SCCI, NCEG ink agreement to attract investment in mine, mineral sector
PESHAWAR: Sarhad Chamber of Commerce and Industry (SCCI), third prime chamber of Pakistan and the National Centre for Excellence in Geology (NCEG), University of Peshawar have joined hands to collaborate in joint research and proper mapping of mineral deposits in the province. In order to attract foreign direct investment in Khyber Pakhtunkhwa’s rich mineral and natural resources, a memorandum of Understanding (MoU) was signed between SCCI and CEG here at the chamber house on Friday. SCCI president Sherbaz Bilour and CCEG Director Dr Liaqat Ali signed the agreement meant to jointly carry out research and development in the mineral sector in the province. The chamber Senior Vice president Engineer Manzoor Elahi, faculty members Dr. Muhammad Hanif, Dr Khalid Latif, Research Asistant Faheem Ahmed and others were present on the occasion. As per the agreement, both sides would make vigorous efforts to attract investment as well as boost this important sector under a proper mechanism and policy. Sherbaz Bilour while speaking on the occasion said that the KP has rich natural mineral resources and has huge potentials to attract direct foreign investment by a proper building mechanism and policy. He lamented that mineral development was a highly neglected sector, which should be prioritized in order to attract investments. Blessed with a variety of rare and precious marble and mineral resources, SCCI chief said KP newly merged tribal districts are offering immense opportunities for domestic and international investors to earn maximum returns on their FDIs in this vital sector. – APP