The Khyber Pakhtunkhwa Government revealed its industrial policy that aspires to strengthen the province through potential industrial growth by creating new job opportunities, distribution of socio-economic dividends, and comprehensive economic growth.
The KP government utilized stakeholders to invest in the province for industrial development and find new investment opportunities under the China-Pakistan Economic Corridor (CPEC). According to the industrial policy, the stakeholder would benefit KP with one window operation.
KP Finance Minister Mr. Taimur Salim Jhagra, Chief Advisor to the Industries Minister Mr. Abdul Karim Khan and traders of the Khyber Pakhtunkhwa attended the meeting and presented the draft to the stakeholders to include their suggestions at a workshop.
Speaking at the meeting, KP Board of Investment Chief Executive Officer (CEO) Mr. Ihsan Dad Butt said, “The new policy, which had targeted the Gross Domestic Product (GDP) growth from 3.5% to 16%, would facilitate the investors with land procurement, improved communication systems, and skilled labor.” The new policy also included the rehabilitation of 25% sick industrial units, he added.
KP Finance Minister Mr. Taimur Saleem Jhagra also shared his views by saying, “KP has a geographical significance from where trade can be extended easily to the Central Asian countries. The province is investing in natural resources as well as tourism, agriculture, engineering, cement industry, minerals, and other sectors.”