China keen to invest in five extraordinary fields of Khyber Pakhtunkhaw: Ambassador Nong Rong

China Economic Net

Peshawar: Chinese Ambassador to Pakistan Nong Rong has said that China was greatly interested to invest in five extraordinary fields of the Khyber Pakhtunkhaw province including olives, honey, fresh and dry fruits, saffron and precious stones.

In a meeting here with Khyber Pakhtunkhaw Governor Shah Farman, the envoy expressed full support of the embassy for promoting the natural resources of Khyber Pakhtunkhwa with Chinese investment companies, said an official statement.

Chairman China-Pakistan Economic Corridor (CPEC) Authority Lt. general Asim Saleem Bajwa (retd) was also present on the occasion.

The Chinese Ambassador showed great interest in working in the five fields for investment, said the statement.

During the meeting, the Governor apprised the ambassador about investment opportunities in five extraordinary fields of the province.

“These fields include olives, honey, fresh and dry fruits, saffron and precious stones,” the Governor said. He said investment in these fields will create vast employment opportunities, eventually resulting in economic growth.

Khyber Pakhtunkhwa is the third-largest province in the country with an average contribution of 10% to the economy of Pakistan. In fact, the economy of the province reaps a hefty revenue from three major sectors – agriculture, industry, and services.

Moreover, the department of the mining as well as forestry play a major role in generating revenue from the province.

Despite a number of internal as well as external hiccups to the economic activity taking place within the province, the people of the province have managed to maintain an average of 4.5% growth rate.

Among the major sectors in which Khyber Pakhtunkhaw makes a contribution, the agriculture sector is the most prominent.

The agriculture sector accounts for around 22% of the provincial Gross Domestic Product (GDP) as well as employs around 44% of Khyber Pakhtunkhwa’s labor force.

Contribution to the industrial production of Pakistan is another feather in the province’s cap as manufacturing accounts for a whopping 17% of provincial GDP.