PESHAWAR: Chief Minister Pervez Khattak, presiding over the first meeting of Khyber Pakhtunkhwa Board of Investment and Trade, has called for coordinated efforts to attract investors to set up industries in the province.
The chief minister said that the provincial government had announced attractive investment incentives to promote industrial sector in the province.
Special Assistant to Chief Minister for Industries Abdul Karim Khan, Senator Mohsin Aziz, Additional Chief Secretary Muhammad Azam Khan, Secretary Industries Dr Aftab Akbar Durrani, representatives of various departments and members of the boards attended the meeting.
Board of Investment & Trade Chief Executive Nazir Awan briefed the meeting about the performance of the board and proposed projects on the occasion. The participants discussed the ways and means for creation of investment opportunities in the province. A number of decisions were taken for expediting industrialization.
The board approved constitution of a number of committees including Human Resource Development Committee, Audit Committee, Finance Committee and Investment Committee on the occasion.
The board while discussing proposed mechanism and criteria for execution of projects decided a timeline of 120 days for evaluation and approval of investment projects. The board also approved re-advertisement of various proposed investment projects.
The chief minister while responding to the demand of Board of Investment and Trade assured allocation of Rs100 million grant for the KP Board of Investment and Trade in the next budget. He went on to say that a part from five percent concession on markup and one window operation facility were being provided to the investors in the province.
