IBDP to support home businesses

A memorandum of understanding (MoU) was inked between Khyber Pakhtunkhwa Economic Zones Development & Management Company (KPEZDMC) and Khyber Pass Economic Corridor (KPEC) SDU, P&D Department and Project Management Unit for the establishment of interim setup for Inclusive Business Development Park (IBDP).

The ceremony was held at KPEZDMC Head Office Peshawar on Tuesday where Khyber-Pakhtunkhwa Caretaker Minister for Industries, Commerce and Technical Education, Muhammad Adnan Jalil was the chief guest.

Secretary Industries Department Matiullah, CEO KPEZDMC Javed Iqbal Khattak and Project Director KPEC Imran Zahoor witnessed the signing event.

It may be mentioned that the MoU aims to establish an interim-set-up for the Inclusive Business Development Park (IBDP) at Economic Zone Hayatabad, Peshawar under the Operational Control of KPEZDMC.

The management committee established for IBDP will be responsible for oversight and other affairs of IBDP in this regard. The primary objective of park is to provide an enabling working environment and opportunities for economic development of SMEs in the province.

Furthermore, the park has been established through mutual collaboration of KPEZDMC and KPEC with an aim to support home based business and establish and expand businesses for a sustainable and inclusive economy.

The same initiative will work to enhance and establish networks amongst businesses, increase awareness and explore opportunities, facilitate knowledge creation and its disseminations and above all, provide platforms for B2B ventures.

IBDP is the cornerstone towards the creation and establishment of a market intelligence system within the province for the MSMEs.

Published in The Express Tribune, June 1^st, 2023.