\u2014Investments should be diverted towards industry, says Murtaza Mughal
\nChairman of the National Business Group (NBG) of FPCCI Mian Zahid Hussain on Sunday said steps of the Finance Minister Shaukat Tarin is bringing refreshing change in the economic situation of the country.
\nThe pro-growth policies of the finance minister, decision to invest heavily in the agriculture sector and plan to expand tax net while shielding masses from more burden are very positive moves, he said.
\nMian Zahid Hussain said this while speaking at an Iftar dinner arranged by Deputy Convenor of Central Standing Committee on Insurance (NBG) Qazi Asif Saeed in honour of Dr. Murtaza Mughal, Group County Manager of United International Group.
\nHe said that now the government will not compromise developmental projects to reduce the fiscal deficit while indirect taxes will not be increased providing some relief to the masses.
\nThe government is spending 82 percent of the revenue on debt servicing therefore it has to borrow to run the affairs which can be resolved through tax reforms, he said.
\nMian Zahid Hussain said that Govt plan to boost spending on large infrastructure projects by as much as 40 percent to create jobs and foster productivity is a timely decision that will bring a dramatic change.
\nSpeaking at the occasion, Dr. Murtaza Mughal said that investment is flowing towards stock, property, and commodity markets which should be diverted towards the industrial sector to boost production, exports, jobs, and investment.
\nMembers of Central Standing Committee for Insurance Zeeshan Pasha, Adeel Asim, Zeeshan Chaudhry, Faisal Ali Khan, Fahim Hanif, Ajmal Khan, Asif Anwar, Turab Shah, Major Saad, Khalid Mughal, Altimish Malik, Saifuddin Sheikh, Naeem Qureshi, Haseeb Sultani, and Mubasshir Mir were also present on the occasion.<\/p>\n","protected":false},"excerpt":{"rendered":"
\u2014Investments should be diverted towards industry, says Murtaza Mughal Chairman of the National Business Group (NBG) of FPCCI Mian Zahid Hussain on Sunday said steps of the Finance Minister Shaukat Tarin is bringing refreshing change in the economic situation of the country. The pro-growth policies of the finance minister, decision to invest heavily in the […]<\/p>\n","protected":false},"author":2,"featured_media":191248,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-191235","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n