AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

PESHAWAR: As a result of the provincial government’s industrialization agenda, 617 new industrial units have been established across Khyber Pakhtunkhwa since 2014.

A press release issued here on Saturday stated that Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC) has recorded an overwhelming response in its Economic Zones as investors have shown keen interest in establishing industrial units across KP.

Gadoon Amazai, once considered a graveyard for industries, has been remarkably restored with the establishment of new industrial units by adding several mega projects by national and international business groups, it added.

Despite the challenging times, according to the statement, a notable number of sick units have been revived in Khyber Pakhtunkhwa, while new industries are keen to set up their businesses. As a result of the Provincial Government’s industrialization agenda, 617 new industrial units have been established across Khyber Pakhtunkhwa since 2014, the press release said.

Furthermore, according to the press release, the government has taken various steps for the purpose filling decision related to ease of doing business that includes setting up “Ease of Doing Business Cell”, while also establishing industrial facilitation centers across all Economic Zones by providing one-window facility to the investors.

Moreover, it added that the Government has also exempted 120 small trade businesses from trade license fees and inspection of Town Municipal Administration (TMA). Sales tax had been reduced from 15 % to 2% on services for 27 categories, while 19 categories were exempted from professional tax upon registration with KPPRA.

The recent establishment of the new Economic Zones, i.e., Jalozai, Nowshera (Extension), Mohmand, Rashakai Special Economic Zone and DI Khan Economic Zone would go a long way in realizing the concept of state-of-the-art Zones attracting foreign direct investment, paving the way for not only industrial growth but also for providing vast opportunities for employment in the province.

The Company also appreciated the Provincial Government and Board of Director’s support for their backing and guidance towards fast track industrialization in Khyber Pakhtunkhwa.

Copyright Business Recorder, 2020

Comments

Comments are closed.