Peshawar: According to news reports, KP Minister for Industries Abdullah Karim Tordher met with a delegation from the Karachi Chamber of Commerce and Industry (KCCI) led by President Mohammad Idrees on Tuesday (October 05) and invited them to invest in province Special Economic Zones (SEZs).
Minister Tordhar informed the audience that the KP government plans to construct 13 economic zones in the province during the next few months. He added that development on seven of the total planned SEZs is already started, with work on the remaining SEZs likely to begin soon.
Furthermore, the KP minister noted that the province’s business climate is favourable for investment, and that the administration has already eliminated 17 different types of taxes to help enterprises.
The government has also chosen 19 industrial locations across the province for increased exports and import substitution, according to the minister. He urged Karachi’s business community to engage in jewels, gypsum, mines and minerals, hunting arms, cold water fishing, hydropower, fruits and vegetables, organic fruits, and the tea industry, among other things.
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In addition, the minister informed the team on road infrastructure and connectivity projects totaling USD 400 million that will facilitate the transportation of products and promote tourism.
During the meeting, Karachi’s businessmen requested that the minister grant 5- to 10-year tax exemptions, as well as industry-friendly policies and services, to encourage industrialists to invest in KP.