In a significant move, the Sindh government has officially reduced the infrastructure development cess (IDC) from 1.85% to a range of 0.80% to 0.85%, a decision that has been awaited by the business sector for nearly two decades. FPCCI President Atif Ikram Sheikh hailed this reduction as a landmark achievement, stating it would notably decrease business expenses and provide essential financial breathing room for the community. Additionally, the cess on the Export Facilitation Scheme has been completely abolished, addressing a crucial demand from exporters. Sheikh emphasized that this decision would lead to annual cost savings of approximately Rs70 crore for businesses in Sindh, further boosting the provincial economy.