KPK signed agreement with Chinese

PESHAWAR: KP government has signed an agreement with China Road and Bridge Corporation (CRBC) for development of Hattar Special Economic Zone-Ext (1,000 acres).

In pursuance of the MoUs signed in KP-China Roadshow (April 2017), the Government of Khyber Pakhtunkhwa after deliberations signed the agreement with CRBC to develop Hattar Special Economic Zone-Extension that is expected to generate 100,000 job opportunities.

KPEZDMC along with China Road and Bridge Corporation- a Company state owned enterprise by the Government of the People’s Republic of China plans to develop 1000 acres of land as Special Economic Zone at Hattar.

Hattar Special Economic Zone will have industries like Pharmaceutical, Textile, Food and Beverages, steel and various engineering related industries.

The agreement was signed by Adil Salahuddin, interim Chief Executive Officer, KPEDMC on behalf of the Government of Khyber Pakhtunhwa and Li Zhihuai, General Manager CRBC, Pakistan at Chief Minister KP Secretariat. The ceremony was attended by CM KP, Secretary P&D, Secretary Industries and Chairman KPBOIT.

Investment of Rs 100 billion is expected by industrialists from Pakistan and abroad. The existing SEZ at Hattar has been fully booked and construction of few factories has already begun. Due to exceptional demand by investors at Hattar, the KP government has imposed section 4 on 1000 acres of land to develop the extension of SEZ.