Cement, Textile Stocks Biggest Winners From Pakistan Budget

Cement, Textile Stocks Biggest Winners From Pakistan Budget The government’s move to lower taxes on certain sectors including cement and textiles is likely to support related shares as Pakistan looks to balance growth and compliance with its promises to the International Monetary Fund. In his speech to lawmakers in parliament, Finance Minister Muhammad Aurangzeb outlined a budget that would boost taxes but also provide relief in some areas and industrial incentives. The government is targeting 4% growth in the next fiscal year after the economy is estimated to have expanded 3.7% in the 12 months through June, the strongest performance in four years. [Image text:] 3 Power Cel er Cement nt C Powe Cement oowr 0 3 CEMENT 3 ER