KP, Punjab agree to cooperate for promotion of investments
PESHAWAR: A delegation led by Advisor to Chief Minister Khyber Pakhtunkhwa on Industries and Commerce Abdul Kareem Khan called on Punjab Minister for Industries and Commerce Mian Aslam Iqbal at Punjab Board of Investment and Trade (PBIT) on Tuesday.
Both sides agreed upon mutual cooperation to enhance partnership and promote local investment.
The two sides exchanged views on the steps taken for the promotion of investment and reforms made in their respective provinces.
On this occasion, Abdul Kareem Khan said the Punjab government had taken excellent steps to increase investment opportunities and to facilitate the business community. “We want to benefit from the experience of Punjab and increase our partnership with Punjab in the industry and trade sector,” he added.
Mian Aslam Iqbal welcomed the KP delegation to Punjab and assured that the Punjab government would extend all possible cooperation to the Khyber Pakhtunkhwa government in the industry and trade sector. He said the Punjab government had set up 23 small industrial estates in the province and 13 special economic zones were also being established in Punjab. There were Sahulat and Modal bazaars to provide relief to the masses and one modal bazaar would be set up in each tehsil on a permanent basis, he added.
The provincial minister said under the Punjab Rozgar Scheme easy loans from Rs 100,000 to Rs 10 million were also being provided for starting new businesses. He said that commercial courts were being set up under Punjab Commercial Courts Ordinance 2021. Ten NOCs (No Objection Certificates) had been issued within a year for setting up new cement plants in the province, while billions of rupees of domestic and foreign investment had come to Punjab.
He said the number of students in 403 institutes of TEVTA (Technical Education and Vocational Training Authority) had also been increased from 90,000 to 233,000, he apprised the KP delegation.
Punjab Industry and Commerce Secretary Dr. Wasif Khurshid, Punjab Board of Investment & Trade CEO Dr. Erfa Iqbal, Punjab Small Industries Corporation (PSIC) Managing Director Tahir Wattoo, TEVTA CEO, and other officers concerned were also present. – APP