KTA calls for financial stimulus package for IIOJK in upcoming budget
Srinagar: The Kashmir Trade Alliance (KTA) has called for a financial stimulus package for Indian illegally occupied Jammu and Kashmir in the upcoming budget.
According to Kashmir Media Service, the annual budget is set to be presented in Parliament next week.
The KTA President, Aijaz Shahdhar, expressed high expectations from the budget, citing the challenging economic conditions in the region. “Our businesses are facing tough times, and there’s a slump in the market. Post-COVID, apart from tourism, all sectors of Kashmir’s economy are suffering,” Shahdhar stated.
“We also seek amnesty for commercial power consumers in Kashmir in the same lines domestic consumers were provided amnesty to clear pending dues, ” he said.
In addition to the financial package, the KTA is advocating for announcements to boost business in Kashmir.
The trade alliance’s plea comes at a crucial time as the region continues to grapple with economic challenges . While tourism has shown signs of recovery, other sectors reportedly remain under strain, according to KTA.