Mini-budget To Serve As Catalyst For Improving Country's Economy: MNA Sadaqat Ali Abbasi

Member National Assembly, Sadaqat Ali Abbasi said mini budget announced by the government would prove as instrumental in improving economic situation in the country through boosting business sector

ISLAMABAD, (UrduPoint / Pakistan Point News - 24th Jan, 2019 ) :Member National Assembly, Sadaqat Ali Abbasi said mini budget announced by the government would prove as instrumental in improving economic situation in the country through boosting business sector.

Talking to ptv, he said the government would reduce tax ratio on Small Medium Enterprise(SME's) from 39 percent to 20 percent the incentives announced by the government will yield results within three months.

Replying to a question, he said the government is encouraging foreign investment by making it tax free who will invest for five years.

He lauded the efforts of Pakistan Tehreek e Insaf (PTI) government as it has set the direction for industrialization, exports, besides paving the way for those establishing small business enterprises across the country.

He said the shelter-less people could avail opportunity for building their small houses with soft loan facility, he added that present government had started focusing on those people who wanted to bring improvement in industrial and agriculture sector.

He was of the view that Pakistan is fragile for agriculture and industrial sector, he said that PTI government wanted to flourish these sides to achieve speedy progress.