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PESHAWAR, Sep 16 (APP):Special Assistant to Chief Minister KP for Industries, Commerce and Technical Education, Abdul Karim Tordher has emphasized that local investors invest their resources in district Chitral instead of other cities of the country for the prosperity of the area and the people.
Addressing the ‘Chitral Economic Development Conference 2024’, he said that the Chitral district has great potential for investment in fruits, vegetables, minerals, and other local products that are in high demand in the market, adding that investment in these sectors would ultimately reduce poverty.
He further said that cheap electricity could be generated and supplied to the rest of the province and the country through the Chitral, Chakdara, and Swat corridors.
Abdul Karim said that the economic activities in an area could change the fates of the local people, explaining that the Gadoon Industrial Estate is mostly owned by the locals while the outsider investors installed industries but left after ten years.
He said the provincial government was prioritizing to make maximum use of local resources and facilitate the local investors under its’ economic policy. The provincial government would welcome any proposal in this regard, he added.
Abdul Karim also emphasised the use of science and technology in economic activities and urged the Chamber of Commerce to have close liaison with universities where many PhD scholars and experts in each field have new ideas.
MPA Fatehul Mulk Ali Nasir, Syed Mehmood and Iqbal Sarwar of Khyber Pakhtunkhwa Board of Investment and Trade (KP-BOIT), Director General Trade Development Authority of Pakistan Muhammad Naseer and Dr Shamaila, Asad Kakakhel of Khyber Bank and others stakeholders were present at the conference.
They also highlighted the development of the economy through various sectors. Experts from different departments described the development and challenges in their respective fields and contributed to the development of the economy of Chitral.