KP government market its potential advantages in
Chitral Times Report
PESHAWAR: Chief Minister Khyber Pakhtunkhwa Pervez Khattak
revealed the provincial government would market its potential
advantages in the Chinese market during a high level provincial
delegation visit to China in the Month of 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
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
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.
Mr. 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 will have employment, they
would have more earnings, they would have better future prospects
and the overall estimate it will 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 around Peshawar. The delegation plans to implement
a plan where the quality of the railway track and transportation
would exceed that of Orange Line Punjab. 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 want to invest in Pakistan. Since the industrial estate
will be established by China, it will market the industrial estates
and encourage the Chinese companies to invest there.
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 and breaking the monopoly of
Japanese cars, the delegation will try to highlight opportunities
of Pakistani market.