Experts term energy wheeling key to economic development in KP.

ISLAMABAD -- The experts and enterpreneurs on Monday termed energy wheeling, a key to economic development in Khyber Pakhtunkhwa.

Energy wheeling and industry academia linkage should be prioritized for improving business regulatory environment in Khyber Pakhtunkhwa, said a press release issued here.

The experts from Public, private sectors, and academia, said this during the hybrid public private dialogue on"Better Business Regulatory Environment in Khyber Pakhtunkhwa" organized by Sustainable Development Policy Institute (SDPI) and National Network of Economic Think Tanks (NNETT), in collaboration with the University of Swabi.

Javed Khattak, CEO, Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC), on the occasion highlighted several initiatives of the government for providing relief to the businesses.

Such measure includes keeping the units operational during COVID-19, financial institutions' reforms, regulatory easing, and manufacturing base enhancement, he added.

Ms Shamama Arbab, Chairperson, Pakistan Stone Development Company (PASDEC) underpinned the need for innovation through active and effective industry-academia linkage. Mr Waheed Khan from Khyber Pakhtunkhwa Environmental Protection Agency, emphasized on the need for mechanized mining of marble industry, and incentivized waste management.

Dr Vaqar Ahmed, Joint Executive Director, SDPI, emphasized on the importance of ease of doing business in Khyber Pakhtunkhwa. Presenting detail of the economic challenges resulting by local and regional political crisis, Dr Ahmed specifically mentioned Afghanistan-Pakistan Transit Trade, and the impact of international inflation on the cost of doing business.

The policy and regulatory relief from the government based on these factors should be prioritized., he added.

Project coordinator, Durshal, Khyber...