The British firm Asian Precious Minerals (APML) has announced an investment of $400m to build a new cement plant in Khyber Pakhtunkhwa (KPK) at a joint meeting held between APML and the KPK Chief Minister Pervez Khattak.
The meeting was attended by the chief minister of KPK and Nadim Khan, CEO of APML; Peter Frost, Executive Director of APML; Irshad Ali Khokhar, Country Manager of APML; and Jason Mumtaz from the British High Commission. Both parties discussed the potential of bilateral trade between the UK and the province of KPK.
The CM explained his new industrial policy pursuant to which the KPK government has announced several incentives for local and foreign investors who can benefit from a transparent one window operation to set up an industrial concern within the province without the need for an NOC. CM Khattak offered his support and commitment to ensuring that APML’s cement project will be a success.
“This project by APML is an important symbol of the greatly improved business environment in KPK. This British investment will help create local jobs and stimulate the local economy. I am glad to see that the UK recognises the dramatic improvements in KPK and I look forward to welcoming more British companies to the Province,” said Khattak.