The measures proposed in the budget 2014-15 to promote foreign trade and attract investors especially from foreign countries are appreciable, said Pak-India Business Council (PIBC) Chairman Noor Muhammad Kasuri.
On Wednesday, he said the budget for the next fiscal year was a document which reflected strong commitment of the government to lead the country on the road to progress by controlling fiscal deficit, increasing exports and minimizing inflation.
He said a special focus had been laid on strengthening infrastructure facilities in the country and the government had proposed a number of development plans and schemes with huge allocation of funds in the budget.
“Better and developed infrastructure facilities are of highly importance to attract local and foreign investment because the investment creates job opportunities and also increase Gross Domestic Production (GDP),” he said.
The steps proposed in the budget reflected that the government had clear understanding of the economic issues faced by the country and also have vision to solve them, he said.
The PIBC chairman said steps had also been proposed in the budget to overcome the issue of energy shortage in the country.
