Nowshera economic zone to create 12000 job opportunities: Bangash

PESHAWAR: Special Assistant to Chief Minister on Information, Kamran Bangash on Wednesday said that government has launched numerous economic zones for more job creation and investment in the province.

Kamran Bangash said that Chief Minister Khyber Pakhtunkhwa Mahmood Khan Wednesday formally launched Nowshera economic zone after Rashkai and Jalozai economic zones that was constructed over 76 acres land, expected to attract Rs. 1.6 Billion investment and creating 12000 jobs opportunities.

He said that access roads to the industrial zone has been completed.

Major intended industrial sectors include awaiting marble, food and pharmaceuticals sectors.

Kamran Bangash said that realising the importance of vibrant industrial sector for economic stability and employment generation, the Khyber Pakhtunkhwa government has launched five economic zones in last six months likely to attract Rs. 330.5 billion investment.

He said these economic zones will create total 330,796 employment opportunities with 94,060 directly related and 236,736 indirectly.

Bangash said provincial government established KPEZDMC with a task to facilitate focused industrial growth aiming to reduce poverty and gearing towards economic prosperity.

The KPEZDMC is focused on provision of investment friendly industrial infrastructure in KP through one window facilitation centres.

The Jalozai economic zone, Nowshera economic zone, Rashakai special economic zone, D.I Khan economic zone are launched under 3-year industrialization roadmap of Khyber Pakhtunkhwa.

Giving details of economic zones, he said that Jalozai economic zone constructed on 257 acres land is expected to attract Rs. 6.3 billion investment and creating 41,000 job opportunities.

The major industries to be setup at Jalozai economic zone include Food industry, Light engineering industry and pharmaceutical industry.

The Rashakai Special Economic Zone (SEZ) is built on 1000 acres land is expected to attract $1.9 billion investment and generating around 200,000 jobs.

Access roads to the economic zone are 55 per cent completed, 10MW electricity (Phase 1) will be supplied by October.

Major intended industries include Hi-Tech products, Electronic industries. Food and Beverages Industries and Mineral processing Units.

The Mohmand economic zone covering 350 acres land is expected to attract Rs. 7.6 billion investment and creating 56,000 jobs.

Marble will be major industry. Process has been initiated for conversion into special economic zone.

The D.I. Khan economic zone covering 189 acres land is likely to attract Rs. 1.5 billion investment along with creating 30,000 employment opportunities.

Major intended industries include mineral processing unit, Agro/ Food process industry and plastic industry.