he Overseas Investors Chamber of Commerce & Industry (OICCI) has observed with interest the Budget 2010-11 announced on June 5, 2010.

OICCI President, Ms Ameena Saiyid – OBE, while commenting on the occasion said, “We are pleased to note that, through the Budget 2010-11 the government has tried to address issues that will help in improving documentation and streamlining the tax burden on industries and businesses. The Budget 2010-11, excluding a few exceptions, appears to be a balanced budget and I would like to congratulate Dr Hafeez Sheikh on accomplishing this task.” While shedding further light on the topic Ms Saiyid added that, “We understand the difficult financial circumstances facing the country and OICCI members will continue to play their part in contributing towards the needs of the country. However we also hope that the government will make the difficult decisions of broadening the tax base and adopting taxation policies that will encourage FDI on a sustained basis.”