Karachi (Lord Media): Prominent industrialist Arif Habib has criticized the budget measures, stating they make investment growth extremely challenging. He noted that tax rates remain high, with only a 2% reduction in super tax, which is not encouraging for investment.
Habib further mentioned that until production costs decrease, reducing export taxes will be ineffective. He highlighted that high energy prices are deterring investment and hindering job creation in the country.
Conversely, industrialist Muhammad Ali Tabba expressed that the budget would benefit industries and emphasized the need to increase revenue to eliminate deficits. He suggested providing more incentives to the export sector to boost income.
Pakistan Business Council Chairperson Dr. Zeelaf Munir deemed the budget’s direction appropriate, stating that efforts were made to address issues through stakeholder consultations. She emphasized the importance of building investor confidence.
