Peshawar: According to media reports released on Thursday, marble units in Peshawar and Shabqadar would be transferred to the Mohmand Economic Zone on the instructions of Khyber Pakhtunkhwa (KP) Chief Minister (CM) Mahmood Khan in December 2020. (October 7).
Read More: Mohmand Marble City turns into Special Economic Zone
According to the information provided, the government is assisting the owners by covering the transportation costs. The government has given 400 marble unit owners six months to relocate their machines, according to reports. Chief Executive Officer (CEO) Javed Khattak of the Khyber Pakhtunkhwa Economic Zones Development & Management Company (KPEZMDC) stated that KPEZMDC offers complete support to the owners.
Furthermore, the decision to relocate the marble units was made to solve the city’s marble industry’s environmental pollution problems. More information was provided, including the fact that the marble units will be allotted 184 plots (per acre) in the Mohmand Economic Zone. The government has given per acre plots for PKR 10 million on an easy instalment plan, according to reports. The owners must pay PKR 3 million at the time of relocation, with the remainder paid in instalments.
Read More: Plan in final stage to tap iron reserves in Chiniot, Kalabagh
According to the CEO of KPEZMDC, marble industries receive a lower rate than other industries. He went on to remark that because Mohmand district is in a mountainous area, construction costs are considerable. Furthermore, it was disclosed that the government spent PKR 1.4 billion on the development of the Mohmand Economic Zone as a state-of-the-art facility for industries with round-the-clock security, water, internet, and electricity.
Stay tuned with Tajarat Property for more updates or information about the top-notch real estate projects like Blue World City.