Zhong Tai Chemical Industry shows interest to invest in KP

Islamabad, Oct.20 (INP): China’s Zhong Tai Chemical Industry (Private) Limited has expressed interest in investing in the energy, infrastructure and mining sectors of the northwestern province of Khyber Pakhtunkhwa (KP).

According to Gwadar Pro, a team led by Li-Gang, CEO Zhong Tai Chemical Industry (Private) Limited, visited Peshawar and held meetings with Special Assistant to Chief Minister KP on Industries and Commerce Abdul Karim Tordher, CEO KP-BOIT Hassan Daud Butt and other officials.

Both sides had a detailed discussion on “potential investment proposals” in different sectors of the province, known as “land of opportunities”. Abdul Karim Tordher assured the Chinese officials that the Government of KP would facilitate “all investors and necessary matchmaking will be done to help seamless investment in key areas”.

Hassan Daud Butt briefed the Chinese officials on KP-BOIT’s role of providing one-stop services to foreign investors and making it easier for them to obtain NOC under regulation.

“The Chinese team showed keen interest in Gypsum and Marble City and also in Hydel projects,” according to an official statement.

KP has great potential for investors in the mining sector. Mohmand Marble City is a Special Economic Zone (SEZ) under CPEC. Similarly, several Chinese companies are executing hydel power projects in different parts of KP.

INP/javed