Development of industrial sector key to curb unemployment: CM

PESHAWAR: Chief Minister Ali Amin Khan Gandapur on Thursday said that the development of the industrial sector was essential for eliminating unemployment in the province.

“The provincial government is extending all possible facilities and support to investors in this regard. The government has established its own mining company with the purpose to ensure the efficient management and exploration of mineral resources,” he told a delegation comprising representatives from various cement factories.

He added that efforts were also underway to introduce modern machinery, technologies, and methodologies in the mining sector to minimize wastage of precious mineral resources.“This is an effective management of minerals, through which the provincial government is increasing its revenue,” he maintained.

The meeting focused on issues facing the cement industry, their potential solutions, and the promotion of the cement sector in the province.During the meeting, it was agreed to increase cement royalty per ton from Rs250 to Rs350.

It was also agreed to implement a 10percent increase in royalty for the first two years, followed by a 7.5percent increase over the next three years.The chief minister assured the delegation of full government support for promoting the cement industry in the province.

He also invited the delegation to invest in the value addition of minerals such as gypsum, placer gold, and other mineral products within the province. He highlighted the significant potential for gypsum and other important minerals in Khyber Pakhtunkhwa, which needs to be explored.

“His government is actively taking steps to encourage value addition of mineral products within the province and will provide all possible incentives and support to investors in this sector,” the chief minister said and invited the delegation to invest in the development of the provincial power transmission line.He stated that electricity generated from local power plants would be provided to industries at subsidised rates through the provincial transmission line.

The delegates on this occasion, welcomed the chief minister’s invitation to invest in mining and transmission line projects and expressed keen interest in further investment opportunities in Khyber Pakhtunkhwa.