Rise of KPK as Trade Corridor

 

With the impetus of the new KPK industrial policy 2020-2030, the province is at the center stage of CPEC related economic growth, investment opportunities, modern industrialization, job creations and socio-economic dividends.

KKP-BOIT, being at the forefront in doubling down efforts of KPK for achieving growth targets, has raised awareness for audiences through national webinars about how KPK is a golden land for foreign investors, and how the ease of doing business environment has been conducive for Chinese enterprises and other international players.

Two National Webinars are “Cross Border Trade Facilitation organized by Small and Medium Enterprises and Development Authority (SMEDA) in collaboration with United Nation Development Program (UNDP)” and “Promotion of Housing Finance Companies (HFCs) for developing Housing Sector in Pakistan, co-organized by SECP, IFC-World Bank Group & PMRC”.

Hassan Daud, CEO of KP-BOIT, emphasized that ease in regulatory frame work is needed on both sides of the border to facilitate businesses. He also highlighted that for increasing interactions, people to people contacts, friendly relations, opportunities for joint business promotion seminars/conferences and linkages between chambers, business councils, trade associations on both sides may be explored and developed.

Mr.Hassan highlighted the initiatives taken by the Government at Provincial and Federal level to promote the infrastructure sector.

He also highlighted incentives offered under Prime Mininster’s Naya Pakistan Housing Program (NPHP) by the Provincial Government. He encouraged Investors, including ABAD and Housing Finance companies to explore KPK as a favourable destination.

Key objectives of the webinar were to promote Housing Finance Companies (HFCs) under the ambit of NBFC regulatory framework, by creating awareness about the rules and regulations governing the HFCs, sharing information about funding mechanism of PMRC for housing finance sector, identifying the problems faced by the key stakeholders of housing sector, discussing the possible solutions to address gaps in the regulatory as well as business framework and assisting the stakeholders to come up with the workable business model for HFCs.
(Editor:Fu Bo)

Source: China Economic Net