PESHAWAR: Khyber Pakhtunkhwa Minister for Finance, Taimur Salim Jhagra Thursday said the government had prepared a new industrial policy for the promotion of business and commerce activities in the province.
He was addressing a video link meeting held by the KP Board of Investment and Trade to discuss business opportunities in the backdrop of coronavirus pandemic.
Jhagra said special desks had been established to promote business, a system of dual tax had been revoked and tax reforms introduced for a congenial environment for stakeholders.
He informed that reviewed Industrial Policy 2020 comprises three basic elements including the revival of sick and low productivity industrial units, provision of needed infrastructure, and encouragement of medium level businesses.
The minister said the foundation stone of the Rashakai Special Economic Zone would be laid very soon after the corona pandemic. Licenses, permits, NOC, registration, and taxes would be deregulated in 16 different sectors to promote investment and boost industrial development, he added.
He said that the KP government welcomes investment adding businessmen and industrialists would be facilitated and provided needed assistance.