PESHAWAR: The Chief Minister Khyber Pakhtunkhwa Pervez Khattak has underlined the need of coordinated efforts for attracting investors to promote favourable atmosphere for industries to flourish in the province. This he said while presiding over the first meeting of Khyber Pakhtunkhwa Board of Investment and Trade at CM Secretariat Peshawar.
Special Assistant to CM for Industries Abdul Karim Khan, Senator Mohsin Aziz, Additional Chief Secretary Muhammad Azam Khan, Secretary Industries Dr. Aftab Akbar Durrani, representatives of various departments and members of the boards attended the meeting. Chief Executive of the Board of Investment & Trade Nazir Awan briefed the meeting about the performance of the board and proposed projects on the occasion. The meeting discussed in detail ways and means for creation of investment opportunities in the province.
A number of decisions were taken in the meeting for expediting industrialization in the province. The board approved constitution of a number of committees including Human Resource Development Committee, Audit Committee, Finance Committee and Investment Committee on the occasion.
The board while discussing proposed mechanism and criteria for execution of projects decided a timeline of 120 days for evaluation and approval of investment projects. Similarly the board also approved re-advertisement of various proposed investment projects.
The Chief Minister while responding to the demand of Board of Investment and Trade assured allocation of Rs. 100 million grant for the KP Board of investment and Trade in the next budget. The Chief Minister told the board that the provincial government had already announced attractive investment incentives to promote industrial sector in the province.
He went on to say that a part from 5% concession on markup one window operation facility was being provided to the investors in the province. He said that provincial government was intended to promote all sort of industries in the province.
The Chief Minister stressed the need of collaboration among various institutions formed for the developmental of the industrial sector. He asked the industrialists to play their role for attracting investors to invest in the industrial sector of the province.
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