PESHAWAR: Khyber Pakhtunkhwa Chamber of Commerce and Industry (KPCCI) appreciated the federal government decision for giving approval regarding establishment of Expo Centre in Peshawar.
The centre will be established at cost of over Rs 2 billion. For the project, seed money of Rs 500 million has been allocated in Public Sector Development Scheme (PSDP) by the federal government in the current financial year 2015-16, this was revealed by KPCCI president Faud Ishaq while speaking at meeting of the chamber executive committee.
He urged the federal government for early initiation of work on the important scheme. Leader of Businessmen Forum, Senator Ilyas Ahmad Bilour, KPCCI vice presidents Engr Maqsood Anwar Pervez, and Haji Iqbal Afridi, former president Afan Aziz, Ghazanfar Bilour, and members of the chamber executive committee were attended the meeting.
During the meeting, the chamber vice president, and Chairman of Finance Standing Committee Engr Maqsood Anwar presented the KPCCI budget for year 2015-16, which was unanimously approved by the house.
Faud Ishaq informed the participants about activities of the chamber during this tenure. He stated that KPCCI is taking proactive measures for resolution of problems of business community in the province. He extended special thanks to Prime Minister Mian Nawaz Sharif, Federal Minister for Commerce, Engr Khurram Dastgir, Federal Secretary Commerce Muhammad Shahzad Arbab for approval of funds regarding establishment of Expo Centre in Peshawar. He said the Centre would play vital role for showcasing and promotion of locally manufacturing products at international market, besides would create job opportunities for many people.
Senator Ilyas Bilour while speaking on the occasion thanked the federal government for announcement of five year tax-holidays for Khyber Pakhtunkhwa businesses through the federal fiscal budget 2015-16. He expressed the hope that with exemption of turnover, income taxes, along with other incentives, would promote trade and industries in KP.
He also appreciated the federal government for giving approval of establishing Expo Centre in Peshawar and said the outgoing president of KPCCI, had played pivotal role for fresh tax-exemption, along with resolution of old issue regarding turnover tax and setting up Expo Centre in provincial capital.
On the occasion, former president Afan Aziz, Liaqat Ahmad Khan, Malik Iftikhar Awan, Haji Muhammad Afzal, Pervez Khattak and others also spoke.
