FPCCI demands amendments in budget.

Lahore -- Federation of Pakistan Chambers of Commerce and Industry President Mian Anjum Nisar has termed the recently announced federal Budget 2020-21 as status quo and conventional budget, as the bureaucracy has tried to further accumulate its powers through this opportunity.

Moreover, the budget provided nothing to run the industry or sustain the country's exports in post-corona slowdown, besides putting adverse effect on the prime minister's policy to generate millions of jobs in the country.

Addressing a press conference here at PIAF Office, which was also attended online by the FPCCI office-bearers of Karachi and Islamabad offices, FPCCI president Mian Anjum Nisar called for amendments in budget before the approval of finance bill in the national assembly. He was flanked by the regional chairman Dr Arshad and LCCI former president Muhammad Ali Mian in the press briefing.

He said that the FPCCI's most of the suggestions were ignored and just few recommendations were incorporated in the budget. He said the mandatory CNIC condition for business transactions of Rs50,000 and above has been creating a lot of problems for the business community besides sending lot of money out of the economy. The government should have abolished this...