Peshawar: The Khyber Pakhtunkhwa (KP) government on Tuesday announced a relief package worth PKR 4 billion to revive the construction industry in the province, a news source reported. The announcement came during a cabinet meeting chaired by KP Chief Minister (CM) Mahmood Khan.
Special Assistant to the CM on Local Government (LG) stated that the provincial government has added a maximum relief pertaining to taxes. This includes an exemption of local council tax, he said. The relief package for the construction industry would remain valid until June 30, 2021.
On the other hand, the provincial executive has waived off the registration licence fee tax for hotels and restaurants for one year. Sources revealed that this measure would facilitate the revival of the tourism sector, which suffered significantly due to government-imposed lockdown in light of the coronavirus situation. The provincial government has also handed over 85 guest houses of different departments to the Tourism Department.
The cabinet also directed the departments concerned to expedite work on Accelerated Implementation Program (AIP) for ensuring speedy development in merged districts.