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  • Dec 1st, 2012
  • Comments Off on Khyber Pakhtunkhwa establishes BoIT
Government of Khyber Pakhtunkhwa has established the Khyber Pakhtunkhwa Board of Investment and Trade (KP-BoIT) to promote investment and trade in the province. According to a notification issued to this effect, Chief Minister Khyber Pakhtunkhwa will be patron-in-chief and chairperson of the board while its vice chairman will be from private sector.

Its other members will include Additional Chief Secretary, Secretary Finance Secretary Industries, one member each from four regions ie Peshawar region including Mardan, Kohat, D.I.Khan Region including Bannu Division, Malakand Division and Hazara Division.

Moreover four representative from different clusters of the economy ie agriculture, horticulture, livestock, poultry and honey-bee farming, mines and minerals, minerals development, energy and power, construction, tourism and hotels, transportation and communication, education and health services and two representative will include from Fata.

The functions of the KP-BoIT are to provide a pro-active one window operation facility to investors in the province also to identify the investment opportunities in the areas of hydel-power, mining, oil & gas, fruits & vegetables, and tourism sectors to investors, both local and foreign.

The BoIT will develop Public-Private Partnership models in various sectors of the economy and to guide and advise the Government of Khyber Pakhtunkhwa on matters related to investment. To plane, organise, and host conferences, seminars, exhibitions, conceptualisation of plan and implement marketing, image building will also include in the functions of BoIT.

The purpose of the establishment of the board of investment at this point in time is to put in place a forum ready to guide and assist the investors when the security situation in the province improves, hopefully in the near future. This initiative of the government will help to promote investment in all over the province and it will become useful source in elimination of unemployment in the province.

Copyright Business Recorder, 2012


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