The creation of four new industrial parks and the board's master plan have been given clearance by the Board of Directors (BoD) of the Small Industries Development Board (SIDB) of Khyber Pakhtunkhwa. The decision was made during a meeting presided over by Special Assistant to the Chief Minister (SACM) Abdul Karim Khan. The board also ordered the SIDB’s administration to advertise plots in the Peshawar Industrial Park with immediate effect, and local and overseas investors should be given opportunities on a priority basis.

The board has also designated agricultural, surgery, sports, carpet manufacturing, solar panel, mobile phone, automobile, and cycle manufacturing units as priority sectors for the building of units in the Peshawar Industrial Park. The special assistant also instructed the SIDB’s management to ensure quick land acquisition for the Small Industrial Park Peshawar and another 1,250 kanal of land for the Small Industrial Park Bannu near Kasho Bridge connected to the China-Pakistan Economic Corridor route.

Additionally, the board has approved the creation of industrial parks in Kurram Upper, Kurram Lower, and Dir Lower in order to encourage industrialization in these regions, create local employment opportunities for residents, and bring these underdeveloped areas on par with other developed regions of the province.According to the special assistant, the establishment of a new industrial park in Peshawar after a lengthy time of 60 years is a revolutionary move. The new industrial complex will create employment opportunities for the residents in addition to luring investors.

Credit : Independent News Pakistan-WealthPk