ISLAMABAD: The All Pakistan Business Forum (APBF) has started consultations for the final preparation of the Federal Budget proposals for 2022-23. This was announced at a meeting held here to finalize the proposals for the upcoming budget. The meeting was attended by APBF President Syed Maaz Mahmood, APBF Chairman Ibrahim Qureshi, Executive Committee members, besides various representatives of a number of trade and industry leaders. Syed Maaz Mahmood said that the APBF has evolved two-pronged strategy to prepare proposals for the upcoming budget. On the first leg, all the Executive Committee members have been asked to submit sector-specific details about the problems being faced by their respective businesses, while secondly, a meeting of all the trade and industry associations has also been convened to get their final suggestions about the upcoming budget. After finalizing these proposals, the APBF would submit them to the Finance Ministry so that these proposals could be incorporated in the upcoming budget document, he said.Syed Maaz Mahmood informed the meeting that efforts are being made to give the government a set of suggestions that would help turn the upcoming budget business-friendly in true sense of the word. He said business community understood that the government was utilizing its abilities to overcome the economic challenges but, at the same, the private sector considered itself duty-bound to tell the government of several hitches faced by it. All over the world the private sector plays a leading role as far as economic policy framework is concerned; therefore, APBF has also been playing its role to bring the country out of the economic mire through well-tailored budget proposals.
