PESHAWAR: Chief Minister Khyber Pakhtunkhwa Pervez Khattak has said that local and foreign investors were taking keen interest to invest in the province due to cogent and vibrant economic policies of the provincial government.
The KP government believed in transparency and merit that is why the foreign and local investors have started showing interest to make investment in this part of the country. He expressed these views while addressing a workshop on setting up of cement industries in the province.
The workshop was attended among others by KP senior minister for Health Shahram Khan Tarakai, Provincial Minister for Mineral Developement Anisazeb Tahirkheli, Provincial Education Minister Muhammad Atif Khan, Chairman CM Complaint Cell Dilroze Khan, Secretary Zaheer ul Islam, Principal Secretary to CM Israr Khan, DG Minerals, high ranking officials, industrialists and investors.
The Chief Minister said today’s event meant to assure the applicants seeking minerals lease agreements that the KP government believed in giving the minerals leases on merit. He on this occasion also directed the concerned officials to provide best possible facilities to the industrialists wanting to establish cements plants in the province.
He welcomed the investment in the cement industries in the province and instructed the concerned department to ensure smooth facilitation to the industrialists seeking to install cements plants in the KP by removing the bottlenecks if any to this effect.
The Chief Minister clarified that investors having lease agreement for over three months for the granted areas could not renew their lease in the granted areas unless they assigned it to some other party. He further directed that a joint team of investors, industrialists and officials of concerned department should conduct on the spot inspection the applied areas shown in the granted areas and prepared a report. He maintained that all the codal formalities would have to be fulfilled before the award of any lease agreement for the minerals explorations.
He said that government was ready to enact legislation for the facilitation of the investors. The KP Government initiated solid measures for industrial development and promotion.
Earlier the Minister for Mineral Development Anisazeb Tahirkheli gave detailed presentation on the minerals sector and its development in the province.
