Spokesman of United Business Group (UBG) Gulzar Feroz has expressed the hope that the group candidates will win the FPCCI elections for the year 2017 with a heavy margin. The alliance between Businessman Panel (BMP) and Pakistan Business Group (PBG) is not based on principles rather for personal gains, he said. He said that negative tactic would never help the opponents to win FPCCI elections and they were damaging their image.
He asked the business community not to pay heed to the negative elements.
Holding S. M. Muneer responsible for sliding exports is unjustified as all the countries have suffered from dwindling external trade due to global recession. He said that the efforts of Zubair Tufail have brought result and Minister of Finance announced on the occasion of inauguration of FPCCI new Building that the sales tax refund would be paid to the exporters to the tune of Rs 30 billion by October 31, 2016 which will ease financial crunch of exports and they will concentrate to boost exports.
The Minister also announced that income tax refund will be paid by 31st December 2016. Gulzar Firoz said that Zubair Tufail persuaded the Ministry of Finance to agree to give refunds to exporters so that the liquidity crunch faced by exporters could be eased.