K-P to take part in 2020 Dubai World Expo: CM

Delegation from Abu Dhabi presents economic revival formula

PESHAWAR: Chief Minister Mahmood Khan revealed on Friday that the Khyber-Pakhtunkhwa government will participate in 2020 Dubai World Expo for the promotion of tourism and other sectors of the province.

The world expo is held every five years in different cities of the world by Bureau International des Expositions (BIE).

Talking to a representative delegation of Abu Dhabi Chamber of Commerce, Chief Minister Mahmood said that a high-level delegation of K-P consisting of tourism, health, education and industry will go to Abu-Dhabi for discussing opportunities in bilateral trade and investment very soon.

The CM welcomed offer of the delegation for investment in different sectors of K-P. Mahmood Khan also welcomed the formula for economic revolution in the province and assured that the said formula would be taken up with the federal government.

Provincial Finance Minister Taimur Saleem Jahgra, Provincial Spokesperson Ajmal Khan Wazir, Advisor to CM on Education Ziaullah Bangash and officials concerned attended the meeting.

The delegation members included Khan Zaman Saroor, Dr Niaz Ahmad Khan, Habib Ahmad, Fazle Ahad Bacha and Zamurd Buneri.

Dr Niaz Ahmad briefed the meeting about the economic formula to boost the economy of the province. He revealed that the formula will change the whole economic picture of the province suddenly.

Dubai expects World Expo 2020 to boost sluggish real estate market

At least five million people will get jobs and also will fulfill the requirements of fiscal year budget. He further told the meeting that this will reduce inflation, tax and duties in the province. This is a zero risk formula from which the government will get its economic goals and objectives. The economic formula will promote interest free banking where the people of the province as well as investors can be supported fully.

Dr Niaz Ahmad described different features, its implementation, monitoring and establishment of monitory fund through this economic formula.

The CM appreciated this revolutionary economic formula of the delegation and said that the provincial government will take up this formula with the federal government. Mahmood assured that he will present this formula to federal government and will also support the formula for implementation at all level.

The delegation also informed the meeting about Dubai World Expo 2020 and requested the provincial government to participate in the expo so as to promote bilateral tourism between the Pakistan and UAE. Besides this there are vast opportunities for investment in the oil and gas field between the two countries.

The chief minister said that to provide jobs opportunities to our young generation is the top priority of our government. He said that those companies and firms who take interest to invest in KP will be provided human resource and other facilities also. The meeting agreed in principle with the requirement of training for investors in health, education and marble sectors of the province. The meeting also agreed with the suggestion to facilitate Pakistani labours and to support drivers in getting driving license in Dubai, Abu Dhabi and other states of United Arab Emirates.

The delegation revealed that several investors and companies of UAE especially of Dubai and Abu Dhabi have deep interest to invest in K-P in all sectors. The government of UAE is also keen for bilateral investment and for this purpose government to government coordination is necessary. CM Mahmood revealed that to utilise this opportunity and to promote tourism and investment in the province, he will constitute a high level delegation and will send to Abu Dhabi for the purpose.

He directed that a meeting will be convened to prepare a full fledge plan for this purpose where all the stakeholders will be taken in loop.

Published in The Express Tribune, January 19^th, 2019.