PESHAWAR: The KPBOIT (Khyber Pakhtunkhwa Board of Investment and Trade) has released its Investment Promotion Strategy 2021-2025, which focuses on projects that serve both domestic and export markets.
According to a statement issued here on Thursday, KPBOIT launched the strategy in collaboration with IFC, a World Bank Group member. The new approach, according to the study, is focused on proactively attracting investments and creating jobs.
It also aims to encourage reinvestment in the province and connect foreign direct investment to the domestic private sector to help companies get off the ground and minimize losses, layoffs, and divestments in the short term and stimulate new investment to help with recovery efforts.
The strategy focuses on investment projects to serve domestic and export markets that inject the private sector with world-class know-how, technology, and global market connectivity, especially in manufacturing, logistics, and IT-enabled services.
“Projects that will build employment in the province are the core of our five-year investment promotion plan. It will also assist in the preparation of a strong business case for private and foreign investment in a variety of sectors, including tourism, minerals, agri-processing, and manufacturing, according to Finance Minister Taimur Khan Jhagra.