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KP established 9 new SEZs, revives 167 models in previous 4 years: CM

PESHAWAR: Chief Minister Mahmood Khan has stated that the provincial authorities throughout final 4 years had established 9 new Particular Financial Zones (SEZs) and revived 167 sick industrial models.

In an announcement issued from the Chief Minister’s Secretariat right here Sunday, the chief minister stated that the brand new financial zones embody Jalozai Financial Zone, Nowshehra Financial Zone (extension), D.I Khan Financial Zone, Rashakia Particular Financial Zone, Chitral Financial Zone, Hattar Particular Financial Zone, Bannu Financial Zone, Ghazi Financial Zone and Mohmand Financial Zone. Moreover, Daraband Particular Financial Zone, Salt and Gypsum Metropolis Karak, Buner Financial Zone, Katlang Financial Zone and Mansehra Financial Zone can even be launched quickly.

An funding of round Rs. 338 billion has been made within the above-mentioned financial zones whereby 167 sick industrial models have been revived and 366 new industrial models established.

The chief minister termed industrial growth as important significance for financial stability and stated that the incumbent provincial authorities was paying particular consideration to the economic sector with the intention of making employment and livelihood alternatives. He added that the provincial authorities was striving exhausting to offer a conducive surroundings for industrialists and appeal to funding.

He made it clear that financial development may solely be attainable by rising exports by industrialization, which wanted honest and devoted management to serve frequent residents.

The Khyber Pakhtunkhwa Authorities is working beneath a complete and nicely devised technique to develop the economic sector on fashionable traces, he stated including that multi-dimensional growth actions had been in full swing throughout the province to stabilize the provincial financial system in addition to to offer employment alternatives for the youth.

Mahmood Khan acknowledged that the provincial authorities was engaged on establishing various new financial zones along with reviving sick industries within the province. Introduction of the economic coverage 2020, the Khyber Pakhtunkhwa Commerce & Commerce Technique 2020 and funding promotion technique are amongst the vital coverage initiatives of his authorities aimed toward selling the economic sector as per up to date wants, he expressed.

The Chief Minister stated that the provincial authorities was additionally taking steps to advertise self-employment within the province, including that loans of Rs one billion had been supplied to youth beneath the primary part of the Insaf Rozgar Scheme for launching small and medium scale companies whereas the second part of Rozgar scheme had additionally been launched.

It’s pertinent to say right here that 71 growth schemes have been mirrored within the present Provincial Annual Growth Program to make sure growth of the economic sector on a sustainable foundation. So as to promote small and medium entrepreneurs within the province, Saaf Finance Scheme price Rs12 billion has been launched. To advertise worldwide funding within the province, 44 MoUs price $8.0 billion have been signed at Dubai Expo 2020.

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