PFC terms federal budget 2019-20 as balanced

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LAHORE:       Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Ashfaq Wednesday termed Federal Budget 2019-20 as balanced, development, growth-oriented and moderate envisaging several pro-business measures despite economic crunch and a number of domestic and international challenges on different fronts.

Talking to media here today, he appreciated Prime Minister Imran Khan’s
commitment for revival of economic activities in the country besides giving
incentives to industry to boost the volume of exports. He said the government had allocated maximum funds for development projects which
depicts that PTI leadership was sincere for national progress and
prosperity.

He said that the federal government took positive steps for uplift of
national economy and the government would have to give maximum relief to
industrial sector to achieve the objective. He lauded the government for
allocating maximum funds for education, agriculture, livestock and energy
sectors. He said that zero-rate of duties on 1600 items including raw
materials would reduce the cost of doing business. He said that after good
reforms, current account deficit would be reduced from $ 12 billions to $ 7
billions, adding that government had allocated collectively Rs. 100
billions for dams/water projects that showed the seriousness of present
regime and it would help get rid of water scarcity and also generate cheap
hydel power. He lauded the government for allocating maximum funds for
education, agriculture, livestock and energy sectors.