Rawalpindi Chamber of Commerce President Issues Major Statement on Budget | 92NewsHD

[00:00:00]Rawalpindi Chamber of Commerce and Industry termed the new budget as a mixed budget. Sadar Usman Shaukat says that some measures in the budget are necessary. The reduction in super tax is a matter of happiness but the corporate tax has not been reduced.

[00:00:13]Majeed is giving the details.

[00:00:15]Our representative Sajid Sheikh who is present with the President of Rawalpindi Chamber.

[00:00:20]Look, at this time [nasal sound] we are present in Rawalpindi Chamber of Commerce and with us is President Rawalpindi Chamber of Commerce Usman Shaukat Sahib. Will talk to him. The budget has come in reference to Faki Budget 2026-27. This is the same kind of budget that we were waiting for. There is a mixed budget. There is a mixed trend. You saw the IMF's compulsions. We also knew that being in the IMF program, the government cannot provide much relief and neither were we expecting it.

[00:00:43]Yes, some things have appeared positive in it.

[00:00:45]We had discussed a lot with the government on the tax rate and asked them to bring it down. Whether it is a special salary or a corporate one. So there we saw that the salary tax rate decreased. This is a happy thing. Along with this, super tax was abolished. But the outstanding corporate tax did not reduce. We always used to talk about the SME sector and wanted to bring some relief for it, but we did not see that. But we have not seen any very dynamic initiatives and until that happens, there will be no trade in this country nor will our current account deficit improve. This was Usman Shaukat Sahib and as you heard him say, a little mixed budget is visible. Some suggestions were given by them which were accepted and there were some suggestions which were ignored in their opinion and secondly, the overall budget that is being talked about is being said to be better for the salary based people but the way the crowns or trade is talked about, it is not that supportive for them. Yes