ISLAMABAD: Khyber Pakhtunkhwa Governor Iqbal Zafar Jhagra visited Islamabad Chamber of Commerce and Industry (ICCI) here on Monday and assured the business community that he would fully cooperate resolving the key issues of local trade and industry. He said that Chamber should send a document of issues in writing so that he could take up them with the relevant government departments for redress. He said that China–Pakistan Economic Corridor (CPEC) has created plenty of business and investment opportunities in Khyber Pakhtunkhwa (KP) and urged that the local investors to take benefit of these opportunities by investing in KP. Talking about developmental works in FATA, he said 12 small dams were being constructed apart from many solar power projects to provide electricity to people. He said that Pakistan was endowed with plenty of natural resources that were required to be exploited in the best interest of the country. He said that government could not resolve all problems and communities should play more effective role in this regard. He said that majority of FATA people were in favor of merging with KP and hoped that this process would be completed soon. He said that the government should allow tax free incentives for a certain period to local and foreign investors for investing in Industrial Zones under the CPEC so that country could attract more investment and create more jobs for youth. Speaking at the occasion, ICCI President Khalid Iqbal Malik said business community was the backbone of the economy, but was facing multiple problems and stressed that Iqbal Zafar Jhagra should take up the highlighted issues with the federal government for redress. He said that 90 percent issues of local trade and industry were related to CDA and many meetings were held with civic body high-ups with no tangible positive results. He urged that government should issue instructions to CDA to resolve business community issues in consultation with ICCI. He said that drastic reforms were needed in the prevailing taxation system to promote tax culture and improve tax revenue. He said that the government had announced an export promotion package of Rs180 billion for textile sector, but only Rs 4 billion were allocated so far due to which the textile industry was facing multiple problems and about 150 textiles units had closed in the country. He said that average 30-35 percent working capital of exporters was stuck up in refunds with FBR due to which exports have come down from US$ 25 billion to US$ 20 billion during the last four years. He stressed that government should such issues on priority for revival of textile industry and exports.