Future investments: K-P govt to provide incentives to foreign investors
A visiting delegation has shown interest in investing in Nowshera Motorway Mega City.
A network of universities, colleges, schools and technical training institutions would be established in this education city. DESIGN: CREATIVE COMMON
PESHAWAR:
The Khyber-Pakhtunkhwa (K-P) government has decided to provide all facilities to investors and entrepreneurs under a hassle-free one window operation, Chief Minister (CM) Pervez Khattak said on Thursday.
Khattak told a visiting group of foreign investors from Japan, Korea and Saudi Arabia regarding development works in the city, housing and mineral development. The delegation was led by Chairman Tharawat Capital Dr. Ahmed S. Al-Zubeidi.
The group offered special investments for the K-P government’s new housing plan called Nowshera Motorway Mega City near Col. Sher Khan Interchange.
Khattak, while addressing the participants, said the provincial government was ready to extend all incentives and guarantees to foreign investors. He also said they would be provided tax incentives in all sectors, including housing and mineral development and the mega city in particular.
Secretary for Housing Zahid Arif briefed the group on the project, detailing the proposed area of 10,000 acres at the border of Nowshera and Swabi districts, along the Peshawar-Islamabad Motorway.
Arif highlighted that a major chunk of land has been reserved for the education city on the directives of the CM. A network of universities, colleges, schools and technical training institutions would be established in this education city, and efforts will be made to ensure its progress in education and research sectors for students and scholars all over the world; especially those from neighbouring countries.
Similarly, a commercial estate and a health city plan will also be launched, comprising teaching hospitals, medical and research health centres.
With power being a major thorn in any endeavour, the participants were told that the proposed project will be powered by its own hydro power station built on nearby canals and the Kabul River.
Secretary for Mineral Development Mian Waheedudin highlighted the avenues for exploration and utilisation of precious mineral resources, available in various parts of the province.
The investors group showed interest in the projects and planned to visit sties in the coming fortnight, following the consent of the CM for public and private partnership in these sectors.
The Khyber-Pakhtunkhwa (K-P) government has decided to provide all facilities to investors and entrepreneurs under a hassle-free one window operation, Chief Minister (CM) Pervez Khattak said on Thursday.
Khattak told a visiting group of foreign investors from Japan, Korea and Saudi Arabia regarding development works in the city, housing and mineral development. The delegation was led by Chairman Tharawat Capital Dr. Ahmed S. Al-Zubeidi.
The group offered special investments for the K-P government’s new housing plan called Nowshera Motorway Mega City near Col. Sher Khan Interchange.
Khattak, while addressing the participants, said the provincial government was ready to extend all incentives and guarantees to foreign investors. He also said they would be provided tax incentives in all sectors, including housing and mineral development and the mega city in particular.
Secretary for Housing Zahid Arif briefed the group on the project, detailing the proposed area of 10,000 acres at the border of Nowshera and Swabi districts, along the Peshawar-Islamabad Motorway.
Arif highlighted that a major chunk of land has been reserved for the education city on the directives of the CM. A network of universities, colleges, schools and technical training institutions would be established in this education city, and efforts will be made to ensure its progress in education and research sectors for students and scholars all over the world; especially those from neighbouring countries.
Similarly, a commercial estate and a health city plan will also be launched, comprising teaching hospitals, medical and research health centres.
With power being a major thorn in any endeavour, the participants were told that the proposed project will be powered by its own hydro power station built on nearby canals and the Kabul River.
Secretary for Mineral Development Mian Waheedudin highlighted the avenues for exploration and utilisation of precious mineral resources, available in various parts of the province.
The investors group showed interest in the projects and planned to visit sties in the coming fortnight, following the consent of the CM for public and private partnership in these sectors.