USAID and Sarhad Chamber of Commerce and Industry (SCCI) on Monday signed a memorandum of understanding (MoU) to provide financial assistance to Khyber Pakhtunkhwa for its economic revival. Peshawar based US Consul General, Elizabeth H Rood signed the MoU on behalf of the USAID while president SCCI Riaz Arshad represented SCCI. Talking to media, Rood said that the economy of Khyber Pakhtunkhwa was facing enormous challenges due to militancy and extremism and natural disasters.
The MoU aims to involve the chamber, provincial government, civil society, academia and experts to develop a vision for the economic growth of the province in the coming years. She said that they wanted a brighter and prosperous future of the Khyber Pakhtunkhwa adversely affected by the recent super flood.
Giving details of the MoU, she said that funds would be provided for trade, communications, agriculture and other sectors of Pakhtunkhwa province that was badly affected by the devastating floods. To a question regarding the revival of the sick industrial units of the province, she said that they would in collaboration with SCCI in this regard.
Referring to relief activities in the flood affected areas, she said that more than 20 helicopters stationed at Ghazi base are carrying operations in Kalam and Kohistan while other relief activities for the flood affected areas is also continued.
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