Khyber Pakhtunkhwa Economic Zones Development and Management Company (KP EZDMC) has invited application from industrialists and investors for incentives offered under KP industrial policy. To attract the investment and in order to uplift the socio-economic status of Khyber Pakhtunkhwa, the provincial government for first time announced an industrial policy in 2016 to ensure the sustainable development of industries across the province.
The KP EZDMC, Board of Directors in its 23rd meeting held on July 10, 2018 has approved the procedural mechanism for the swift and transparent processing and disbursement of incentives offered the industrial policy. The processing and disbursement will be on first come and first serve basis after receiving complete applications. The applicants, who have already applied for incentives, need not to re-apply.
The incentives offered under the industrial policy 2016 are included the bearing of 5% mark up on financing of plant and machinery for five years for new/expansion projects availed up to December, 2019. The financing of 25% cost of property (plots) acquired for setting up industrial units in new economic zones up to December, 2019 and also the bearing of 25% of electricity bill for 3 years of new and unique produces once the company starts supply the power to end users.
Similarly, 25% discount incentive will also be available for inland transportation of all imported plant and machinery for installation and subsequent operation in Khyber Pakhtunkhwa.