Dr Farooq Sattar calls upon govt to ensure balance of trade

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From Business Correspondent

HYDERABAD: The head of Restoration Committee of Muttahida Quomi Movement (Pakistan) Farooq Sattar has called upon the federal government to ensure balance between the imports and exports and provide maximum incentives to business community in order to improve the business activities.

He emphasized this while addressing the business community at a reception hosted by Hyderabad Chamber of Commerce and Industry here at HCCI Secretariat yesterday.

He underlined the need for bringing stability in gas, petrol and electricity prices in order to minimize the cost of production to enable industrialists of enhancing quantum of exports and earning valuable foreign reserves for the country.

Expressing his grave concern over not initiating measures for rapid economic development in Karachi, Farooq Sattar said Karachi was contributing 70 percent revenue to the country and it deserved to have maximum incentives for rapid industrial development. Even the business community of Hyderabad suffering hardship because of lack of interest from the quarters concerned, he added.

He said that the provinces were getting grants on the basis of population therefore, the provinces should award development funds to cities on the basis of population so that the cities of the provinces could be able to meet the required demands accordingly.

He said agriculture was the major contributor in the economy of the country so that maximum incentives should be given to peasants and growers with exemption in taxes so that they could get actual price of their produces.

There was is the need to ensure justice in the system of tax collection, he remarked and added that the government should also pay attention towards the development of livestock sector.

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