Businessmen satisfied

KARACHI: The business community has expressed satisfaction over the federal budget (2014-15) announcement and hoped that all the measures and reforms announced by Finance Minister Ishaq Dar would be implemented in letter and spirit.   Prominent business leader Siraj Kassim Teli said that it was a positive and economic-friendly budget. “If all the measures and reforms are properly implemented with the given timeframe, it would be a great achievement of the present government and quite beneficial for the country,” he added.   Teli appreciated the proposal to impose more tax…

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Budget 2014-2015 : Govt pins hopes on reducing tax exemptions, slashing subsidies.

ISLAMABAD: Finance Minister Ishaq Dar will be presenting the PML-N government’s second budget in the National Assembly on Tuesday. The finance bill for the fiscal year 2014-15 includes fiscal adjustments of more than Rs300 billion (about 1 per cent of the gross domestic product), achieved by slashing subsidies and cutting back on tax exemptions. A meeting of the federal cabinet, to be presided over by Prime Minister Nawaz Sharif, will be held in the afternoon to formally approve the budgetary measures before they are tabled in parliament. A source close…

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