HCSTSI Emphasizes Incentives For Private Business Institutions

HYDERABAD, (UrduPoint / Pakistan Point News - 20th May, 2019 ) :The President Hyderabad Chamber of Small Traders and Small Industry Muhammad Farooq Sheikhani has emphasized the need of maximum incentives to private business institutions and demanded high ups of the Federal government to frame comprehensive policy in this direction in order to avert of failure of these institutions.

In a statement here on Monday, the President HCSTSI said these private business institutions are leading sources of overcoming the issue of unemployment by providing job opportunities to youth in mills, factories and other areas of business activities.

However, he said that enhancement of taxes upon businessmen, these private business institutions are facing difficulties to continue providing jobs to unemployed persons. The rate of unemployment could reach at high scale if these institutions failed to survive, he said and appealed to Prime Minister, Advisor Finance and Advisor Trade and Industry to take notice of such situation and ensure provision of maximum incentives to business activities so that these institutions could continue shouldering responsibility of providing job opportunity to unemployed youth of the country.