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Pakistan unveils plan to make FATA a hub of CPEC for Afghanistan and Central Asia

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Pakistan unveils plan to make erstwhile FATA as hub of CPEC for Afghanistan and Central Asia
31 Dec, 2018


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PESHAWAR: Chief Minister Khyber Pakhtunkhwa Mahmood Khan has revealed establishment of economic zones in the new districts of the erstwhile FATA and PATA.

READ MORE:PM Imran Khan foreign visit schedule announced
He was working on the opening of road communication linking Afghanistan towards central Asia to make this region the economic hub in the wake of CPEC .

He was presiding over a high level meeting at Chief Minister House Peshawar. Advisor to CM Abdul Karim, Head of SSU, Sahibzada Saeed, Secretary Industries, Commissioner Peshawar Shahab Ali Shah Attended said a hand out issued here on Saturday.

by Taboola
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The meeting focused on the mega projects in Khyber Pakhtunkhwa that included the finalization of concessional agreement, financial model and the infrastructure development for the Rashakai industrial Zone, the energization of CRBC for electricity production and agriculture productivity.

Furthermore, Hydel project generation in Malakand and Hazara Division and the provision of cheap electricity to boost industrialization in Malakand and Hazara Divisions, conversion of gas for electricity in Rashakai, Khitar and DIKhan Economic Zones, boosting the traut fish production, establishment of a model village of FATA , Torkham and Ghulam Khan custom supported terminal and other allied issues were also discussed.


The meeting made a number of decisions and decided the way forward for putting these projects into the implementation phase.

Addressing the participants the Chief Minister directed to immediately give final touches to the concessional agreement leading to the finalization of financial model for the Rashakai economic Zone.

The prerequisites, required for the Rashakai Economic Zone should be taken care of in order to get the approval of the Federal Government by January 15, 2019.

The energization of CRBC and the projects converting the dedicated gas of 225 mmcf for electricity conversion in the locative economic zones of Rashakai, Khatar and DI Khan should be taken care of he added.

Mahmood Khan ordered to sketch out a plan for the provision of electricity produced locally in Malakand Division for food processing and agro-based industrialization and tourism related activities in Malakand Division.

“CPEC has brought along multifaceted challenges and we have the requisite level of commitment to fulfill these challenges. We would train our youth to coup with the growing challenges of producing skilled man power”, he added.

Chief Minister said that the new merged districts of the erstwhile FATA would get one of the economic zone under the CPECformula and therefore the public institutions should take all necessary measures to mature it.

The hydro project station of Mataltan and others producing electricity cheaply would be provided to the food processing, agro-based, livestock and tourism related industries on cheaper rate that would be the overall socio-economic development plan for the northern districts of the province. He also directed to identify a village to be developed as a model village of the merged districts.

Mahmood Khan said that peace is the basic prerequisite for the economic growth. Once peace is returned to the region, the region would have the bright prospects of growth.

He called upon the participants to prepare themselves for the growing opportunities in the wake of CPEC . This region including the merged districts would be the end beneficiaries of the boom in trade.

The government would provide one window operation and asked the IT and ST Department to prepare an integrated dash board for the one window operation to facilitate investment, trade and industrialization in the province.
 
KP CM announces establishment of FATA, PATA economic zones

BY STAFF REPORT , (LAST UPDATED DECEMBER 29, 2018)
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PESHAWAR: Khyber Pakhtunkhwa (KP) Chief Minister (CM) Mahmood Khan on Saturday revealed the establishment of economic zones in the new districts of the erstwhile Federally Administered Tribal Areas (FATA) and Provincially Administered Tribal Areas (PATA) that are working to make the region an economic hub in the wake of China–Pakistan Economic Corridor (CPEC).

He was presiding over a high-level meeting at the CM House in which Advisor to CM Abdul Karim, head of Special Security Unit (SSU) Sahibzada Saeed, secretary Industries and Peshawar Commissioner Shahab Ali Shah were present.

The meeting focused on mega projects in KP that include the finalisation of a concessional agreement, financial model and infrastructure development for Rashakai industrial zone, energisation of China Road and Bridge Corporation (CRBC) for electricity production and agriculture productivity, hydel project generation in Malakand and Hazara Division, provision of electricity to boost industrialisation in Malakand and Hazara Divisions, conversion of gas for electricity in Rashakai, Khitar and DI Khan economic zones, boosting trout fish production, establishment of a model village of FATA, Torkham and Ghulam Khan, custom supported terminal and other allied issues. A number of decisions were taken to put the projects into the implementation phase.

Addressing the participants, the chief minister directed to immediately give final touches to the concessional agreement leading to the finalisation of the Rashakai economic zone’s financial model. “The prerequisites required for the Rashakai economic zone should be taken care of in order to get the approval of the federal government by January 15, 2019,” he said.

“The energisation of CRBC and the projects converting the dedicated gas for electricity conversion in the allocative economic zones of Rashakai, Khatar and DIKhan should be taken care of,” he added.

“CPEC has brought along multifaceted challenges and we have the requisite level of commitment to fulfil these challenges. We would train our youth to coup with the growing challenges of producing skilled manpower,” he further added.

The chief minister said that the newly merged districts of the erstwhile FATA would get one of the economic zones under the CPEC formula and therefore the public institutions should take all necessary measures to mature it.

The hydro project station of Mataltan and others producing electricity cheaply would be provided for food processing, agro-based, livestock and tourism-related industries on a cheaper rate that will be the overall socio-economic development plan for the northern districts of the province. He also directed to identify a village to be developed as a model village of the merged districts.

The KP CM concluded by saying that peace is the basic prerequisite for economic growth. “Once peace returns to the region, it would have bright prospects of growth,’ he said while calling upon the participants to prepare themselves for growth opportunities in the wake of CPEC.
 
CPEC to Afghanistan? The cranky indians won't be too keen about this!!
 
Pakistan unveils plan to make erstwhile FATA as hub of CPEC for Afghanistan and Central Asia
31 Dec, 2018


pakistan-unveils-plan-to-make-erstwhile-fata-as-hub-of-cpec-for-afghanistan-and-central-asia-1546246925-4001.jpg


SHARES


PESHAWAR: Chief Minister Khyber Pakhtunkhwa Mahmood Khan has revealed establishment of economic zones in the new districts of the erstwhile FATA and PATA.

READ MORE:PM Imran Khan foreign visit schedule announced
He was working on the opening of road communication linking Afghanistan towards central Asia to make this region the economic hub in the wake of CPEC .

He was presiding over a high level meeting at Chief Minister House Peshawar. Advisor to CM Abdul Karim, Head of SSU, Sahibzada Saeed, Secretary Industries, Commissioner Peshawar Shahab Ali Shah Attended said a hand out issued here on Saturday.

by Taboola
Sponsored Links

You May Like


The meeting focused on the mega projects in Khyber Pakhtunkhwa that included the finalization of concessional agreement, financial model and the infrastructure development for the Rashakai industrial Zone, the energization of CRBC for electricity production and agriculture productivity.

Furthermore, Hydel project generation in Malakand and Hazara Division and the provision of cheap electricity to boost industrialization in Malakand and Hazara Divisions, conversion of gas for electricity in Rashakai, Khitar and DIKhan Economic Zones, boosting the traut fish production, establishment of a model village of FATA , Torkham and Ghulam Khan custom supported terminal and other allied issues were also discussed.


The meeting made a number of decisions and decided the way forward for putting these projects into the implementation phase.

Addressing the participants the Chief Minister directed to immediately give final touches to the concessional agreement leading to the finalization of financial model for the Rashakai economic Zone.

The prerequisites, required for the Rashakai Economic Zone should be taken care of in order to get the approval of the Federal Government by January 15, 2019.

The energization of CRBC and the projects converting the dedicated gas of 225 mmcf for electricity conversion in the locative economic zones of Rashakai, Khatar and DI Khan should be taken care of he added.

Mahmood Khan ordered to sketch out a plan for the provision of electricity produced locally in Malakand Division for food processing and agro-based industrialization and tourism related activities in Malakand Division.

“CPEC has brought along multifaceted challenges and we have the requisite level of commitment to fulfill these challenges. We would train our youth to coup with the growing challenges of producing skilled man power”, he added.

Chief Minister said that the new merged districts of the erstwhile FATA would get one of the economic zone under the CPECformula and therefore the public institutions should take all necessary measures to mature it.

The hydro project station of Mataltan and others producing electricity cheaply would be provided to the food processing, agro-based, livestock and tourism related industries on cheaper rate that would be the overall socio-economic development plan for the northern districts of the province. He also directed to identify a village to be developed as a model village of the merged districts.

Mahmood Khan said that peace is the basic prerequisite for the economic growth. Once peace is returned to the region, the region would have the bright prospects of growth.

He called upon the participants to prepare themselves for the growing opportunities in the wake of CPEC . This region including the merged districts would be the end beneficiaries of the boom in trade.

The government would provide one window operation and asked the IT and ST Department to prepare an integrated dash board for the one window operation to facilitate investment, trade and industrialization in the province.

will Taliban welcome cpec ?
 
Being from FATA, I know how mineral rich the land is. It'd really benefit the local population and bring prosperity to the region. The only challenge is terrain, which can be overcome with a good network of roads. I'm eager to see the plans coming to fruition :pakistan:
 
Good move, FATA needs big investment, as does Balochistan to help these areas catch up and better integrate with the rest of the country.

will Taliban welcome cpec ?

FATA is part of Pakistan, there is no Taliban control there.

In Afghanistan; it will depend. The Taliban are semi literate warlords with a narrow understanding of religion. They won't become statesman overnight.
Any money invested in Afghanistan post war should be considered aid/development, rather than loans. I expect they won't be interested in paying back loans when they live in a country that generates no revenue. Also paying interest on loans is forbidden for Muslims. Most Muslims nowadays forgo this rule because they have no access to interest free loans, but the Taliban have previously said they would deal with interest.

I suspect anyone wishing to do a business en-devour there would have to invest their own money in return for profits from the business, but not expect to be able to provide loans for development.
 

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