Rail communication project KP and Chinese company inks MoU

Chief Minister Khyber Pakhtunkhwa Pervez Khattak said the provincial government is focusing on investment facilitation in the diversified advantages of the province. “The province offers tremendous potential and avenues for investment” but unfortunately none explored and exploited its advantages to make the base for the prosperous and developed Pakhtunkhwa, he added.

He was talking to a Chinese consulting company at Chief Minister House Peshawar. Concerned officials attended the meeting.

An MoU was signed with the China Railway Engineering Corporation (CREC) for the identification and implementations of the project in rail communication in Khyber Pakhtunkhwa.

He enumerated a number of schemes in hydel power generation, industrialization of large, medium and small scale in the province and made the province an investment friendly. Resultantly, his government was making agreements with both domestic and foreign investors and hopefully this province would have a better and prosperous future, he added.

At governance level, Pervez Khattak reminded the government’s efforts for bringing efficiency, dynamism and removing obstacles in the process of investment facilitation that led to the engagement of foreign investors to land here for investment as it was fast becoming the land of opportunities and the most suitable destination for investment, he added.

He was comfortable with the creation of boards and authorities to make professionally correct decisions for industrialization and investment facilitation. This is a departure from the past practice of accumulating power and authority and concentration of power in the ruling elite to the decentralized power approach with autonomous board and authorities which are independent in their workings and functions.

He also talked about the EZDMC, an independent body for investment facilitation in the province of Khyber Pakhtunkhwa.