Peshawar (Manend News) KP Minister Aamer Abdullah inaugurates Chitral Economic Zone Development Work Completion and Industrial Facilitation Office Building.
The Khyber Pakhtunkhwa government has achieved a milestone in the journey towards industrial development in province by completion of Chitral Economic Zone development work and the inauguration of the state-of-the-art Industrial Facilitation Office Building in the zone.
The Khyber Pakhtunkhwa Caretaker Minister for Industries, Commerce, Technical Education and Newly Merged Districts Affairs Dr. Aamer Abdullah, during his visit to Chitral, on Friday. Formally inaugurated the developmental work of Chitral Economic Zone and Industrial Facilitation Office Building inside the said new zone at Gang Ghereth near Drosh٫
Earlier, on arrived to the new industrial zone, the Chief Executive Officer of KPEZDMC and senior management welcomed the Caretaker Minister, while the CEO provided an insightful briefing to the chief guest, outlining the comprehensive master plan of the Chitral EZ. The highlight of the ceremony included the unveiling of plaques commemorating the successful completion of the development works in the Chitral EZ and the inauguration of the Industrial Facilitation Office Building.
At the inaugural ceremony, the Care taker Minister said that the same project will be proved a gam changer in the history of Chitral. He added that after full operation of the zone the local skilled youth will have no need to go outside from his area for searching employment as the major potential source of this area is their skilled human resource. While, lauding the industrialization as a key source of development, he stressed upon easing the zones development and success process more and assured for possible support from the government.
He hoped that the next government will also be strive for the industrial facilitation in the province. The minister further said that the Chitral EZ is a major development for the improvement of specific industries of the area and vowed that due to its importance, its statues will be converted to special economic zone. On this occasion the minister also gave allotment letters to various investors who have received plots in the zone for Industries. He expressed his admiration for the hard work and dedication exhibited by the KPEZDMC management and emphasized the importance of industrialization and assured full support from the provincial government to further facilitate the growth and success of economic zones in Khyber Pakhtunkhwa.
Meanwhile, the CEO while briefing the minister said that the Chitral EZ, sprawling across 40 acres, was developed over a span of two years. The completed infrastructure development works within the zone encompassed roads, drains, water supply, retaining walls, and the impressive office building. Additionally, 1.72 acres of land has been acquired, reflecting the overwhelming response and interest from potential investors.
Moreover, he said the Chitral EZ upon full colonization is expected to generate a substantial number of employment opportunities, making a significant contribution to the local economy. He said that the zone’s rapid development aligns with the broader goals of fast-paced industrialization throughout the province.
Similarly, Chitral Economic Zone boasts high growth potential due to its accessibility through the Lowari Tunnel, situated along an alternative route of the China Pakistan Economic Corridor (CPEC). This alternative route witnesses’ massive inflows of tourists each year, making Chitral EZ strategically positioned for economic success.
It is pertinent to mention here that the Chitral Economic Zone is specifically designed to accommodate a variety of industries, making it an ideal destination for businesses looking to thrive in the region. Key sectors suitable for investment in the Chitral EZ include Marble industries, Industry for Embroidery & Knitting, Handicrafts Development, Readymade garments, Furniture, Food, Cold storages. This diverse range of sectors not only align with the local resources and skills but also reflects the economic potential and opportunities for growth within Chitral EZ. Chitral Economic Zone’s positive impact extends beyond its borders, contributing to the economic development of adjoining areas such as Lower Dir and Upper Dir. The strategic location and connectivity of Chitral EZ ensure a ripple effect, promoting economic growth and prosperity throughout the region.