The upcoming budget poses a daunting task for the administrators of the economy to establish a right balance between addressing the needs of all the stakeholders yet operating within the economic limitations that are inherent to our country and have only been highlighted in the past few months.
A key component of this much anticipated budget is the tax regime that is likely to be fine-tuned to minimise the budgetary deficit as the government tries to catch up with the ever increasing national expenditure.
Therefore, the Pakistan Business Council (PBC) and Overseas Investors Chamber of Commerce and Industry (OICCI) have recently presented their budget proposals to highlight the amendments in tax regime that are deemed necessary by the business community to promote foreign direct investment and ease of doing business. The content in this publication is expensive to produce. But unlike other journalistic outfits, business publications have to cover the very organizations that directly give them advertisements. Hence, this large source of revenue, which is the lifeblood of other media houses, is severely compromised on account of Profit’s no-compromise policy when it comes to our reporting. No wonder, Profit has lost multiple ad deals, worth tens of millions of rupees, due to stories that held big businesses to account. Hence, for our work to continue unfettered, it must be supported by discerning readers who know the value of quality business journalism, not just for the economy but for the society as a whole.To read the full article, subscribe and support independent business journalism in Pakistan
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