President, Azad Jammu Kashmir Chamber of Commerce and Industry (AJKCCI) Zulfiqar Abbasi endorsed and appreciated the ongoing successful economic policy of the federal government. He said that recent foreign investment of over $7 billion was the ample proof of the successful economic policy of the government.
Talking to APP here on Wednesday, Zulfiqar Abbasi, while appreciating the economic policy of the government pointed out that bonds issued by the Government of Pakistan have received healthy return.
He observed that it was also the evidence of the fact that global financial experts and scholars treat Pakistan's economy highly appreciable. "Our GDP and the economy was rapidly on the rise following healthy socio-economic policies of the government", Abbasi said.
He further said that there seemed complete trust of the investors in the economic policy of the federal government. He said that landing of massive foreign remittances in the country from abroad was also a strong evidence of the stable economic policies of the government.
Appreciating the federal budget, The AJKCCI President termed it a balanced and people friendly budget. He appreciated the abolition of the SRO culture in the changing and healthy policies of the government. He pointed out that an unprecedented change in the attitude of CBR has been witnessed. He said that the business-friendly approach of the CBR, tax and economic reforms would leave positive impact on the national economy. He observed that production would indeed rise following the proposed export target of Rs 18 billion.
Commenting over the budget, the ASJKCCI chief further said that general public will, indeed, be benefited of the budget after the reduction of the prices of various commodities of daily use especially edibles. He termed the budget most attractive for the masses as a whole and first of its own kind in the history of Pakistan since no new tax has been imposed.
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