concerned over excessively burdening the manufacturing sector that contributed 21% to the economy, having a share of 70% in tax payments.
'It is unfortunate that banks are always reluctant to finance small and medium enterprises, as their financing continued to show negative growth despite record reduction in policy rates by the central bank,' said APBF
President Ibrahim Qureshi.
Whereas Chairman CGSS Lieutenant General (r) Zahir Ul Islam, Founder and Former Chairman APBF
According to the budget proposals, the APBF
has finalised sector-specific proposals for the federal budget 2018-19.
President Ibrahim Qureshi said that the Ogra had recommended in a summary to the government that the price of petrol be reduced by Rs5.26 per litre (6%), which could bring the rate down from Rs88 to Rs82 per litre.
is committed to dedicate all available resources and capabilities, to engage vital organizations and entrepreneurs in the region, to create robust links, new opportunities and mutual benefits, for all of the provinces in Pakistan.
Because of these twin deficits, there are apprehensions that Pakistan might go back to the IMF for yet another bailout package, APBF
newly-elected President Syed Maaz Mahmood inked the MoU on behalf of Pakistan, while ANIP President Karim Benvenuto represented his country.
president Ibrahim Qureshi said the SBP had adopted a wrong way of dealing with inflation as 50 basis points increase in discount rate would jack up the cost of doing business that would ultimately hit the economic growth.
Islamabad -- All Pakistan Business Forum (APBF
) president Ibrahim Qureshi has expressed its serious concern for not passing on full relief to the public of oil price cut in global market as the government rejected the OGRA's recommendation of reducing petrol rate by Rs5.26, slashing the price by just Rs2 per liter.
LAHORE -- The All Pakistan Business Forum (APBF
) president Ibrahim Qureshi has flayed the government for increasing prices of petroleum products by over Rs19 per litre during last seven months, terming it bad news for the country's economy.
ISLAMABAD -- As The All Pakistan Business Forum (APBF
) president Ibrahim Qureshi has flayed the government for increasing prices of petroleum products by over Rs.18 per litre during last seven months, terming it bad news for the country's economy.