KARACHI - Presidents of various regional chambers across Pakistan including Karachi Chamber of Commerce and Industry (KCCI) jointly compiled comprehensive budget proposals.

The proposal expressed sheer disappointment over unnecessary delays by the Finance Ministry in organising an important joint meeting between Federal Finance Minister Ishaq Dar and Presidents of various chambers of the country in order to discuss key budget proposals budget 2014-15.

In a statement issued, KCCI urged Federal Finance Minister Ishaq Dar to hold this important meeting as early as possible in order to provide business community an opportunity to effectively highlight budget recommendations.

KCCI said that all Chambers of Commerce and Industry across Pakistan reposed their confidence on KCCI. In this connection, the Karachi Chamber staged 1st All Pakistan Chambers’ Pre-Budget Conference on February 4, 2014 which was followed by 2nd All Chambers Presidents Pre-Budget Seminar by Faisalabad Chamber on April 20, 2014. Both events were held with a view to reach a consensus on how to formulate joint budget proposal.

KCCI, while urging the Finance Minister to hold this important meeting with business community of Pakistan, underscored that business community’s recommendations for budget must be incorporated in the forthcoming Federal Budget 2014-15 on priority basis as it will help in creating a pro-business environment, enhance tax net and effectively deal with the menace of smuggling.