PESHAWAR: The federal government has approved to establish an expo centre in Peshawar with an estimated cost of Rs2.5 billion to facilitate the business community.

This was revealed by Khyber Pakhtunkhwa Chamber of Commerce and Industry president Fawad Ishaq while presiding over a meeting of the executive committee of the chamber in Natyaagali on Monday.

According to a statement, he said that the expo centre would be equipped with all latest facilities. The federal government, he said, allocated Rs500 million in the public sector development programme for the purpose.

The chamber president urged the government to initiate work on the expo centre at earliest as it was dire need of the business community. He said that it would help to boost exports to the Central Asian States from Khyber Pakhtunkhwa and strengthen industrial and business activities in the province.

The Businessman Forum leader Senator Ilyas Bilour also expressed the hope that with establishment of the expo centre the exporters would have opportunities to introduce their products at the international level.

He said that it would also help to create job opportunities in the province. Appreciating Federal Minister for Finance Ishaq Dar, he said that the turn-over tax and income tax would help to strengthen the industries and commerce in the province.

The chamber’s budget for the year 2015-16 was present by chairman finance standing committee Eng Maqsood which was unanimously approved.

Published in Dawn, August 25th, 2015

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