People belonging to different walks of life have welcomed the federal budget for the fiscal year 2017-18 terming it a balanced one covering all segments of the society.

President Federation of Chamber of Commerce and Industries Zubair Tufail lauded the government for not imposing any additional tax and providing maximum relief to people.

Lahore Chamber of Commerce and Industry has also hailed the new Federal Budget terming it an agenda for economic revival, resolving energy crisis, promoting investment and boosting agriculture sector.

Addressing a news conference after the budget LCCI President Abdul Basit said increase in allocations for water and power projects would help get rid of energy crisis.

LCCI members said funds for infrastructure development would also attract foreign investment.

They welcomed supportive measures for agriculture, poultry, textile sectors and human resource development.

Leaders of Business and Industrialist Community of Karachi have termed the new budget as business friendly.

A leading Industrialist Siraj Kassam Teli said the relief measures announced in the budget will be helpful in achieving the export target.

A prominent businessman Zubair Moti Wala said no burden has been put on the common man in the budget.

President Sindh Chamber of Agriculture Dr. Nadeem Qamar said the incentives proposed for the agriculture community will help increase per acre yield and will go a long way to boost income of the farmers. -Radio Pakistan