KARACHI: The central leader of Businessmen Forum (BMF), Abdul Rashid Abaro has said the government must consult the business community and senior business leaders before announcing the federal budget.

In order to stabilise the struggling economy, the government should end its excess expenditure before the announcement of the federal budget and those schemes which are facing problems at the start should be postponed for the time being while the loss-making institutions should be privatised immediately so that the country’s financial crisis is over.

Abaro said that the resumption of sea trade between Pakistan and Russia can be positive for the economy.

He said there are also opportunities for sea trade from Pakistan to Central Asian countries, while there are also possibilities to increase land transport between Central Asian countries and in the future we should also take advantage of new routes.

Copyright Business Recorder, 2023