Government determined to create an enabling environment for investment in Fata: Engr. Shaukatullah khan
Islamabad: A meeting on the establishment of an Investment Promotion council (IPC) for FATA and KPK was held in Islamabad today. Federal Minister for SAFRON Engr. Shaukatullah Khan chaired the meeting and Mr. Khalid Aziz Chairman Regional Institute of Policy Research and Training (RIPORT) briefed about the activities of the Investment Promotion Council. Federal Secretary Habibullah Khan, representatives of USAID, high officials of Ministry of SAFRON and FATA Parliamentarians also attended the meeting.
While chairing the meeting Federal Minster for SAFRON said that the foreign and internal investment in FATA is need of time, because post-flood and terrorism ruin the economy of the region.
The minister stressed on encouraging use of cluster-based approaches for efficient economic development in marble, fossil fuels, minerals, agro-based industry and manufacturing industries, because the FATA has identified of areas with rich natural resources. He said that there is need of establishment of training and incubation centres for entrepreneurial and skill development projects, adding that it should also been established for the people of FATA.
He directed to stakeholders to work closely with state and provincial agencies, all banks and financial institutions extend its facilities of access to credit for business and economic growth of FATA and KPK.
The minister also underlined the need for mobilizing of private sector and donors financing in support of different activities in FATA and KPK for economic growth. He hoped that agriculture loan should be started for remote areas of FATA and KPK and adding that the people of these areas should trained for use of such loan in befitting manners.
Engr. Shaukatullah Khan assured that the government is determined to concentrate on its core functions including security, regulation, provision of social and municipal services and creation of an enabling environment for investment, he concluded.
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