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The business community is looking for strategies to end the closure

Peshawar: The business community in Khyber Pakhtunkhwa has called on federal and provincial governments to hold a consultative meeting of all stakeholders to prepare a comprehensive strategy to end the closure imposed in the country after the outbreak of the coronavirus.

The request was made during a press conference held by business leaders including the former president of the Federation of Pakistani Chambers of Commerce and Industry Haji Ghulam Ali, FPCCI coordinator for KP Sartaj Ahmad Khan, senior vice president of the Sarhad and Industry Chamber (SCCI) Shahid Hussain, President of the Chamber of Commerce and Industry (MCCI) Zahir Shah and former FPCCI Vice President Muhammad Adnan Jalil. In his speech, business community leaders mentioned the problems of merchants and the public and promised to take preventive measures to prevent the spread of the corona virus. However, they said, the authorities had to find a permanent solution to this problem because small merchants could no longer buy the lock anymore.

Sartaj Ahmed Khan read the charter of business community demands Khyber Pakhtunkhwa, claiming that the continued closure caused a loss of Rs 1 trillion to traders and industrialists. He asked the government to provide aid packages to provide compensation to the business community.

Another representative said that while they welcomed the federal government’s aid package, the benefits have yet to reach the province. They called for a waiver of raising the value of loans and grants for small and large industrial units to complete utility bills. Senator Haj Ghulam Ali said that Rs. 3 billion is still outstanding with the Federal Income Board (FBR) as head of refunds over the past 10 years. He called for the implementation of the directions of Prime Minister Imran Khan in this matter in the form of messages and enthusiasm. “When industrial units are closed and the supply chain is completely blocked, they ultimately cause a direct burden in the form of fixed operating costs. Even during the closure, industrial units have to pay millions of rupees to cover unavoidable operating costs.”

Senator Ghulam Ali said that the closure would also affect economic activity in the coming months until the situation is completely restored. He said that to save the KP industry sector from closing, all utility payments such as electricity and gas bills must be deferred from March 1 to June 30, 2020 and collected six months later at no additional cost. He also demanded full exemption from charges of delay fines on containers that struck the port of Karachi due to the closure and the transportation ban. He demanded the cancellation of the KP infrastructure suspension until the industrial closure as well as the abandonment of all regional taxes in the commercial sector. He called for a reduction in the discount rate to make it number one not only increasing competitiveness, but also increasing business activity after the Covid-19 crisis ended. Shahid Hussain and Zahir Shah called for the launch of an interest-free loan for commercial operations for a period of one year with maximum assistance in the monthly fees for private schools.

They proposed creating federal and local observation rooms for all stakeholders so that community problems are heard and resolved.

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