KPK Government - China intensive investment plan chalked out

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KPK Government - China intensive investment plan chalked out

PESHAWAR (APP): Chief Minister Khyber Pakhtunkhwa Pervez Khattak said provincial government would present its potential advantages in the Chinese market during visit of a high level provincial delegation to China in August this year.

He was presiding over a high level meeting to sketch out the imminent visit of the provincial delegation to China here at the CM secretariat on Sunday.

Provincial Minister Education Muhammad Atif Khan, Chief Secretary Amjad Ali Khan, Administrative Secretaries of Home, Finance and Irrigation department, CEO KPOGCL, Chief Executive of PEDO and Khyber Pakhtunkhwa Board of Investment and Trade attended the meeting.

Chief Minister said that the province of Khyber Pakhtunkhwa was replete with natural resources. His government was going all out to explore, exploit and market these advantages.

These advantages, the provincial government would offer to the potential investors to come and invest and get more dividend of their invested money. His government has already planned facilitation of potential investors through one window operation.

Pervez Khattak said that his government has tracked the province towards a rapid industrialization. The province was about to use its natural gas and hydel potential to be properly and systematically harnessed for the benefit of the people and progress and development of the province.

If we could not use these resources for the future of our people and development of our province then these resources would be of no use.

Chief Minister said that the overall vision, his government has for the expeditious development of the province, would bring about a change in the life of the poor. They would have employment, have more earnings, have better future prospects and the overall estimate it would lead the province to stand on its own feet.

He hoped that the province would attract potential investment for its natural advantages.

The delegation visiting China will explore possibilities of circular railway in Peshawar.

The delegation will negotiate Government to government power generation of 225 MV going up to 500 MV. In first phase Chinese Government in collaboration with KP Government will set a power generation plant of 225 MV going up to 500 MV. This would serve energy needs of many industrial set ups and the Industrial estates to be made by Government of China for Chinese investors. Due to CPEC, many Chinese wanted to invest in Pakistan.

Since the industrial estate will be established by China, it would market the industrial estates and encourage the Chinese companies to invest here.

In addition, steel, garments and stitching are sectors in the priority list of industries. Rates of Chinese labour has risen up to USD 4000 p.a while that of Pakistan is USD 1500 p.a hence making Pakistan attractive for labour intensive industries in China.

The visit will also explore possibilities of bringing Chinese automobile manufacturers to Pakistan. Since Pakistan has huge potential in automotive sector, the delegation will try to highlight opportunities of Pakistani market.