PESHAWAR: (APP) Governor Khyber Pakhtunkhwa Engr. Iqbal Zafar Jhagra said the government had announced tax holiday for new investments in the province from July 2015 to June 2018 besides generating employment opportunities in the province and FATA.
Thus, in view of its rich natural resources and hardworking labour force, these incentives will accelerate the pace of development in the Province, he added, says an official statement issued here Thursday.
Addressing the concluding session of the Made in Khyber Pakhtunkhwa exhibition arranged by Khyber Pakhtunkhwa Chamber of Commerce and Industry at a local hotel in Islamabad, the governor said security, law and order situation in the province had been restored.
"I am impressed by the courage and commitment of the entrepreneurs from the province who despite their hardships and difficult conditions continued to manufacture such a quality products," he added.
The governor said all those who had showcased the products of their respective industrial units were rendering great service not only to the people of the province but for the nation as well.
The governor also called upon foreign investors to come forward and invest in the Khyber Pakhtunkhwa and FATA the region which bears not only a great potential but also offers great attractions for secured investment.
The governor admitted that it was a better reality that economy of KP had severely suffered because of the natural calamities, TDPs , FATA, the Earthquake - 2005 and the Flood havocs of 2010 in particular.
"The infrastructure was destroyed and the people displaced in millions but the entrepreneurs deserve tributes for surviving through all the hostile circumstances," he explained.
This initiative on part of the organizers will lead to restore the job opportunities of the millions of our skilled and non-skilled workers.
The governor said in the back-drop of these ground realities, holding of Made in Khyber Pakhtunkhwa Exhibition would bring a pleasant impact on the overall investment climate of the province and therefore, proposed that such exhibitions should be organized throughout all big cities of the country and assured his full support to the organizers in this regard.
Earlier, the governor visited each and every stall at the exhibition , inquired after the background to the products so displayed and listens to the problems and suggestions of the entrepreneurs.