FPCCI Advocates Growth-Oriented Budget for Trade Sector

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has highlighted the significance of a growth-oriented budget for the trade and industry sector in the upcoming fiscal year 2024-25. The main focus of this budget is to promote export-led growth and implement tax reforms that will help broaden the tax base and boost business activities within the country.

FPCCI has stressed the need for the government to engage in thorough consultations with all relevant stakeholders, especially the business community, to ensure that the budget caters to the industry's requirements. The finalized budget proposals, which have been developed in collaboration with businesses across the nation, have been submitted to the concerned ministries for review and inclusion in the federal budget.

These proposed measures aim to tackle the key challenges faced by the trade and industry sectors, support business expansion, increase government tax revenues, and contribute to overall economic recovery. FPCCI has emphasized the importance of simplifying and revamping the taxation system through consultations with the actual stakeholders to achieve these objectives.

The Federation of Pakistan Chambers of Commerce and Industry's advocacy for a growth-oriented budget underscores the crucial role that fiscal policies play in driving economic development and supporting businesses. By prioritizing export-led growth and tax reforms, the proposed budget initiatives aim to create a conducive environment for business growth and economic prosperity in Pakistan.