Increase font size Decrease font size Reset font size

Governor asks overseas Pakistanis to invest in Fata

Bureau Report 2014-03-27
PESHAWAR: Khyber Pakhtunkhwa Governor Engineer Shaukatullah has asked the overseas Pakistanis and foreign investors to make their investments in the Federally Administered Tribal Area (Fata), and assured them of government`s full protection and security in this respect.

He expressed these views while addressing a ceremony held at the Governor House here on Wednesday to distribute allotment documents of industrial plots under the Mohmand Marble City project, according to a handout.

Khyber Pakhtunkhwa Chief Secretary Arbab Mohammad Shehzad, FDA chief executive officer Fida Mohammad Wazir, advisor to governor Shahid ur Rehman, large number of industrialists and elders were also in attendance. The governor said foreign investment would provide much-needed boost to Fata`s economy and generate employment opportunities.

He termed the completion of the first-ever industrial estate project in Mohmand as another milestone on the path towards attaining selfreliance and economic development in Fata.

He said that share of Fata Development Authority in the ADP had been increased from 10 per cent to 20 per cent. Mr Shaukatullah said Mohmand Marble City would not only bring development to Fata but also generate employment opportunities.

He lauded the Fata Development Authority for completing the marble city project within stipulated time. He said the marble city would be expanded and all possible facilities would be provided to industrialists. He said another small industrial estate would be established in Darra Adamkhel.

Mr Shaukatullah said steps were being taken to ensure early provision of gas to Darra Adamkhel to prevent deforestation and boost economic activities.