Ground-breaking of five industrial units performed

Industrial units with estimated investment of Rs800 million will generate more than 400 direct, 900 indirect jobs

PESHAWAR:

Special Assistant to Chief Minister Khyber-Pakhtunkhwa (K-P) on Industries and Investment, Abdul Karim Tordher Thursday performed groundbreaking of five industrial units at Mohmand Economic Zone.

He also inaugurated one industrial unit.

Secretary Industries K-P Zulfikar Ali Shah and Chief Executive Officer (CEO), Khyber Pakhtunkhwa Economic Zones Development and Management Company (KP-EZDMC), Javed Iqbal Khattak and a large number of local industrialists were present on the occasion.

The newly inaugurated industrial units are Alam Ghee and Oil Mills Pvt Ltd, New Italian Marble Factory, MD Khan Marble Factory, Azmareez Marble Factory, and 3M Grinding Mill while the advisor also opened a mosque at the economic zone.

These industrial units with an estimated investment of Rs800 million will generate more than 400 direct and 900 indirect jobs after starting commercial production. The swift one-window approval mechanism and quick implementation by KPEZDMC is making Mohmand Economic Zone a fast emerging zone in industrial development.

The zone will invigorate industrial activities and uplift the socio-economic condition of the merged districts. This will create employment opportunities for the locals. Addressing the ceremony, Karim Khan said that the government is making all-out efforts for provision of conducive environment to investors and facilitating domestic and foreign investors.

He said that the provincial government is going to sign a formal memorandum of understanding with the Bank of Khyber (BoK) for provision of Rs20 million loans to businessmen through Rast Islamic banking and also providing a mineral sector specific loan for purchase of machinery to promote mechanized mining.

Published in The Express Tribune, February 18^th, 2022.