Pakistan Budget Concessions
(Rec. 8 p.m.) KARACHI, March 15. Pakistan announced tax concessions and reductions in import duties in its Budget presented today. The Finance Minister (Mr Amjad Ali) said that efforts to make Pakistan self-sufficient in food had not been successful because of the disastrous floods which devastated crops last October.
Mr Ali, referring to aid from Australia, New Zealand, the United States, Britain, Canada and Sweden, said: “We are grateful to every one of our friends for their help." Mr Ali said that Pakistan's defence expenditure would be 60.7 per cent, of her total expenditure in the coming year.
He said that £375.000 would be speni on atomic energy development.
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Press, Volume XCIII, Issue 27920, 17 March 1956, Page 9
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112Pakistan Budget Concessions Press, Volume XCIII, Issue 27920, 17 March 1956, Page 9
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