar also welcomed the Finance Bill, terming it pro-people and business friendly.
He said the government had announced to establish special economic zones and this decision was a milestone for the promotion of business, trade, industrial and export activities in the country.
Appreciating the Finance Supplementary (Second Amendment) Bill 2019, he said that it had finished uncertainty in business circles whereas special economic zones would also help in the eradication of poverty from Pakistan.