PESHAWAR: Sarhad Chamber of Commerce and Industry (SCCI) President Fuad Ishaq has extended an invitation to German investors to explore investment opportunities in Khyber Pakhtunkhwa’s (KP) thriving sectors such as oil, gas, hydropower, minerals, marble, tourism, agriculture, and more.
Speaking at a meeting with Nisrin Khalil, Managing Director of Germany-based Meenas Online, at the Chamber House, Ishaq highlighted KP’s rich natural resources and potential investment sectors including hydel power, mining, and agriculture among others. Despite these resources, he pointed out that KP is currently trailing in development compared to other provinces, a situation exacerbated by government policies that he claimed hinder investment and industrial growth.
The SCCI chief stressed the need for government action to better utilize these resources to foster economic prosperity in the region. He advocated for immediate solutions to governmental and business challenges, as well as for incentives to stimulate the local economy.
During the meeting, which also saw the participation of SCCI Vice President Ejaz Khan Afridi, former IGP Khyber Pakhtunkhwa Akhtar Ali Shah, and others, Khalil presented the goals of Meenas Online and discussed investment strategies via a multimedia presentation. A documentary was also shown to highlight KP’s investment opportunities and the chamber’s future initiatives.
Ishaq encouraged Khalil to simplify the registration process for chamber members, aiming to attract more participants with reasonable fees. He also outlined ongoing SCCI projects in various clusters including honey, furniture, and pharmaceuticals, emphasizing KP’s significant trade relations with Afghanistan and Central Asian countries.
Nisrin Khalil announced that Meenas Online would facilitate the procurement of industrial machinery with funding up to 10 million euros, underlining a commitment to bolster KP’s industrial infrastructure.
The meeting concluded with an agreement to sign a memorandum of understanding, and a joint commitment to promote investment, trade, and export in the region.
