PESHAWAR: The Khyber Pakhtukhwa government has granted 5 per cent concession on mark up on loans for new industries in the province
Chief Minister Pervez Khattak, while presiding over a high-level meeting at the CM Secretariat, has directed the authorities concerned to make three major rebates and certain other incentives as part of the provincial industrial policy. The major attractions for industrial investment, he pointed out, must include the rebate on mark up rate, electricity tariff and industrial transportation charges.
Khattak disclosed that all companies interested in establishment of oil refineries in southern districts of the province had been directed to first approach the federal government for acquiring the oil quota under the prescribed procedures. He, however, made it clear that the KP government has waived off the condition of NOC for establishing all kinds of industries including sugar mills and oil refineries.
