‘Review budget anomalies’

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Karachi Chamber of Commerce and Industry (KCCI) and Pakistan Yarn Merchants Association (PYMA) have jointly condemned decisions of Senate Budget Anomalies Committee and asked for a new review.

The chambers and association decided to make joint efforts to eliminate budget anomalies in federal budget 2021-22, and condemned the self-imposed decisions of the Senate Budget Anomalies Committee, a statement said on Tuesday. In this regard, the FPCCI and KCCI attended a meeting at the PYMA office.

Expressing strong reservations, FPCCI President Nasser Hyatt Maggo said the decisions of the committee were not acceptable to the business community, who were not taken into confidence on the matter.

He also said that a letter has been sent by the FPCCI to Prime Minister Imran Khan to apprise him of the concerns of the business community.

KCCI President Shariq Vohra while agreeing with the yarn and textile anomalies in the budget requested the government to address the issues facing the yarn sector on a priority basis. “KCCI will extend all possible cooperation to the yarn traders,” he added.