Business community applauds govt for showing clear intent of promoting industrialization.

Lahore -- Removal of the reservation of business community Federal Budget 2020-21 would pave way for collective efforts to cope the ongoing and post-COVID-19 economic challenges.

It was upshot of the speeches delivered at Post Budget 2020-21 session at the Lahore Chamber of Commerce and Industry. The seminar, which was jointly organized by the LCCI and Lahore Economic Journalists Association, was chaired by the LCCI President Irfan Iqbal Sheikh while Vice President Mian Zahid Jawaid Ahmad and LEJA President Ashraf Mehtab also spoke on the occasion.

The speakers said that various measures have been proposed in the Federal Budget 2020-21 which can have a profound impact on our Economy and Businesses. Government did well by presenting the Budget 2020-21, in really challenging times when our economy has been adversely impacted by the COVID-19 outbreak.

'The business community applauds the government for showing clear intent of promoting industrialization in the country because in the budget, custom duty has been reduced on 40 raw materials of various industries...