KARACHI: Finance Minister Khyber Pakhtunkhwa (KP) Taimur Saleem has said that as security situation was much better in KP and it was going to stay that way on a sustainable basis, the KP government has started offering a lot of facilities and incentives to boost investment and industrialization in the province, hence the business community of Karachi must also take advantage of the situation by setting up their production units and investing in some of the most promising sectors of KP’s economy.
Inviting the business community of Karachi to invest in KP, the lawmaker said that despite being a small province with limited resources, KP has a lot to offer and it was capable of providing maximum facilities to investors. “Your investment in KP would prove favorable for your businesses, the province and Pakistan’s economy”, added Taimur Saleem, who was accompanied by KP’s Minister for Industries Abdullah Karim Tordher and CEO KP Board of Investment & Trade Hassan Daud Butt during a visit to Karachi Chamber of Commerce & Industry (KCCI) on Tuesday.
Chairman Businessmen Group (BMG) & Former President KCCI Zubair Motiwala, General Secretary BMG AQ Khalil, President KCCI Muhammad Idrees, Senior Vice President Abdul Rehman Naqi, Vice President Qazi Zahid Hussain, Former Presidents Haroon Agar, Shamim Ahmed Firpo, Muffasar Atta Malik, prominent industrialist Maqsood Ismail and KCCI Managing Committee Members also attended the meeting.
KP Finance Minister informed that abundant investment opportunities exist in the energy sector including the hydro power generation, transmission & distribution while the tourism sector, which has risen sharply by at least 4 times this year, also offers abundant opportunities to the hospitality industry. KP government was setting up four tourism zones to attract investors who can also look into the possibility of investing in the agriculture, mines & minerals, services and IT sectors etc.
Highlighting social sector initiatives taken by KP government, he particularly mentioned that KP was the only province whose every single resident holds a health insurance cover of up to Rs1 million which was an opportunity for businessmen associated with the health sector who can establish healthcare facilities in the province.
