Peshawar
The Caretaker Minister for IC&TE & TA, Syed Aamer Abdullah, today visited Mohmand Economic Zone, an initiative of the Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC). This visit marked a significant milestone in the region’s economic development, particularly Newly Merged Districts (NMD’s) with the Caretaker Minister inaugurating HMB Oil and Ghee Mills Pvt Ltd, Alam Ghee and Oil Mills Pvt Ltd and groundbreaking Inspire Flour & General Mills. During the visit, Caretaker Minister was accompanied by Javed Khattak, CEO of KPEZDMC along with senior management team. The total investment from these three units is estimated to be PKR 1.2 Billion while providing employment opportunities to 550 people, mostly locals belonging to the NMD’s.
The Mohmand Economic Zone, situated in a strategically important location, is poised to become a thriving hub for industrial and commercial activities, offering numerous opportunities for investors and local communities. It is expected that Mohmand Economic Zone will be awarded status of a Special Economic Zone (SEZ), where the investors will benefit from SEZ incentives. An application in this regard is under process and the Federal Board of Investment has already been engaged for this purpose. The Caretaker Minister’s visit underlines the Government’s dedication to fostering economic growth and industrial development in Newly Merged Districts.
During his visit, Caretaker Minister emphasized the importance of industries establishment and encouraged investors to explore the vast potential of the Mohmand Economic Zone. He highlighted the Government’s commitment to create a conducive business environment that will attract both domestic and foreign investors, ultimately driving economic growth and prosperity in Khyber Pakhtunkhwa. Moreover, he laid emphasis on Corporate Social Responsibilities (CSR) in the area where the stakeholders should contribute. This should include medical dispensaries, basic health unit, education, scholarships for the technical education, and other facilities for the locals. He also recommended to enhance the capacity of food and beverage units operating within the zone, focusing on areas like food safety and hygiene, quality control, waste management in coordination with Halal Food Authority. KPEZDMC in partnership with Pakistan Council of Scientific and Industrial Research (PCSIR) is also in advance stages to initiate a project on the slurry management of marble waste, whereby disposing hazardous material in a controlled manner to the environment. The said project would introduce the establishment of settling tanks, the Caretaker Minister proposed to have them installed at all the zones that comprise of marble factories.
During the visit he also traversed the entirety of Mohmand Economic Zone, providing an opportunity for the Caretaker Minister to interact with local business leaders, entrepreneurs, and workers. He expressed his appreciation for the dedication and hard work of the business community in supporting the development of this vital economic zone.
The Caretaker Minister’s visit to the Mohmand Economic Zone demonstrates the Government’s unwavering commitment to promoting industrial and commercial activities in Khyber Pakhtunkhwa, with KPEZDMC as a key facilitator. This initiative not only marks a significant step in advancing the region’s economic agenda but also emphasizes the Government’s efforts to create a more prosperous and vibrant future for its citizens, particularly in Newly Merged Districts.
