PESHAWAR -  Chinese investors have expressed keen interest to invest in mineral sector of Khyber Pakhtunkhwa (KP).

In this regard, an eighteen-member delegation, led by Chinese Overseas Investment Union (COIU) President Chan, called on Minerals Development Department Secretary Syed Abdul Jabbar Shah at Civil Secretariat here on Wednesday. Khyber Pakhtunkhwa Board of Investment and Trade (KPBOIT) CEO Nazeer Awan, Minerals Development Department Director Syed Bilal Khisro, Minerals DG Fazli Wahid and other officials concerned also attended the meeting.

Khisro briefed the visitors about the rich reserves of minerals and apprised them about the attractive offers of the provincial government regarding investment in this sector. They were told that the government was providing attractive facilities in small, medium and large-scale mining to foreign investors. Conducive environment is also available for Chinese investors to invest in granite, gold and other types of minerals, they were further informed.

Khisro added that it will be a good gesture for us that Chinese investors come and invest in mineral sector. He said, “By this effort we would get benefits from each other’s expertise.” The director maintained that under the CPEC investment plan, the provincial mineral sector is emerging on top priority and we are trying to boost this sector, adding that Chinese investors can contribute a major role.

He said that we would welcome Chinese investors to invest in exchange of technology, direct investment, joint ventures and in other possible ways.

Chinese delegates expressed keenness in the Indus Gold small scale projects. They said a conducive atmosphere is available in KP for foreign investors. They would get benefit from investment in mineral sector, they said. In this regard, both sides also agreed to sign an MoU soon.