Mr. Shahab Ali Shah

Mr. Shahab Ali Shah

The advent of CPEC is a great opportunity for Pakistan to strengthen the infrastructure investment and industrial base. Like the other provinces, the province of Khyber Pakhtunkhwa stands to benefit enormously in economic terms in the wake of CPEC.

The CPEC has three phases, which are a short term plan – a medium term plan and a long term plan and currently, activities under the short term plan are underway. As this province has a lesser concentration of activities in the short term plan, the Provincial Government, in order to overcome this shortcoming, took the initiative of organizing a Road Show. The show, “The KP Investment Road Show”, was planned and organized at Beijing in China in April, 2017. The Show was aimed at showcasing economically viable projects, which could be invested in by the Chinese, state owned companies. To this effect, the Provincial Government was successful in achieving the signing of 84 MOUs, in the Road Show. These MoUs include the Agriculture, Energy & Power, Higher Education, Information Technology, Housing, Industries, Archaeology & Culture, Local government, Mines & Minerals, Roads, Transport, Urban Development and Water & Sanitation sectors.

As compared to the main CPEC activities, which are a loan, the activities undertaken by the KP Government are purely on an investment basis. There would be no liability created, whatsoever, for the Provincial Government. Therefore there is a clear distinction between the projects to be undertaken by this Province, as compared to other activities which are on loan basis.

It is hoped and expected that the incoming investment will not only strengthen the bond of friendship between the two countries but also prove instrumental in the socio-economic uplift of Khyber Pakhtunkhwa.