The government of Khyber Pakhtunkhwa has established the Industrial Facilitation Authority (IFA) by merging the Small Industries Development Board (SIDB) and the Sarhad Development Authority (SDA) for the promotion of industries in the province. He said the new authority will play a major role in the development of industries in the province.
The decision was taken at a meeting chaired by KP Chief Minister Pervez Khattak.
In the meeting, the chief minister was agreed with the consensus decision for taking four members from the public sector and five from the private sector for the structuring of Industrial Facilitation Authority (IFA) for legislation, decision-making and administrative affairs of the new authority.
Similarly, he said the chairman of the board of directors would be hired from the private sector.
He praised the role of industrialists who in fact were waging jihad by creating employment opportunities for poor and unemployed people.
He said on the pattern of recently announced mineral policy, the KP government was also working on the formation of a provincial industrial policy. He said that all hurdles in way of industrial development would be removed.
He said the decision of the merger of SIDB and SDA and other industrial organizations was taken in the larger national interest to make it more attractive for industrialists, which he said was ample proof of the KP government's sincerity for industrial development in the province.
He also directed making clear progress in the establishment of Technical Education and Vocational Training Authority (TEVTA) and representation of local industrialists in this regard.
Secretaries of industries, labour, law and planning & development, authorities and representatives of the Khyber Pakhtunkhwa Chamber of Commerce & Industry (KPCCI), Special Assistant to the CM on Industrial Development Abdul Monim, Vice Chairman of Board of Investment & Trade (BoIT) Mohsin Aziz, Principal Secretary to the CM Mohammad Ashfaq Khan and Donors' Coordinator & Chairman of the CM Complaints' Cell Haji Dilroz Khan and others were attended the meeting.