The industrialisation process in the country has been slow which has been the main reason for high imports and a massive trade deficit.
The government of KP has been working for the revival of industries and in this regard more than 160 industrial units have been revived so far. In a statement issued by the the Chief Executive Officer (CEO) Khyber Pakhtunkhwa Economic Zones Development & Management Company (KP-EZDMC), Javed Iqbal Khattak he attributed this success to the efforts kf the the provincial government and the company.He said that with the setting up of 9 new economic zones in the province within a period of two years, the provincial government has turned the dream of industrialisation into a reality.
He said that five more economic zones including one Special Economic Zone (SEZ) i.e. Daraban SEZ, Buner Marble City, Salt & Gypsum City Karak, Mansehra EZ and Katlang EZ are in the pipeline.
These initiatives of the company, the CEO said will bring an industrial investment of Rs338 billion in existing and newly launched economic zones in Khyber Pakhtunkhwa. These projects will help increase exports and bring decrease in imports and ultimately the economy of the province would be strengthened.