PESHAWAR: The Khyber Pakhtunkhwa Chamber of Commerce and industry (KPCCI) has lauded the federal government for exempting the KP industrial sector from tax for up to five years in the budget for fiscal year 2015-16.
KPCCI President Fauad Ishaq said that the PML-N led federal government has presented a historic, progressive, and business-friendly budget for next financial year 2015-16 under the prevailing circumstances.
He said the all proposals of KPCCI have been incorporated in the fiscal budget 2015-16, and appreciated the federal government for its eagerness towards revival of terrorism-affected businesses and industrial activities and economy of Khyber Pakhtunkhwa.
Commenting in the salient features of the federal budget, Ishaq said the business community in KP will regain benefit of previous fiscal relief package, which was took back by imposition of section 113 to re-collect turnover on sale and income tax. He said another foremost demand to waive off loan of widow of martyred people has been accepted by federal government through the federal budget.
