Mahmood Khan, the chief minister of Khyber Pakhunkhwa (KP), reported that during the previous four years, the provincial administration had created nine new Economic Zones (EZs) and revived 167 failing industrial units.
The chief minister said that the new economic zones include Jalozai Economic Zone, Nowshehra Economic Zone (extension), D I Khan Economic Zone, Rashakia Special Economic Zone, Chitral Economic Zone, Hattar Special Economic Zone, Bannu Economic Zone, Ghazi Economic Zone, and Mohmand Economic Zone in a statement released from the Chief Minister’s Secretariat here on Sunday. Buner Economic Zone, Katlang Economic Zone, Salt and Gypsum City Karak, Daraband Special Economic Zone, and Mansehra Economic Zone will also soon be established.
In the aforementioned economic zones, an estimated Rs338 billion has been invested, leading to the establishment of 366 new industrial units and the revival of 167 ailing industrial units.
The chief minister referred to industrial development as being crucial for maintaining economic stability and stated that the current provincial administration was giving the industrial sector significant attention in order to foster job and livelihood prospects.
He continued by saying that the province government was working hard to create an environment that would be favourable to industrialists and draw in investment. He emphasised that industrialization, which would increase exports and require true and committed leadership to serve ordinary residents, was the only way to achieve economic progress.
