PESHAWAR: Sarhad Chamber of Commerce and Trade president Fuad Ishaq expressed concern over enhance in gasoline costs for the industries of Khyber Pakhtunkhwa province, together with textiles to Rs3176 per mmbtu below the blended gasoline coverage.
By imposing 80 per cent pure gasoline and 20 per p.c RLNG fee on KP, he demanded to withdraw 18 per cent gross sales tax on industrial sector because the province is surplus gasoline manufacturing,
Talking at a joint press convention right here president of Sarhad Chamber of Commerce and Trade Fuad Ishaq and Chairman, Khyber Pakhtunkhwa Textile Mills Affiliation Kamran Shah right here on the chamber home on Monday stated it’s fully simply to impose extreme gasoline costs on Ok-P whereby gasoline manufacturing is surplus which was additionally sheer violation of the article 158 of the structure of the nation.
Members of the enterprise group stated 50 p.c industries in KP have shut after imposition of the blended gasoline coverage in KP and RLNG fee, making not solely operating companies and industries troublesome however inconceivable within the province.
In response to varied queries of the reporters, Fuad Ishaq stated that the overall gasoline manufacturing of KP is 550mmcfds in opposition to its consumption 200mmcfds, and imposition of the blended gasoline coverage on this province is very alarming.
Not a single industrial gasoline connection was given to Khyber Pakhtunkhwa over the previous 13 years, opposite to that industrial gasoline connections have been offered in Punjab, which was tantamount of discriminatory angle, Fuad Ishaq added.
In the course of the presser, Senior chief of the businessman discussion board, former senator Ilyas Ahmad Bilour, the SCCI senior vice chairman Sanaullah Khan, vice chairman Ijaz Khan Afridi, former presidents Riaz Arshad, Malik Niaz Ahmad, Faiz Muhammad Faizi, govt member Affaf Ali Khan, former chairman KPTMA Afan Aziz, KPTMA vice chairman Sikandar Kuli Khan Khattak, businessmen connected with textile sector embrace Irfan Moten, Ashaf Ahmad, Engr Ihsanulllah, Muhammad Shoaib, Engr Matiullah, Muhammad Ayub, Arifullah, Muhammad Safdar Khan, former vice chairman Abidullah Yousafzai, and Saddar Gul, Faiz Rasool, Fazl e Wahid, Ishtiaq Muhammad and others current.
The businessmen stated imposition of the blended gasoline coverage with a ratio of 80/20 was fully unjust and in opposition to the structure of the nation.
The KPTMA chairman stated the textile trade is the spine for the nation’s financial system. He knowledgeable that out of 15 textile models, seven have nearly shut in Khyber Pakhtunkhwa below the prevailing situation whereas remainder of industrial models have been run with capability of fifty per cent.
Moreover, he knowledgeable textile industries consumed solely 10mmfcds gasoline whereby the gasoline is surplus amount and consumption much less regardless of that discriminatory angle is being carried out by KP industries, which is very deplorable.
Former president of the KPTMA, Afan Aziz, stated that after growing the costs and supplying gasoline at RLNG charges, the costs have now been doubled below the blended gasoline coverage, which is a whole injustice with Khyber Pakhtunkhwa.
He stated that efforts are being made to deprive the province affected by terrorism of constitutional rights which may be very worrying and this discrimination needs to be stopped instantly.
Ilyas Bilour in response to a query of reporters stated it isn’t the responsibility of the enterprise group to battle with the federal government however we’d attempt to elevate problems with the group earlier than it and resolve them with mutual consensus and desk talks.
He demanded of the federal government to make sure due constitutional rights to KP. He added Punjab can be our brother however there needs to be maintain the rights of smaller provinces.
Fuad Ishaq to a query relating to any future line of motion or protest, replied that the enterprise group believes in unity, tolerance and concord and would at all times attempt to resolve points by negotiation with authorities and related authorities.
He, nonetheless, urged the federal government to overview the huge gasoline worth hike and revise its determination in the very best curiosity of industries and the financial system of the nation.