KP-BOIT to make best use of growing opportunities presented by CPEC: CEO

Peshawar: Khyber Pakhtunkhwa Board of Investment and Trade (KP-BOIT) Chief Executive Officer (CEO) Hassan Daud Butt has said that the KP-BOIT had conducted industrial mapping of major sectors to make the best use of the growing opportunities presented by the China-Pakistan Economic Corridor (CPEC).

He mentioned that the KP-BOIT supports the establishment of new economic zones, small industrial estates in different parts of the province.

“We are offering fiscal incentives for small and medium enterprises, along with establishing new economic zones and expanding the existing ones. Besides, we are moving towards the realization of one-window facilitation and ease of doing business to further promote the investment and trade activities in KP,” the CEO KP-BOIT said in a meeting with the senior official of the Islamabad Chamber of Commerce and Industry (ICCI) here.

He added that the KP-BOIT would like to host the industrialists, traders and businessmen from Islamabad to come and explore a new world of opportunities that are presented by the CPEC’s Rashakai Special Economic Zone, Khyber Pass Economic Corridor and Integrated Tourism Zones that are augmented further through infrastructure development and investor facilitation measures of the Government of KP.

While appreciating the interest of the KP-BOIT, President of the ICCI Muhammad Shakeel Munir thanked the visiting team from KP for the initiative to reach out for the exchange which would be followed up by a reciprocal visit of the ICCI delegation.

The ICCI officials took special interest in the mineral resources of KP and economic zones that were being established in different parts of the province.

The CEO KP-BOIT formally invited the members of the ICCI to visit the KP-BOIT office and Rashakai Special Economic Zone to observe the developments by themselves and know about the investment facilitation and business friendly measures of the Provincial Government.

The purpose of the meeting was to showcase the investment and trade potential of KP as part of the KP-BOIT’s investment promotion strategy to foster local and domestic investment in the province.

The KP-BOIT team was also joined by the representatives of Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC) and Small Industries Development Board (SIDB), who presented their respective initiatives and projects.

The CEO KP-BOIT gave a detailed presentation to the ICCI representatives led by the President Muhammad Shakeel Munir. The presentation focused on the opportunities available in high-value investment sectors of KP including Oil and Gas, Gemstone, Hydropower, Mining, Agriculture, Livestock, Forestry, Horticulture, Information Technologies, and Tourism.

The ICCI members were also apprised of the various investor-friendly initiatives introduced by the Government of KP including the development of infrastructure in economic zones, utilizing indigenous natural resources as raw material, extending support to small enterprises, enhancing quality skilled workforce and enabling one-window facilitation.