PESHAWAR: With the aim to boost industrialisation and wipe out unemployment, the Pakistan Tehreek-e-Insaf-led Khyber Pakhtunkhwa government has launched KP Economic Zones Development and Management Company (EZDMC).
According to EZDMC Board of Directors (BoD) Chairman Ghulam Dastagir, the prime objective of the establishment of the company was the industrial development and provision of employment to the people of KP.
“We have already hired the services of highly qualified professionals to attract industrialization in KP and we are working on a package of incentives for industrialists,” he said.
He was of the view that the federal government had already exempted the province from all kinds of taxes for the period of five years and we want to take maximum advantage of it.
The company, he said, plans to develop four new industrial estates included Hattar, Phase VII, Ghazi, Jalozai and Rashakai industrial estates in next few years while it is also under consideration to rehabilitate Hayatabad, Gadoon and Hattar Industrial Estates.
With the total cost of Rs379 million, around 424 acres of land has been acquired for developing Hattar Industrial Estate Phase VII. Moreover, infrastructure development cost for the same project has been estimated Rs 1186.431 million, Chairman BoD EZDMC said.
