HCSTSI irked by meagre allocation for Sukkur-Hyderabad motorway
They noted that at this pace, the project may not be completed even in the next decade. Such a symbolic and insufficient allocation reflects a serious lack of commitment and is tantamount to an injustice against Sindh and its vital role in Pakistan's trade and connectivity. The business community categorically rejects this approach and demands immediate and substantial funding to expedite the project.
They said that although both governments have emphasised developmental objectives, digital reforms, and increased social sector allocations, there is a glaring lack of practical relief and structural support for small traders, manufacturers, and the broader business community.
President HCSTSI Saleem Memon stated that initiatives like the SME Policy 2024–27, digital reforms in the FBR, the introduction of an automated refund system, and faceless audits are commendable steps. However, without timely and effective implementation, these initiatives may remain merely on paper. He cautioned that the imposition of new taxes on Cash on Delivery (COD), Digital Services and Digital Presence could severely impact small and emerging online businesses that are still in their nascent stages.
Senior Vice President Ahmed Idrees Chohan pointed out the rise in withholding tax rates would further escalate the operational costs for small and medium enterprises (SMEs).
Moreover, the federal budget failed to announce any relief in industrial electricity tariffs, time-of-use rates, or subsidies for SMEs, which is a significant shortcoming considering the ongoing energy cost burden.
Vice President Shan Sehgal expressed concern over the increase in carbon levy, particularly the hike from 2.5% to 5% on furnace oil, stating that many small industries are still in transition and not yet fully equipped with renewable energy alternatives such as solar systems. This would further inflate production costs and hinder their competitiveness.
Copyright Business Recorder, 2025
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