KP inks MoUs worth $8bn during Dubai Expo

MoUs signed at 9th Board meeting of Khyber Pakhtunkhwa Board of Investment and Trade

PESHAWAR: Khyber Pakhtunkhwa government has signed 44 Memorandum of Understanding (MoUs) worth $8 billion with foreign investment companies during Dubai Expo.

The 9th Board meeting of Khyber Pakhtunkhwa Board of Investment and Trade (KPBoIT) was informed that MoUs were signed in energy, agriculture, industry, tourism, minerals and information technology after investment road show which was attended by representatives of over 250 foreign companies. Eight sectoral conferences were also organised in which up to 100 foreign investors participated. The government has also prepared an action plan to implement the signed MoUs.

Chief Minister Mahmood Khan chaired the board meeting. The meeting was informed that government had 34.27% of the funds allocated for participation in Dubai Expo. The Chief Minister termed the participation in Dubai Expo “successful and fruitful” and appreciated the performance of the entire team.

He directed the concerned quarters for efforts to execute at least 50% of signed MoUs in the tenure of incumbent government. He said that maximum employment opportunities could be created through foreign investment by proving all facilities to investors:

The provincial government is going to hold an investment road show in Peshawar by the mid of this month as follow up of the MoUs at Dubai Expo in which participation of foreign investors is expected.

The meeting was informed about the measures taken under the Ease of Doing Business (EoDB) policy to provide maximum facilities to foreign investors.

An official business portal, a new website and an Investment Relations Management System have been launched by KPBoIT to provide required services to investors online.

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