PESHAWAR: Sarhad Chamber of Commerce and Industry president Fuad Ishaq on Monday expressed concern about the imposition of two per cent tax on exports as Infrastructure Development Cess and said the move had halted export consignments worth billions of dollars and rendered huge financial losses to exporters.

Along with trader leaders, manufacturers and exporters, Mr Ishaq told reporters at the Chamber House that the provincial government should immediately withdraw that tax and take measures to stop the relocation of export businesses from KP to other provinces.

He said KP’s economy was already in dire straits due to the government’s “ill-conceived policies and anti-business initiatives.”

The SCCI chief said the fresh move........

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