Karachi: Trade and industry leaders have described the budget as growth-oriented, and hope it would “induce investment, promote exports and also help generate more revenue to the national exchequer”.

Most business leaders were optimistic about the measures suggested in the budget, and believed they would encourage industrialisation to create jobs for the youth.

Contrary to the earlier fears that the government would be imposing new taxes, the business leaders were highly appreciative that no such measures have been taken. The finance minister in his budget speech announced to set up a commission for bringing down sales tax in single digits, as suggested by the FPCCI.