Lahore, November 29, 2013 (PPI-OT): Chairman LCCI Committee on Traders Issues Muhammad Haroon on Friday termed the Prime Minister’s Package for revival of economy a step in right and desired direction and said that it would help revive faltering investment climate, create jobs and expand tax base.
In statement issued here, the LCCI Committee Chairman said that the decision to establish “Prime Minister’s Business Advisory Council” would ensure implementation of economic decisions to be taken on a quarterly basis.
This single step is enough to win business community heart as it was long standing demand of the private sector that they should be made part of economic policy decisions as policies made without due consultation of stakeholders fail to give true results.
Mohammad Haroon said that Prime Minister’s promise to restore integrity and respect of non-resident Pakistanis through legislation would enable them to play their role for nation-building. He said that Nawaz Sharif’s decision to grant MFN to India after due consultation with the businessmen is an ample proof that he believes in the promotion of regional trade but not at the cost of local businesses.
He said that announcement that the captive power plants will be treated as part of a green field project and the facility will also be available to low cost housing construction and livestock will help make country self-sufficient as far as electricity is concerned.
The Chairman of the LCCI Committee also hailed the decision to extend the deadline for filing tax returns to Dec 15 from Nov 30. He said that the facilities announced for the top tax payers would encourage the private sector to pay maximum in the national kitty.
For more information, contact:
Lahore Chamber of Commerce and Industry (LCCI)
Lahore -54000, Pakistan
Tel: +9242 111 222 499
Fax: +92 42 636 8854