Khyber Pakhtunkhwa had seen some of its worst years during the Afghan war and later when the war against Terrorism was at its peak in Pakistan. People were moving out of KP to Islamabad and to other major cities of provinces, the business community was highly discouraged to invest further in KP so the injected investment was taken out from KP markets which gave rise to unemployment. The social life of KP residents was terribly damaged and it was called the hub of terrorism.
As time passed Military operations were carried out across Pakistan, Khyber Pakhtunkhwa saw a major decrease in the hostile activities. The KP Police was well equipped to tackle those hostile elements within the province and peace returned to KP and the rest of Pakistan.
After successfully completing its first tenure in KP, Pakistan Tehreek-e-Insaf came back, even more, stronger in 2018 general election and secured a 2/3rd majority in Khyber Pakhtunkhwa Assembly, writing a new history of ruling KP for the second time consecutively. KP Government with its strong mandate of its people committed to transforming Khyber Pakhtunkhwa into an Investment Hub of Pakistan.
Recently, some major developments have taken place in KP, which has successfully set the right momentum and ground for further national and international investment in the Province. From Careem and Uber to OPPO Mobile, from Oman to Qatar and from Dawood Hercules to HBL, all have approached KP Government to invest in different sectors of the Provincial government.
Following are some of the developments that have taken place which has set the right momentum for transforming KP into an Investment Hub::
Qatar Financial Center CEO met KP Finance Minister Taimur Jhagra and expressed interest to invest in KP during the World Economic Forum Summit
Oman Minister for Commerce and Industry met Taimur Jhagra and expressed interest in investing in the Trade and Tourism sector of KP
Asian Development Bank expressed interest in investing in KP Health sector
Pakistan Stock Exchange has announced to open an office in Peshawar
World Bank will invest in Primary Health Care and Primary Education sector
Careem and Uber have expressed to invest more in KP after the Provincial Government reduced Service Tax to just 2%
OPPO Mobile Company has expressed to open a plant in KP
KP Government is also taking some major steps to promote investment in KP. Taimur Jhagra, on behalf of KP Government, is championing the revolutionary move to open Torkham Border 24/7 on the orders of Prime Minister Imran Khan, which is announced to be inaugurated next month.
Pakistan’s first Special Economic Zone established under CPEC is ready to be inaugurated in Rashakai, the concession agreement was signed with Chinese investors during Prime Minister Imran Khan’s visit to China. KP Government has started working on creating ease for businesses. The Provincial Government has decided to generate hydroelectricity and directly sell to industries at a very cheap price, promoting industrialisation.
However, it's too early to predict the amount of national and international investment all these developments will generate, but all these developments have set the right momentum for further investment.
KP’s team led by CM Mahmood Khan, with a young, energetic and corporate background Finance Minister Taimur Jhagra, experienced Atif Khan and Kamran Bangash, the KP Government has just got the right team to drive the province and transform it into an Investors paradise.