KARACHI: President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has demanded stimulus for all small and medium businesses amid coronavirus lockdown.
In a press release, PBIF president said that coronavirus lockdown has affected all the sectors therefore all of them deserve a stimulus.
PBIF president also said that small and medium businesses should be given a package, their utility bills should be deferred for three months or received in twelve installments or the SBP should provide interest-free loans for the purpose.
The veteran business leader said that the government has pinned high hopes on the labor-intensive construction industry and the package has been designed with the consultation of the private sector having better exposure to the ground realities.
He noted that the interests of poor and middle-income group have been catered for in the package to some extent and builders, as well as buyers, have been given amnesty but sellers have been ignored.
“Property purchasers would like proper documentation to whiten their money while sellers lacking amnesty would like to show reduced prices which will result in dispute,” he added.
He said that the government should seek the guidance of the business community so that success should be ensured as a delay is not in the national interest.
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