PESHAWAR: Khyber Pakhtunkhwa government has been offered to participate inWorld Expo 2020 Dubai for the promotion of tourism and other sectors in theprovince.
The development came while the chief minister was talking to arepresentative delegation of Abu Dhabi Chamber of Commerce and Industry atthe CM House Peshawar where different investment opportunities came underdiscussion in the meeting.
The delegation requested the provincial government to participate in Expo2020 Dubai so as to promote bilateral tourism between the Pakistan and UAE.Besides this, there are vast opportunities for investment in the oil andgas field between the two countries, the CM was told.
CM Mahmood Khan welcomed the delegation to the province, adding that aneconomic revolution formula would be taken up with the federal government.
He said a high-level delegation of the KP consisting of tourism, health,education, and industries will be sent to Abu Dhabi for bilateral trade andinvestment soon.
Provincial Finance Minister Taimur Saleem Jhagra, Provincial SpokespersonAjmal Khan Wazir, Advisor to CM on Education Ziaullah Bangash, and otherrelevant officials attended the meeting. The delegation from Abu Dhabicomprised Khan Zaman Suroor, member of Abu Dhabi Chamber of Commerce, DrNiaz Ahmad Khan, Habib Ahmad, Islamabad Customs Secretary, Fazle AhadBacha, Abu Dhabi businessman and Zamurd Buneri were present on the occasion.
Dr Niaz Ahmad Khan briefed the meeting about the economic formula to boostthe economy of the province. He said that the whole economic picture of theprovince will change with the implementation of this formula.
“50 lac people will get jobs and this will fulfil the requirements offiscal year budget,” he said while adding that the move will reduceinflation, tax and duties in the province.
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He said, “This is a zero-risk formula from which the government will getits economic goals and objectives. The economic formula will promoteinterest-free banking where the people of the province, as well asinvestors, can be supported fully.”
He described different features of the formula, its implementation,monitoring and establishment of the monetary fund through it.
The delegation revealed that several investors and companies of the UAE,especially Dubai and Abu Dhabi, have a deep interest to invest in theKP. The UAE government is keen to indulge in bilateral investment and forthis purpose, government-to-government coordination is necessary, thedelegation proposed.
The chief minister appreciated the proposal and said that the provincialgovernment will take it up to the federal government.
CM Mahmood Khan assured that he will support the formula for implementationat all levels. He said that the top priority of his government is toprovide job opportunities to the youth, adding that those companies andfirms who take interest to invest in the KP will be provided with humanresource and other facilities.
The meeting agreed to provide training for investors in health, educationand marble sectors of the province. The meeting also agreed to facilitatePakistani workers in the UAE and to support drivers in getting drivinglicence in Dubai, Abu Dhabi and other states of the country.
