Mardan
\nThe business community on Tuesday totally rejected the \u2018mini-budget\u2019 and warned that the imposition of Rs 170 billion taxes worth billions of rupees would unleash a \u201cstorm of inflation\u201d to the misery of the poor people besides slowing down the national economy.
\nRepresentatives of business community held a meeting at the Mardan chamber of commerce and industry (MCCI) here said new taxes would lead the economy to a complete destruction.
\n(MCCI) president Zahir shah khan told reporters that the federal government was set to make people\u2019s life extremely miserable through the mini-budget.
\nHe said the move would escalate the cost of industrial production and lead to a total collapse of the economy.
\nZahir shah said the business community would take \u201caggressive steps\u201d if policies were made against its interests and in that case the government would be responsible for any untoward incident he said it had become quite difficult and instead impossible to run industries and businesses after a whopping increase in the price of electricity, gas and petroleum products.
\nHe said Businessmen are in great trouble due to the anti-business policies of the government. Zahir shah also complained about the unavailability of raw material to industry due to the refusal of commercial banks to open letters of credit and said the situation had aggravated.
\nHe said unilateral policies of the government had added to difficulties of the business community on a daily basis, which is highly condemnable.
\nThe MCCI President Zahir shah said those who claimed to put the economy on the right track and bring down the value of the US dollar had let the country to bankruptcy.
\nHe said on one hand, the government claimed to be taking austerity measures but on the other, it had created a large cabinet.
\nHe Further said the appointment of a brigade of ministers, advisers and special assistants is a sheer injustice to the country\u2019s poor people.
\nHe said on one hand, the country was sinking into foreign debts but on the other, the rulers were increasing their unnecessary expenditure. We the business community totally reject this unfriendly mini budget as the poor mases are already over burden due to heavy taxes.<\/p>\n","protected":false},"excerpt":{"rendered":"
Mardan The business community on Tuesday totally rejected the \u2018mini-budget\u2019 and warned that the imposition of Rs 170 billion taxes worth billions of rupees would unleash a \u201cstorm of inflation\u201d to the misery of the poor people besides slowing down the national economy. Representatives of business community held a meeting at the Mardan chamber of […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":{"0":"post-315282","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-peshawar"},"yoast_head":"\n