The business community has termed Budget FY25 a “tough one” for the business community, saying it will not boost much-needed growth in the economy. Reacting to the budget after it was presented by Finance Minister Muhammad Auranzeb on Wednesday, representatives of the business community said that the budget is IMF-friendly and will destroy businesses in the country. Meanwhile, President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh said that Budget FY25 “cannot be termed a business-friendly budget”. He added that the government had announced to collect Rs3700 billion in additional revenue (from last year) in the next fiscal but that the government had not said how this revenue would be collected. (The News)
13/6/2024