British company Asian Precious Minerals (APML) announced plans to invest US$400m in a new cement plant in Khyber Pakhtunkhwa, Pakistan. The announcement was made during a meeting between APML and the Chief Minister of Khyber Pakhtunkhwa, Pervez Khattak.
The Chief Minister explained the province’s new industrial policy under which the government offered several incentives to local and foreign investors. He said investors could benefit from a transparent one-window operation for establishing an industrial concern without the need for a no-objection certificate.
Mr Khattak went on to offer his support and commitment to ensuring that the cement project could be a success. He called the project an important symbol of a greatly-improved business environment in Khyber Pakhtunkhwa.
British Trade Director for Pakistan, Belinda Lewis, said Asian Precious Minerals had recognised the improved security and investment climate in the region and Pakistan, and realised the clear potential for future growth in the country.
