PESHAWAR - Chief Minister of Khyber Pakhtunkhwa Pervez Khattak has underlined the need for coordinated efforts for making the environment investment friendly in the province.

He was presiding over the first meeting of Khyber Pakhtunkhwa Board of Investment and Trade at the CM Secretariat here on Monday.

Chief Executive of the Board of Investment & Trade Nazir Awan briefed the meeting about performance of the Board and proposed projects on the occasion.

The meeting discussed the ways and means for the creation of investment opportunities in the province. A number of decisions were taken in the meeting for expediting industrialisation in the province.

The Board approved constitution of a number of committees, including Human Resource Development Committee, Audit Committee, Finance Committee and Investment Committee.

The board, while discussing proposed mechanism and criteria for execution of the investment projects, agreed on a timeline of 120 days for their evaluation and approval. Similarly, the Board also approved re-advertising various proposed investment projects.

In order to satisfy demand of the Board, the chief minister assured allocation of Rs100 million grant in the next budget.

Khattak reminded the Board that the provincial government had already announced attractive investment incentives for the promotion of industrial sector in the province.

He went on to say that apart from five percent concession on the mark-up, one window operation facility was being provided to the investors in the province.

He said the KP government intended to promote all sorts of industries in the province.

He stressed the need for collaboration among various institutions formed for the development of the industrial sector.

He asked the industrialists to play their role for attracting investors to the industrial sector of the province.

Special Assistant to CM for Industries Abdul Karim Khan, Senator Mohsin Aziz, Additional Chief Secretary Muhammad Azam Khan, Secretary, Industries Dr Aftab Akbar Durrani, representatives of various departments and members of the boards attended the meeting.