The British company Asian Precious Minerals Limited (APML) has said to invest $400 million in the province of Khyber Pakhtunkhwa (KPK). They have announced to build a new cement plant in the province. The announcement was made at a joint meeting between APML and KPK Chief Minister Pervez Khattak.
The meeting was attended by the Chief Minister of KPK and Mr. Nadim Khan, CEO of APML; Mr. Peter Frost, Executive Director of APML; Mr. Irshad Ali Khokhar, Country Manager of APML; and Mr. Jason Mumtaz from the British High Commission. Both parties talked about the probability of bilateral trade between the United Kingdom and Khyber Pakhtunkhwa.
Chief Minister Pervez Khatak claimed that his new industrial policy in relevance to the provincial government has proclaimed quite a few incentives for local and foreign financiers, benefiting from a clear one window operation; to set up an industrial concern within KPK devoid of the need for an NOC. The Chief Minister has also offered his support and loyalty to ensuring the bilateral initiative to be a success.
“We are delighted to be investing in a new cement plant in KPK. We are able to do this because of the improved law and order situation, the pro-business stance and good governance policy displayed by the provincial Government of KPK under the stewardship of the Chief Minister. We look forward to constructing a model, state of the art and environmentally friendly cement plant.”
Pervez Khattak, the Chief Minister of KPK, said: “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.”
Belinda Lewis, British Trade Director for Pakistan said: “We are delighted to have been able to support this significant interest in KP by a British company. APML has recognised the improved security and investment climate in KP and Pakistan more generally, and recognised the clear potential for future growth in Pakistan.”
“I hope other UK companies will follow the example of APML and also regard Pakistan as a significant investment opportunity.”