PESHAWAR: Vice chairman of the recently-constituted Khyber Pakhtunkhwa Board of Investment and Trade (KPBOIT), Senator Ilyas Ahmed Bilour, on Monday said that the board would soon start functioning to fetch much-needed investment into the militancy-ravaged province, sources report.
He said that KPBOIT is likely to meet Chief Minister Ameer Haider Khan Hoti in a day or two to get go-ahead for the full-fledged launch of the board in the province. Ilayas Ahmed Bilour said they are most probably going to call on the chairman (chief minister) on Thursday to finalise modalities for the launch of the investment body in the province.
He said he is going to launch this investment platform with his personal moto “minimum expenditure and maximum work” to attract investment to Khyber Pakhtunkhwa. He said that the private sector-dominated KPBOIT had been established through an executive order, which would initially be registered under the Companies Act and all the offices on the board would be honourary.
However, it would be presented as a bill in the provincial assembly at the later stage so that the input of the elected representatives of the province could also be incorporated into the investment body.
Secretary Industries, Fazal Karim Khattak, who remained the moving power behind the establishment of the KPBOIT in Khyber Pakhtunkhwa, said all arrangements had been made and it was now up to the members to expedite its launch.
He said that the nominations of all 16 members of KPBOIT, except for its chief executive and member to be co-opted, had been approved with 70 percent representation form the private sector.
“The chief minister is heading KPBOIT as it chairman and patron-in-chief, while additional chief secretary (ACS), secretaries industries and finance are its members from the public sector,” said Fazal Karim Khattak.
Bilour has been nominated as vice chairman of the KPBOIT while Senator Ghulam Ali, Zahidullah Shinwari, Iskandar Khan, Rafiul Mulk, Muhammad Daud, Mohsim Khan Toru, Shahidur Rehman, Nauman Wazir, Muhammad Ayub Khan and Shah Faisal Afridi as its members from all sectors.