president Ibrahim Qureshi said that Pakistan's trade deficit has increased to $30.
budget proposals covered recommendations and proposals to incentivise investors, broaden tax net through documentation of economy, simplify tax system and reorganise the Federal Board of Revenue (FBR).
chief suggested that all the stakeholders collaborate in order to meet the objectives of the SME policy and support the priority sectors.
He further said that, Regardless of any discrimination of political affiliations, APBF
is strongly committed and standing beside the Government to provide its full efforts making Pakistan a better economy.
He said that APBF
fully supported the proposed measures for promotion of SME finance including the establishment of credit guarantee company for offering risk sharing facility for SMEs and setting-up of Secured Transactions Collateral Registry under Financial Institutions Secure Transactions Act 2016 by July 1, 2018.
Ibrahim Qureshi reiterated that; APBF
will continue to put its best efforts in establishing and promoting the most favorable business environment in Pakistan, and will identify and engage resourceful organizations and vital entrepreneurs to create and seize new opportunities for mutual development and growth.
He said that APBF
inspiring fresh efforts towards capacity-building and skills development to nurture a globally competitive workforce.
Capitalizing on its high-profiled representation from diverse commercial sectors, the APBF
has taken various initiatives for social development, in collaboration with some of the leading enterprises and associations.
Other leadership of the APBF
including Farooq Naseem, observed that the Iran-Pakistan pipeline has become more significant in the present scenario.
S Embassy will also be part of panel discussions, especially arranged in the APBF
president said that efforts are needed to reduce and avoid environmental pollution and use resources sustainably.
Pakistan has a great opportunity to increase its share in global trade through fresh economic activities generated by the China-Pakistan Economic Corridor, regional trade arrangements and the Strategic Trade Policy Framework, said APBF