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KP govt claims ending illegal mining


KP govt claims ending illegal mining
July 27, 2021
PESHAWAR: The Khyber Pakhtunkhwa government has claimed that illegal mining has ended in the province, while the Minerals Development Department has surpassed other departments in the province by collecting extraordinary revenue of 54 percent higher during the previous financial year 2020-21. The government set a target of Rs 3450 million, but the department collected Rs 5221.879 million of the revenue. Around 120 percent of significant revenue has been increased in the last two years.
More than 30 officers were suspended and disciplinary action was taken against them, including grade 20 officers to stop illegal mining across the province. In the last two years, as many as 2669 complaints of illegal mining have been sent to the police, and 1336 were converted into FIRs. All empty blocks and sites have been auctioned off. The establishment of the gemstone laboratory, technical training, and certification center has be ....

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IFC Supports KP's Strategy to Boost Investments in The Province


A quick response COVID-19 task force to help save as many existing foreign direct investment projects as possible in Khyber Pakhtunkhwa (KP) province is one of the key elements of a new investment promotion strategy, launched by the KP Board of Investment and Trade (KP-BOIT) in partnership with IFC, a member of the World Bank Group.
KP-BOIT’s new five-year strategy is centered on proactively attracting investments and creating jobs. It also aims to generate reinvestment in the province and link foreign direct investment, FDI, to the domestic private sector to help kick-start businesses and minimize losses, lay-offs, and divestments to reduce the most immediate short-term implications of COVID-19, and promote new investment to support the recovery effort. ....

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