Founder President Islamabad Women’s Chamber of Commerce and Industry (IWCCI) Samina Fazil on Saturday said budget has proved to be a huge disappointment for the people. Masses were anticipating some relief in the budget but it inflicted misery and destabilized financial plans of the households which has shattered the faith of the masses in the leadership of PML-N. Speaking to female entrepreneurs, she said that the negative impact of the budget has started hurting masses, especially the poor and middle class. The government has burdened the common man while going back on its commitments, she said. Samina Fazil said that the budget is based on expectations while ambitious target will further weaken the private sector and choke growth. “Giving FBR access to the banking system will promote informal banking, corruption under invoicing and depression among the business community,” she observed. Speaking at the occasion, Dr Murtaza Mughal said that circular debt can only be tackled if the energy mix of the country is improved. The government’s education system remains dysfunctional while economic managers have made learning more costly which will hurt low and middle income groups, said Dr Mughal. This decision to impose taxes on private schools will augment dropouts and increase the number of child labour as poor parents will see no point in education. Budget is discriminatory to all the people of Pakistan except less than one per cent elite, he observed.