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Budget proposals and Circular Debts scam

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A group of industrialists in Karachi have confessed that the 32,000 MW production of electricity claim by government authorities and IPPs was suspicious. They are going to challenge and demand for its physical audit just to clear the mystery of heavy Circular Debts that has made the life miserable for general people in the country.     The Economic Council of the Employers’ Federation of Pakistan in its first ever endeavor initiated solutions to various economic and financial issues impeding the economic growth and prosperity of Pakistan. EFP was certain that the economic policymakers of the government would accord positive consideration to these proposals. Addressing the media at Karachi Press Club , Majyd Aziz, President EFP presented Federal Budget Proposals 2019-2020. Ismail Suttar, Chairman EFP-EC, and Zakaria Usman, Chairman, Budget Advisory Committee, highlighted the salient features of the proposals. They emphasized on broadening the tax base, reducin...