PESHAWAR-The Khyber Pakhtunkhwa (KP) Board of Investment and Trade (BoIT) has given the final touches to the plan of establishing an export processing zone for a copper mining and processing project in North Waziristan, for which fifteen hundred acres of mining lease has been acquired through the provincial government.
Over 11,000 tonnes of copper will be extracted and processed daily from this lease. This was revealed during a briefing given to provincial caretaker Minister for Industries, Commerce and Technical Education Adnan Jalil during his visit to the BoIT headquarters in Peshawar on Sunday.
Adnan Jalil, while eulogising the overall performance of the board, also expressed his satisfaction over the establishment of special industrial zones and industrial estates in the province as well as opening the new doors for billions of dollars of private investment in the numerous sectors of tourism, science and technology, IT, agriculture, livestock, infrastructure, mines, minerals and energy.
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He assured full support on behalf of his provincial government in this regard. He further appreciated the board’s 14-km cable car project from Kumrat to MadakLasht, an attractive tourist destination of Dir Upper, which will provide employment to 35,500 people with a private investment of Rs25 billion while the adjacent skiing, walking tracks and hotel industry, would increase its international attraction, he added.
Adnan Jalil also praised the role of the board in attracting investment for the establishment of eleven different industrial units including steel, ceramics, solar energy, oil extraction and solvation, chemicals, beverages and electric cables and wires in different parts of the province. He expressed the hope that the board will fulfil its onerous responsibilities for the industrial development of Khyber Pakhtunkhwa including the merged districts.