FPCCI calls for granting formal industrial status to furniture sector.

PESHAWAR -- The Federation of Pakistan Chambers of Commerce and Industries (FPCCI), Khyber Pakhtunkhwa Region has demanded for granting formal industrial status to furniture sector and taking of sincere steps to resolve its problems.

The demand was made during a meeting held here on Monday at FPCCI Regional Office Peshawar with Coordinator Sartaj Ahmed Khan, in the chair. Besides, office bearers of the furniture association, the representatives of the Small Industries Development Board (SIDB), Khyber Pakhtunkhwa Board of Investment and Trade (KP-BoIT), Trade Development Authority of Pakistan (TDAP), State Bank of Pakistan (SBP), Bank of Khyber, Bank Al Habib and other institutions also attended the meeting.

The purpose of the meeting was to listen to the problems of the people associated with the furniture business and make it possible for them to have access to concerned authorities and commercial banks for starting a new business under the Prime Minister Scheme and or to expand the ongoing business through loan schemes including special schemes of solar system and creation of awareness about loan schemes and procedures for installation was also to be provided.

In the meeting, the furniture sector business community of Peshawar informed about their problems and said that more than 800 units are operating only in Tehkal area of Peshawar equipped with machinery worth millions of rupees, but problems including massive load shedding of electricity and multiple taxes pushed the business down to the brink of collapse due to which many workers and entrepreneurs have to take other jobs...