The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and SAARC Chamber of Commerce and Industry on Tuesday termed the tax-free Punjab budget for year 2013-2014 as pro-poor, balanced, development and growth-oriented.
FPCCI President Zubair Ahmad Malik and Vice President of SAARC Chamber of Commerce and Industry, Pakistan chapter and veteran trade leader Iftikhar Ali Malik greeted Chief Minister Shahbaz Sharif for presenting a tax-free annual budget by focusing on the promotion of quality education and provision of specialised medical treatment to poor strata of society besides special allocation of funds for rapid development in every sector of life.
They said existing industrial estates and Punjab Small Industrial Estates must be made functional with the provision of basic infrastructure. They said the period of tax holiday be extended to all industrial estates for another 10 years to attract more foreign and local investors.
They added the relief cushion would provide an impetus to industrial growth while establishment of more new industrial zones would help accelerate the pace of industrialization across the provinces. Industrial estates will generate plenty of job opportunities for skilled and unskilled youths and help alleviate poverty from society.
