MIAN ZAHID WANTS BUDGET SHOULD NOT FOCUS ON ENHANCING REVENUE BUT GROWTH.

F PCCI's Businessmen Panel SVP, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said the budget-making process amid crisis will be a challenge for the government. The upcoming budget should be a traditional one but a modern document to provide some relief to the masses. It should not focus on enhancing revenue but growth rate so that large population of Pakistan could be saved from unemployment.

Talking to the business community, the veteran business leader said documentation of budget is important but reducing the cost of documentation is more important so that it can contribute to revenue, national development and creating of jobs. The former minister noted that decades of efforts have failed to strike a balance between expenses and income compelling rulers to carry a begging bowl. Now the old-fashioned style should be changed, the burden on masses should be reduced and direct taxation should be promoted.

He said that the old guard has done nothing for the welfare of the country which is still collecting half of its...