![]() ![]() Processor: Intel quad core 2.6GHz or AMD quad core 2.6GHz Operating System: Windows 7 SP1 64-bit / Windows 8.1 64-bit / Windows 10 64-bit Interface Language: English, German, Spanish, Italian, FrenchĪudio Language: English, German, Spanish, Italian, French ![]() Steam User Rating: 72% of user reviews are positive (based on 37 reviews) Published in Dawn, May 14th, 2023 Now you can follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.Genres/Tags: Managerial, Strategy, Isometric, 3D “There is a need to incentivise industrialisation, export substitution and revival of sick units and make all economic policies in consultation with real stakeholders,” he stressed.Īll political parties must sign a national economic agenda and plan for the next 15 years to ensure the continuity of economic policies and protect it from political meddling, he remarked. ![]() The government should also encourage remittances by bridging the exchange rate gap between banking channels and open markets and protecting the assets of overseas Pakistanis. textiles, IT, leather, sport and surgical goods) in electricity and gas tariffs, making it competitive through regionally competitive energy tariff (RCET) mechanism to manage exports earnings due to dearth of dollars. One is simplification and broadening of the tax base rather than squeezing the existing taxpayers and harassment of the business and industry and secondly, targeted subsidies to the five export-oriented sectors (i.e. Mr Irfan maintained that the only solution that can steer Pakistan out of the crisis is indigenous with few basic principles. He observed that the government was making its budget based on a resumed IMF programme but, given the fluid circumstances, it now has to make major adjustments in the budget within the short period of three weeks. He emphasised that the government’s economic and financial team must be crystal clear now that the IMF programme is not going to materialise before the upcoming budget. “This is unfair and unethical and the international community must take notice,” he added. Mr Irfan expressed his shock that IMF has resorted to arm-twisting as it has raised - for no reason - the external funding requirement from $6 billion to $8bn. “Budget-making is the opportunity where we can have meaningful course correction based on ground realities, regional and global business environment and national interest,” he remarked. The apex chamber wants to present and discuss its proposals on industrial, trade, shipping and transportation, taxation, SME, agriculture, IT, monetary and fiscal policies with the government. He, however, invited Mr Dar to visit the FPCCI and meet the business leaders to take stock of their proposals vis-à-vis the upcoming federal budget and also listen to their issues, apprehensions and recommendations. While showing his concerns, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Irfan Iqbal Sheikh said the government has not yet started the consultative process with the business community in general and the apex body in particular. Mr Riazuddin said the government has only asked the business community during February in writing to send their pre-budget proposals but no face-to-face discussions with Mr Dar and his team including the Federal Board of Revenue (FBR) chairman have so far been held. He told Dawn that the businessmen have also not seen any “budget strategy framework” which was previously shared by the governments almost four months ahead to review the outline of the budgetary measures. Says Dar has not held any meetings with industry leaders We do not know whether the budget will be made on IMF dictation or the government is undertaking this exercise independently,” he observed. The Site chief recalled that in previous regimes, Mr Dar used to hold day-long deliberations with the trade and industry bodies by terming it a “grand finale” ahead of the budget announcement. Site Association of Industry (SAI) president Riazuddin told Dawn that traditionally successive governments used to engage the business community in the budget-making process by holding consultative sessions with apex chambers, businessmen, industrialists, etc. KARACHI: Contrary to past practices, Finance Minister Ishaq Dar has not approached trade and industry leadership for taking their input for the upcoming budget to be unveiled on June 9.Īs less than a month is left, business leaders have deplored that the PDM government has not invited them for any consultative sessions to incorporate their proposals in budget 2023-24, fuelling fears that it will be an IMF-dictated document which will further complicate the economic situation. ![]()
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