The Pakistan Industrial and Traders Association Front (PIAF) Thursday termed the approval of Medium Term Budgetary Framework (MTBF) as business-friendly. The new budgetary system would help strengthen the economy of the country provided the government takes solid measures to achieve the targets set for the three-year term, said PIAF Chairman Irfan Qaiser Sheikh in a statement.
Qaiser said it would be beneficial to the overall economy of the country if the government comes up with a three-year energy policy and initiates work on war footing on electricity generation through coal. The business community's input would be a prerequisite to get the desired results government wanted to achieve through new budgetary measures, he added.