Peshawar: Khyber Pakhtunkhwa (KP) Chief Minister (CM) Mahmood Khan on Monday said that the provincial government was focused on providing a conducive environment to investors in its efforts to boost revenue, according to news sources.
He expressed his views on the matter during a meeting wherein he was informed of the establishment of the Ease-of-Doing-Business Cell at the KP Board of Investment and Trade (KP-BOIT), in addition an online application system with an e-payment gateway.
The meeting was informed that a favourable credit line for Small and Medium Enterprises (SMEs) would also be initiated through the Bank of Khyber. The CM ordered the department restructuring of KP BOIT and other concerned agencies to improve advisory and facilitative processes for the investors.
CM Mahmood said that the government was trying to promote cross-border trade; adding that the opening of Torkham border for 24 hours had a great impact on all imports and exports.
The KP government has also formed a committee with the finance minister in the chair to encourage ease of doing business. The committee has – to date – conducted four consultative sessions with private and public stakeholders and completed mapping of 66 regulations across 15 different departments of the province.
These mapped regulations include elements like licenses, permits, registrations, no-objection certificates (NOCs), taxes, fees, charges, inspections and identifications of duplication of regulations.
The meeting was also informed that the draft of investment policy for the newly-merged tribal areas in its final stages.
Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.
