Budget woes: ‘Federal budget will negatively impact industries in K-P’

KPCCI lauded the allocation of Rs100 billion for rehabilitation of IDPs


Our Correspondent June 04, 2016
KPCCI president says between 700 and 800 factories closed. PHOTO: FILE

PESHAWAR:  

Khyber-Pakhtunkhwa Chamber of Commerce and Industry (KPCCI) has said the federal budget will negatively impact industries in the province.

This was stated in a press release issued on Saturday.

As per the statement, KPCCI lauded the allocation of Rs100 billion for rehabilitation of IDPs. However, it voiced disappointment over the failure to provide packages to revitalise war-affected industries in the province.

“They have completely ignored the damaged industries of K-P,” the statement quoted KPCCI President Zulfiqar Ali Khan.  According to the statement, industrialists of the province are disappointed as no efforts are being made to revive industries which were affected due to a lack of civic state and a decade of wars.

“The privileges that were announced for industries will not benefit K-P as all such industries are situation in Punjab,” Zulfiqar Ali said. He said industrialists have appreciated the allotment of funds for the construction of Diamer-Bhasha Dam, Dasu Dam and Chashma Right Bank Canal project. He added this would encourage the government to keep its pledge to produce 10,000 megawatts of electricity by 2018.

Published in The Express Tribune, June 5th, 2016.

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