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KP Govt to reduce cess on export to 1pc

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Implementing recommendations of the Sarhad Chamber of Commerce and Industry (SCCI), the provincial government of Khyber Pakhtunkhwa has decided to bring down 2 percent cess on export to 1 percent.

In light of the SCCI proposals, a summary was prepared which will be presented in the next meeting of the provincial cabinet for formal assent. This was disclosed by Advisor to Chief Minister of Finance and Inter-provincial coordination Muzamil Aslam while speaking to members during this visit to the Chamber House here Friday.

The meeting was attended by SCCI Senior Vice President Abdul Jalil Jan, former presidents Haji Muhamamd Afzal, Faiz Muhammad Faizi, executive committee members Ziaul Haq Sarhadi, Aftab Iqbal, Nadeem Rauf, Muhammad Ashfaq and Industrialist Association Peshawar President Ayub Khan Zakori, Khalid Sultan Khawaja, Mazharul Haq, Atif Rasheed Khawaja, Affaf Ali Khan, Zarak Khan, Imtiaz Ali Ahmad, Zafar Khattak, Asif Khan, Fazal Adnan, Qurat Ul Ain, along with traders attached with gemstone, carpet, pak-Afghan business, exporters and importers.

In the meeting, Fazal Moqeem conveyed concerns of business community regarding imposition of 2 percent provincial cess on export, property tax on warehouses.—APP

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