Rs50m grant for KPK investment board

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PESHAWAR - Khyber Pakhtunkhwa Minister for Industries, Commerce, Labour and Technical Education Bakht Baidar Khan has given a cheque of Rs50 million as grant-in-aid for the establishment of Khyber Pakhtunkhwa Board of Investment and Trade.

The cheque was handed over to President Khyber Pakhtunkhwa Chamber of Commerce and Industries Dr Muhammad Yousaf Sarwer on behalf of the Industries Department.

Representatives of the Khyber Pakhtunkhwa Chamber of Commerce, high-ups of the Industries Department and other relevant officers were present on the occasion. The minister stated that the provincial government was giving importance to the industrial development. He said when the industrialists became stable economically they would help pull the country out of economic crisis.

The minister regretted that the Khyber Pakhtunkhwa was facing a big problem of unemployment and the government was trying to take industries towards development. He said the education was also playing an important role to reduce joblessness.

The minister said that the Khyber Pakhtunkhwa was replete with natural resources particularly gas in Kohat and water resources for hydel projects in the northern districts.

He said all efforts were being made for better exploration and utilisation of natural resources and the government was trying its level best to develop the industrial sector as well.

Courtesy: Nation

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