Govt Desires Provision Of Ideal Environment To Investors: CM
Mohammad Ali (@ChaudhryMAli88) Published July 20, 2016 | 08:06 PM
PESHAWAR, (UrduPoint / Pakistan Point News - 20th july, 2016) : Chief Minister Pervez Khattak Wednesday said that the provincial government wants to give an ideal environment to investors and facilitate them to the maximum.
He said it would be a step forward towards restoring the confidence of investors to come and invest in the province for earning more dividends. He was talking to a seven-member delegation of Pakistan Community in USA who came for investment in various sectors.
Speaker Provincial Assembly Asad Qaiser, Senior Minister Health Shahram Tarakai, Advisor to CM Abdul Munim, Parliamentary Secretary Dr. Haider Ali and other concerned officials were present in the meeting that held in CM house here.
The Chief Minister, on the occasion revealed that his government would launch its own insurance company to reduce investment risk and work out how to safeguard foreign investment in potentially rich sectors of the province.
Unfortunately corrupt practices in past eroded confidence of the investors, he said adding government eliminated corruption and irregularities and made the environment congenial for investors in KP. Regarding sick industrial units, he said that their production were to be consumed in Afghanistan but inappropriate environment in neighboring Afghanistan dried down markets for industrial units of Khyber Pakhtunkhwa.
We have developed different types of industrial plots in existing and new industrial zones and commercials hubs for onward offering to the potential investors. These would be for small, medium and large scale industrial units in Rashkai, Hattar, Jalozai, Ghazi, Dera, Bannu, Swat and others. He said government has systematically planned industrialization in the province and a separate company has been launched which to look industrialization process and facilitation of investors in the province.
The provincial government has already planned three townships in KP and would offer some of the land in these townships to potential investors for healthcare related activities. Even there will be areas at Swat Express Way which would be developed on commercial lines and offered to potential investors, he informed. Chief Minister also directed concerned officials of different public sector institutions to hold meetings with the delegation and show them potential advantages and opportunities in different sectors of the province.
He also indicated the space for investment in tourism adding that his government would provide land for the tourism related investment in the province. Chief Minister said his government was already working on hydel power generation of 1100 mega watt (MW) wherein 600 MW projects were being given to FWO and the rest was opened to the open competition.
Solar energy and Wind energy are other areas where they can get permission from the Federal government and provincial government would facilitate the investors, he assured. The provincial government, he added has allocated resources to new system of governance at district and Tehsil levels and it would be mandatory for them to use a certain amount of money on waste management, cleanliness and sanitation at lower tiers of governance.
He said the provincial government has already released one billion rupees for the academic bloc of Ghulam Ishaq Khan Institutes for its expansion programme.
Related Topics
Recent Stories
PSX gains 771 points
PITB HR Wing organizes Eid Milan celebration for children at PITB Day Care Cente ..
Cabinet briefed on progress of PIA privatization
Meeting held to streamline trade between Pak-Afghan , Central Asian Republics
SONY x TECNO - is this for real?
Progress of Aaghosh, Bunyad, Khud Mukhtar programs discussed
SBP to announce monetary policy on April 29
London stocks hit new record peak on takeovers
Summer School on Understanding Greenhouse Gas Emission and Measurement Technique ..
Rupee sees slight recovery against US dollar
Govt to out source waste management companies to generate revenue
Rawat police arrest four robbers; recover Rs 700,000
More Stories From Pakistan
-
Mohsin Naqvi visits Police Facilitation center, directs 24 hour service for citizens
29 minutes ago -
Citywide anti-encroachment campaign launched: Mayor Karachi
39 minutes ago -
Citizens demand action against professional beggars
39 minutes ago -
KP Open Shooting Gala concludes
39 minutes ago -
Seminar on dengue
39 minutes ago -
Kite seller held
39 minutes ago
-
SCCI for simplifying procedure to enhance arms, ammunition export
49 minutes ago -
Federal Ombudsman KP Office decides to extend awareness campaign to educational institutions
49 minutes ago -
Cabinet briefed on progress of PIA privatization
27 minutes ago -
Setting up modern GTS need of the hour: MD SSWMB
59 minutes ago -
Keamari police bust major gutka smuggling attempt
1 hour ago -
Minister proposes plan to remove congestion on busy roads in big cities
1 hour ago