KCCI felicitates Hafeez Sheikh on appointment as PM's adviser

KARACHI: President of Karachi Chamber of Commerce & Industry (KCCI) Junaid Esmail Makda and Chairman Businessmen Group Siraj Kassam Teli, while extending heartfelt felicitations to Dr. Abdul Hafeez Sheikh on his appointment as adviser to prime minister on finance, said that keeping in view his vast experience and past performance, Sheikh will certainly succeed in overcoming numerous crises suffered by the country.

In a letter sent to PM’s Adviser, Makda and Teli warmly welcomed Sheikh's appointment as PM’s adviser and said that due to his expertise and well acquaintance with trade and economic issues, the business and industrial community of Karachi was fairly optimistic that Sheikh will be able to successfully devise effective strategies in order to completely get rid of all types of crises.

They stressed that as country was currently going through severe economic crises, therefore it was really essential that the business and industrial community should be taken on board in the policy-making process.

The two figures hoped that the newly-appointed adviser would also take practical steps to minimise grievances being faced by loyal tax-payers, who are suffering terribly due to serious loopholes in the existing taxation mechanism.

Makda and Teli stressed that the consultation strategy adopted by the PTI government with the business community of Karachi must continue and the contribution of more than 70 percent revenue to the national exchequer must always be taken into consideration. “The business and industrial community of Karachi stands shoulder-to-shoulder with the government during this difficult time and we will continue to support the government in the larger interest of the country,” they said.

The renowned business figures also invited the finance adviser to visit the Karachi Chamber of Commerce and Industry as soon as possible, so that the business and industrial community could get an opportunity to share views about the amnesty scheme and also give valuable proposals for the forthcoming Federal Budget 2019-20, besides suggesting ways and means of how to improve the taxation system, enhance revenue generation and ensure ease of doing business, which is one of the top most priority of the government.

Makda and Teli also paid glowing tribute to former finance minister Asad Umar for always realising the ground realities, making necessary corrections and struggling really hard to somehow minimise the burden on the poor segment of society.