FPCCI terms Federal Budget 2022-23 as balanced.

LAHORE -- Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Irfan Iqbal Sheikh on Friday termed the Federal Budget for FY-2022-23 as balanced in the prevailing economic situation.

Addressing a press conference at a local hotel, the FPCCI President, accompanied by FPCCI Regional Chairman Muhammad Nadeem Qureshi, former presidents Mian Anjum Nisar, Muhammad Ali Mian and others, said that the federal government had accepted the major demand of the FPCCI.

He welcomed the elimination of sales tax on seeds and said that fix tax imposed on retailers was a long standing demand of FPCCI, adding that this initiative would enable the government to enhance its tax revenues.

He further said that the proposal of FPCCI for Import Advance Payment Adjustment had also been incorporated in the budget document. He stressed the need for bringing more people into tax club.

Irfan Iqbal also welcomed the abolishment of sales tax on solar energy equipment, arguing that this would also help overcome the energy crisis in the country.

He mentioned that...

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