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LAHORE: Business and industry associations delivered mixed verdicts on the federal budget, with textile exporters hailing a number of tax and financing measures as supportive of investment and export whereas poultry and plastic manufacturers voiced concerns over burdensome taxation and policy inconsistencies.
The Pakistan Textile Exporters Association (PTEA) termed the budget balanced and growth-oriented, saying it reflected the country’s economic realities and contained measures that could stimulate industrial activity and support sustainable growth.
Chairman Sohail Pasha appreciated the government’s efforts to support economic recovery, industrial expansion and ease of doing business. He said the budgetary measures would strengthen investor confidence, encourage business expansion and generate employment, while ultimately benefiting lower-income segments of society.
He said improving macroeconomic indicators, stable remittances inflows and rising economic confidence were expected to support stronger GDP growth in the coming years.
