K-P to provide comprehensive facilities to investors

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Our Correspondent October 05, 2024
A craftsman checks a gemstone at a workshop in Peshawar. PHOTO: AFP

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PESHAWAR:

In a meeting focused on the development of the gemstone business and sports promotion in Khyber-Pakhtunkhwa, Chief Secretary Nadeem Aslam Chaudhry has directed the authorities to provide comprehensive facilitation to investors, entrepreneurs, and businessmen engaged in the gemstone industry.

While chairing the meeting attended by representatives from the business community and key officials including the secretary industry, secretary sports, and director general Peshawar Development Authority, the Chief Secretary highlighted the immense untapped potential of the gemstone sector in the province.

"Khyber-Pakhtunkhwa holds a wealth of precious gemstones that, if fully capitalized, can significantly contribute to the province's economic growth and create new opportunities for local and international investors," he stated.

He emphasized that the government is committed to creating a conducive environment that encourages private sector investment, ensuring ease of business processes, and providing the necessary infrastructure for the gemstone trade to flourish.

He further directed the authorities to expedite measures that simplify and streamline procedures, attracting more stakeholders into the industry and contributing to the prosperity of the region.

In addition to discussions on the gemstone business, the meeting also deliberated on strategies to promote sports activities in K-P.

The Chief Secretary underscored the province's reputation for producing athletes of international caliber and stressed the importance of creating a professional environment where sponsorship and private investments drive sports development.

"Thanks to significant improvements in sports facilities and playgrounds, K-P is now ready to host national and international sporting events, which will not only elevate the profile of our athletes but also boost the province's image," the Chief Secretary remarked.

He directed the sports authorities to accelerate efforts in organizing such events and to foster partnerships between the private sector and sports associations.

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