PESHAWAR: Particular Assistant to Chief Minister Khyber Pakhtunkhwa on Business, Abdul Karim Khan on Thursday urged upon the federal authorities to expedite work on the coverage of supplying electrical energy to industries in KP on wheeling fees.
“If the federal authorities offers facility of electrical energy provide to industries on wheeling fees, it could give an impetus to the industrialization coverage of KP and entice extra industries in addition to creating livelihood for folks at this tough time of financial recession.”
He expressed these views whereas speaking to newsmen after performing inauguration of a marble and granite industrial unit and groundbreaking of a highway undertaking in Mohmand Industrial Zone, one amongst 14 newly established industrial clusters by Khyber Pakhtunkhwa Financial Zones Growth and Administration Firm (KPEZDMC) over the past couple of years.
He stated that Pakhtunkhwa Power Growth Group (PEDO) was engaged on a number of mini micro hydropower tasks within the province to supply power demand and the motivation of low cost and uninterrupted electrical energy to the business would promote industrialization within the area reeling by way of the affect of decades-long wave of militancy and terrorism.
Abdul Karim stated the federal authorities ought to work on tasks supplying electrical energy to business from Malakand Hydel Energy and Pehur Hydro-power undertaking on wheeling fees.
Within the prevailing circumstances of financial recession, it’s crucial to take such measures that may present ease to businessmen in addition to attracting buyers within the nation generally and KP particularly, Karim added.
He apprised newsmen that with the inauguration of a brand new industrial unit, the variety of complete operational models within the Mohmand Industrial Zone has reached eight. Whereas work over 13 is in progress and three are close to completion and can quickly begin operation.
The industries established in Mohmand are associated to marble and granite, metal fabrication, oil and vegetable and stone crushing.
Within the newly established industrial zones, KPEZDMC is offering state-of-the-art services together with 24/7 electrical energy, foolproof safety, water provide, and facilitation in coping with totally different authorities departments.
KPEZMDC has additionally inked MoU with Financial institution of Khyber for the opening of its branches in these industrial zones and shortly a department might be arrange in Mohmand district.
He additionally demanded exemption of gross sales tax on electrical energy for industries in financial zones as have been allowed to industries performing out of the zones.
For a degree enjoying discipline, these industries also needs to be offered the identical facility as is being offered to others for guaranteeing honest competitors in manufacturing price, Karim confused.
He stated the KP authorities by way of KPEZDMC has arrange 14 new industrial zones in addition to upgrading three current ones.
These measures have resulted within the organising of a lot of industries within the province and the supply of employment in hundreds of numbers.
In D.I. Khan at Darzanda there was just one industrial unit and now 15 are operational after the institution of the economic zone, he added.
About Mohmand industrial zone, he stated, a abstract has been moved to the Board of Funding BoI to declare it as a Particular Financial Zone which might be linked to Torkham sooner or later by development of highway for onward commerce with Afghanistan and Central Asian Republics.