KP CM stresses setting up industries in areas of hydropower stations, July 24, 2020

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KP CM stresses setting up industries in areas of hydropower stations, July 24, 2020

ISLAMABADChief Minister Khyber Pakhtunkhwa Mahmood Khan has stressed the need of setting up small industrial units in those areas of the province where the provincial government has established hydropower stations for easy supply of electricity to industries.

The Chief Minister was chairing 7th Board meeting of KPBOIT here on Friday. Besides Special Assistant to CM on Local Government, Kamran Bangash, the meeting was attended by Administrative Secretaries of Finance and Industries departments, Chief Executive Officer, KPBOIT, other relevant authorities and private sector members of KPBOIT including M.Sabir Sethi, Yousaf Ayub, Aziz Ahmad, Aziz Ahmad, Sikandar Kulli Khan, Iftikhar Ahmad, Taimur Khan, Aijaz Yousaf, Shahid Khan, Imran Ishaq, Fakhar Alam, Sheraz Ahmad, and Adur Rehman Abid.

He said that the provincial government, through wheeling system will provide electricity generated of its own resources to the local industries on subsidized rates to encourage and attract private sector investors with the aim to generate maximum employment opportunities to the people of the province.

The chief minister directed the concerned quarters to launch digital system of paperless service delivery to the investors under One Window Operation of Khyber Pakhtunkhwa Board of Investment & Trade (KPBOIT) further directing all the relevant departments to ensure the timely completion of their responsibilities in this regard.

The proposed digital system will provide all the private investment related services of various departments to the investors under one window operation.

The meeting was briefed in detail about overall performance of KPBOIT, progress on the implementation of the decisions taken in the last meeting of the board, formulation of new regulations and policies, ongoing projects, future course of action and other important issues of KPBOIT.

The meeting approved new Regulations, Organogram, five year strategy and Action Plan of KPBOIT. The forum also approved the draft of revised Industrial Policy of the Board which will be presented to the provincial cabinet for final approval. 

The meeting also approved extension in the contract of the board employees, and hiring of some of the essential staff including Director Finance, Manager Special Economic Zones, Manager Regulations and Manager Infrastructure etc subject to the fulfillment of codal formalities for capacity building of the board.

Regarding the progress made so far on the implementation of the decisions made in the last meeting of the board it was informed that Khyber Pakhtunkhwa Special Economic Zones Authority has been handed over to KPBOIT and formal notification has also been issued to this effect whereas Hattar Special Economic Zone Committee (KPSEZA) has been reconstituted.

It was further informed that SOPs for Khyber Pakhtunkhwa Special Economic Zones Authority had been prepared which would be presented to the concerned board for formal approval whereas Regulations for Rashakai Special Economic Zone have been finalized.

The meeting was further briefed that KPBOIT worked is a focal point for the promotion of trade activities with neighboring country Afghanistan, and as such its making efforts to open Ghulam Khan border, Angor Adda and other frequent routes to promote trade activities with Afghanistan.

The forum was informed that draft of Investment Policy for the newly merged areas had been finalized whereas a program was being worked out for the promotion of Small & Medium Enterprises in North Wazirstan district to create rapid employment opportunities for the locals. Similarly, negotiations with National Logistic Cell are in progress for the establishment of Logistics Park in the province.