President ICCI lauds government steps on SMEs

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Islamabad, June 11 (APP): President Islamabad Chamber of Commerce and Industry, ICCI Ahmed Hassan Moughal here Tuesday lauded the steps taken by the government to facilitate Small and Medium Enterprises SMEs in the budget 2019-20.

Addressing a press conference at ICCI after observing budget speech by business community, he said SMEs were back bone of the country s economy and providing relief to them will ultimately bring employment opportunities in the country and boost economy.

He said the government has taken good steps for facilitating the masses as the

Minimum salary has been of Rs 17000 has been announced that will benefit the low income persons.

Non filers can invest in real estate that would boost purchase construction industry which badly suffered due to withholding taxes, he said adding that tax reduction 17 percent to 7 percent on restaurants will help in collection of taxes.

The government has given relief to domestic electricity consumers utilizing up to 300 units.

He urged to increase tax base to take the country out of crisis.

 

Source: VNS Islamabad