RCCI For Taking On Board Before Finalizing Budgetary Proposals For 2021-22
Muhammad Irfan Published April 20, 2021 | 05:03 PM
The Rawalpindi Chamber of Commerce and Industry (RCCI) has expressed the hope that newly appointed Federal Minister for Finance Shaukat Khan Tarin would take all stakeholders into confidence before finalizing budgetary proposals for the upcoming fiscal year 2021-22
RAWALPINDI, (UrduPoint / Pakistan Point News - 20th Apr, 2021 ) :The Rawalpindi Chamber of Commerce and Industry (RCCI) has expressed the hope that newly appointed Federal Minister for Finance Shaukat Khan Tarin would take all stakeholders into confidence before finalizing budgetary proposals for the upcoming fiscal year 2021-22.
RCCI President Mohammad Nasir Mirza, in a statement, asked the govt to reduce the electricity and gas prices to lower business costs as the country's economy was facing many challenges including the COVID-19 pandemic.
He asked the govt to provide interest-free loans on soft terms to the businesswomen, especially those who belonged to the cottage industry.
"A special Covid-19 concession package should also be announced for women," he said.
The tourism was severely affected and a package should be announced for this sector while the corporate tax rate should be reduced to 20%, he added.
Nasir said the sales tax rate should also be condensed to a single digit.
The president asked the government to form a task force for food security and special attention be given to agro-based industries. Like the construction package, a concessional package should be announced for other sectors including cotton as its production was affected badly, he added. "A new policy should be formulated regarding seed procurement, "he added.
Related Topics
Recent Stories
Rawalpindi woman gives birth to six babies
Kenya Army Chief Francis Ogola among nine others who died in Helicopter crash
Saudi FM’s visit positive, constructive one: FO
Hania enjoys vacations in London
IMF Officials assure support to Pakistan’s economy
Naqvi directs foolproof measures for protection of Chinese nationals
Israel carries out attack inside Iran, report US media
Saudi Assistant Minister of Defence calls on army chief
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 19 April 2024
Today Gold Rate in Pakistan 19 April 2024
Rock-solid Ruud racks up season-leading win in Barcelona
At UN, Iran says it will make Israel 'regret' reprisals
More Stories From Business
-
Tokyo's Nikkei index tumbles 3% in morning trade
1 hour ago -
Weekly inflation falls by 0.79 percent
1 hour ago -
IMF Officials assure support to Pakistan’s economy
2 hours ago -
Gold rates up by Rs 500 to Rs 250,700 per tola
2 hours ago -
Japanese auto giant Nissan cuts sales, profit forecasts
3 hours ago -
KPT shipping movements report
4 hours ago
-
Food exports grew by 48.17% in 09 months, reached $5.651 bln
5 hours ago -
Exchange rates for currency notes
7 hours ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 19 April 2024
8 hours ago -
Foreign exchange rates
8 hours ago -
Today Gold Rate in Pakistan 19 April 2024
9 hours ago -
Oil jumps more than 3% on Middle East worries
9 hours ago