Economic situation improving due to reduced duties.

KARACHI -- Chairman of National Business Group of FPCCI, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said a reduction in import duties on 152 items coupled with other positive steps are pushing economic activities.

More incentives are needed to spur growth otherwise the budget deficit will cross the target of seven percent to eight percent, he said.

Mian Zahid Hussain said that economic activities are better as compared to the last year but a reduction in taxes and incentives are needed while the ritual of continued hike in energy prices should be abandoned.

Talking to...