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Sunday, February 20, 2011

Hoti urges expatriates to invest in Pakhtunkhwa

Hoti urges expatriates to invest in Pakhtunkhwa
The Frontier Post

PESHAWAR: Chief Minister Khyber Pakhtunkhwa Ameer Haider Khan Hoti has said that vast opportunities of investment exist in the sectors of oil & gas, hydle power, tourism and minerals in the province. He said the opportunities can be utilized for economic prosperity of the province and uplift of its people. Foreign investors should come forward and take benefit of these bountiful resources as government will provide them every possible security and other facilities. The Chief Minister said the elected government is carrying forward its economic-friendly policy as the important role of private investors cannot be overruled in the up bringing of a nation. The people and government of Khyber Pakhtunkhwa, the CM said despite challenges of militancy and floods were doing their utmost efforts to arise triumph from the situation. He was talking to the participants of "Business and Investment Conference" in Dubai's Sheraton Hotel which was organized by the ANP UAE aimed at devising a strategy for the uplift of economy and investment in Khyber Pakhtunkhwa. The Chief Minister said law and order situation gradually improving as the network of the terrorists has been broken and their strength has been weakened. All this was achieved due to support of the people, capacity building of the security forces and support of the political parties. He also laid great stress on the world community to play their role in elimination of terrorism and establishment of peace in this part of the world. Other speakers included Council General of Pakistan in Dubai Tariq Iqbal Soomro, President ANP UAE Senator Abdul Nabi Bangash, industrialists and investors while participants of the conference included Provincial Environmental Minister Haji Hidayatullah, GS ANP UAE Fazle Ghafar, President Afghan Chamber of Commerce and Industries Haji Ubedullah, Consulate officers, business community of UAE, industrialists and large number of ANP workers. The Chief Minister in his speech threw detailed light of KPK governments' endeavors to face the challenging circumstances in the aftermath of destructive floods, incidents of militancy, rehabilitation and reconstruction of the damaged infrastructure and opportunities of investment in rehabilitation process. The country was passing through a difficult phase as militancy caused huge influx of the local population, in some parts of the province and damages caused to the infrastructure due to long stay of Afghan refugees were the main reasons hurting the development process, the people of KPK paid a heavy price for the unrest in Afghanistan and struggle against growing militancy. The July 2010 devastating floods pushed the province ten years back viz-a-viz development process. Despite all these challenges the provincial government evolved a comprehensive development strategy 2010-17 with main focus on developing human resource, establishment of peaceful society, provision of equal opportunities, good governance and judicious utilization of the resources.

The KPK government needed four billion US dollars to rehabilitate the infrastructure damaged due to recent floods and terrorism and restoration services sector. The response of the world community for carrying out rehab and relief activities was good, however the pledges made were not honored till date he said adding the people of the country demonstrated well to the call during time of trails and tribulation.

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