PESHAWAR: Chief Minister Khyber Pakhtunkhwa Pervez Khattak has said that his government has the capacity to lead the province towards economic growth.
This province has surplus natural gas that is being planned for diversion to power generation as his government wanted to make KP economically viable unit of the federation where there are multi-faceted avenues of employment, growth, industrialization and economic development.
He was presiding over a meeting on special initiative and fast track execution of projects especially economic zones, industrialization, infrastructure, development, social sector at the CM Secretariat here Monday.
Senator Mohsin Aziz, Ghulam Dastagir Khan, Chairman KP EZDMC Special Economic Zone, Mohsin M. Syed Chief Executive KP EZDMC, Chief Secretary Amjad Ali Khan, administrative secretaries and other relevant attended the meeting.
The meeting decided to pursue the Chinese investment for circular rail in Peshawar. It also decided that establishment of KP Insurance Company and KP Holding Company.
Chief Minister said that we have a lot of avenues for hydel power generation and at the same time we have extra natural gas which the government decided to divert to industrial sector to boost industrialization in the province.
Initially the government identified Karak, Kohat and Rashkai for industrialization and the natural gas would be used for the purpose. We will generate power from natural gas to run industrial units in the province. He said that we are quick learner of our past interaction with WAPDA and therefore we rationalized our approach to reduce dependence on WAPDA.
