K-P signs MoUs with Malaysian investors

Areas of interest include halal food, micro-finance and natural resources

PESHAWAR: The Khyber-Pakhtunkhwa (K-P) government on Tuesday signed Memorandum of Understanding (MoU) agreements with a group of Malaysian investors to work towards halal food production, micro-finance and exploration of oil and gas in the province.



Led by former prime minister of Malaysia Abdullah Ahmad Badawi, the group of investors signed the agreements with three different provincial government entities at the chief minister’s residence in Peshawar.

According to the agreements, a halal food processing unit will be set up in the Ghazi Industrial Estate, while the Bank of Khyber agreed to micro-financing under which small-scale loans will be awarded in K-P. Additionally, the Khyber-Pakhtunkhwa Oil and Gas Company Limited (KPOGCL) signed a MoU for exploration of natural resources in the province.

Talking to media following the ceremony, K-P Chief Minister Pervez Khattak hailed the agreements as landmark achievements.

“The Malaysian food firm visited the Ghazi Industrial Estate where they have chosen 90 hectares of land for sitting-up a halal food processing unit,” he said. “The firm will not only start processing halal food, but will also issue certificates to already working halal food producers in the country.”



The chief minister added that due to the China-Pakistan Economic Corridor and restoration of peace in Pakistan, investors from all over the world are coming to the country for investment.

Published in The Express Tribune, April 5^th, 2017.

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