Peshawar: The Khyber Pakhtunkhwa Economic Zones Development Company (KP-EZDMC), in an effort to promote local investments, has joined forces with the business community to ensure their allotments of plots in the province’s new industrial estates, according to news sources.
The agreement was announced in a
joint meeting as per the official statement issued on Sunday. The attendees of
the meeting agreed to hold a consultative meeting on a later date, with all the
trade bodies to encourage investment in Khyber Pakhtunkhwa (KP).
The KP-EZDMC and business community’s joint meeting additionally agreed to introduce a one-window facility for the allotment of the plots in the new industrial estates. This facility is expected to provide simplified processing of application forms and technical support to local traders, especially in light of the downturn in trade activities and increased unemployment caused by the ongoing industrial lockdown.
The meeting further proposed waiving off all utility bills and mark ups on bank loans for the adversely affected industries and small and medium-scale enterprises (SMEs). Chief KP-EZDMC Javed Iqbal Khattak assured the business community that their proposals would be tabled before the authorities concerned and that the standard operating procedures (SOPs) were already being formulated for reopening of industries.
In response, the business
community representatives called for the prioritisation of local industrialists
in order to encourage investment, and to use the Turkish model in the local
industry to encourage the development of the sector and curb unemployment.
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.
