Speaking to different delegations at the chief minister house, Chief Minister Khyber Pakhtunkhwa (KP) Pervez Khattak said that he succeeded in signing 82 MoUs in different sectors with the Chinese public sector companies during his visit to China. He said that these steps were taken during a recent road show held in China.
Khattak said that he marketed KP’s natural advantages. He added that the investments would change the destiny of the province.
These projects valued around $24 billion include eleven in energy sector, seven in housing sector, twelve in industry sector, seven in information technology sector, four in local government sector, three in mines and minerals sector, nine in highways sector, two in agriculture sector, three in cultural sector, nineteen in higher education sector, one in urban development and three in Water Supply and Sanitation Program (WSSP).
Provincial Minister Inayatullah, MPAs Wajihuzzaman, Fazle Shakoor and Mehmood Jan were also present on the occasion.
The chief minister said that these projects would soon reap rewards, adding that in addition to these projects, his government had agreements with frontier works organization for four projects worth $10 billion. These projects include Karak Oil Rifenery, Haripur Cement Factory, 600 MW of electricity and two housing schemes. The provincial government would receive a share up to 10 per cent without investing a single penny in the projects. These projects and agreements were historic in nature, he added.
Pervez Khattak made it clear that Chinese companies showed their interest in the 6th Joint Cooperation Committee (JCC) meeting. Earlier, Khattak had started supervising the preparatory work to hold a road show and he prepared 100 projects to showcase them in the Beijing Road Show. The Chinese companies signed MoUs for 82 projects, prominent among them are motorway industrial park, greater circular railway project, Peshawar mass transit, projects in energy, D.I.Khan economic zone, Kohat economic zone, Kohat Oil Refinery, Swat Model town, south districts economic zone, Cargo Rail, alternate route to CPEC from Gilgit to Chitral, Dir and Chakdara, water supply scheme for Peshawar, 500 KW of grid station at Darosh and Chakdara, petroleum block, oil marketing and storage, China – KP TTC Commercial Complexes, low cost housing schemes, IT related projects, Mansehra special economic zone, Reshakai technology city and a new general bus stand in Peshawar.
Chief Minister said that there were both, government to government projects and business to business projects. 90 private companies participated in the road-show at their own cost. His government only facilitated them and these private companies also concluded different projects worth $900 million.
He said, “We will not take loans that over burden the resource base of the province”. He said that the province of Khyber Pakhtunkhwa had not been a feasible province but CPEC made it the most feasible province. He reiterated that law and order was returning to the province due to the impartial efforts of the state institutions.
He added that he had already signed a MoU during his visit to China for the provision of solar kits for 10,000 schools and 400 hospitals. He also talked about his government pro investment policy and added that these agreements were held transparently. He warned against any illegal dealing, otherwise, he would cancel the agreements.
Pervez Khattak said that he would had made headway much before but unfortunately, the federal government obstructed his efforts.
He also had a fruitful meeting with the Chinese vice minister foreign affairs, in which Khattak assured him of full implementation on these projects.
Khattak stated that the the next few months were very crucial; therefore, he had formed a committee to oversee the process of implementation on these projects.
