Sarhad Chamber of Commerce and Industry (SCCI) has suggested the government to include area-specific concessions in Investment Policy 2013, to attract local and foreign investors in Khyber Pakhtunkhwa. The SCCI said that effective steps needed to boost up local and foreign investments in the war-affected KP, while it should also resolve the issues being facing business community on the priority basis.
This was stated by the SCCI President, Zahidullah Shinwari while talking to Federal Board of Investment Secretary, Imran Afzal Cheema during a meeting on Saturday. During the meeting, both sides have agreed to make joint efforts for promotion of investments, amicable resolution of issues relating to Federal Bureau of Revenue and Ministry of Commerce and Industries. It was also decided that steps would be taken for further strengthening regional office of FBI, while relevant information, data, investors profile would also be shared with newly created Khyber Pakhtunkhwa Board of Investment and Trade (KP-BOIT), and feasibilities with SCCI. The meeting was attended by the KP-BOIT Vice Chairman Mohsin Aziz, SCCI Vice President Mohammad Shafiq, Mohammad Taimoor Shah, executive members along with industrialists and businessmen.
"The local and foreign investment has been stagnated in Khyber Pakhtunkhwa, due to terrorism, inadequacy of power and gas supply and inconsistent economic policies of the successive governments in the past, said SCCI chief. Shinwari proposed for holding an investment conference in Peshawar, said a huge potential is being available for investment in hydel power generation, gems and jewellery, pharmaceutical and other manufacturing relating industrial sectors. He stressed the need for taking steps for more foreign direct investment (FDI) in the country.
