The Khyber-Pakhtunkhwa (KP) Chief Minister Pervez Khattak on Monday accorded 14 firms with prospecting licences who will be investing in the cement industry of the province.
While awarding the prospecting licence offer letters to those firms at the Chief Minister House, Peshawar, Khattak stated that the mineral titles distributed would bring in an investment of $2.5 billion to the province and help in the creation of jobs.
Khattak promised industrialists investing in the province full support.
No NOC (No Objection Certificate) would be needed for setting up a factory in K-P and claimed that no references are required for any job in the province, the CM stated.
He provided assurance to investors that no one would be asked for any bribes, adding that any complaints can be directly brought forth to him.
Khattak also extended an invitation to industrialists and investors for a road show, which the K-P government will hold in China on April 16 and 17.
Khyber-Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC) Chairman Ghulam Dastagir apprised the participants regarding the facilities K-P is offering to investors in the province.
Dastagir mentioned that K-P is the sole province in the country which possesses its own Industrial Policy and has a special economic zones management authority headed by the private sector. This indicates the extent of K-P government’s efforts to encourage private sector for investment in the province.
K-P Secretary Mines and Mineral Development Zaheerul Islam mentioned that his department is starting an online application system for mineral titles. He admitted that the department was lacking in technical expertise but are slowly and gradually overcoming this deficiency.
