Pakistan’s provincial Khyber Pakhtunkhwa (KP) government has awarded 14 licences to the country’s various industrial groups to set up cement factories in the province.
Among the licensees were Premier Enterprises, Maharaj Enterprises, Gharibwal Cement, Bestway Cement and CAD International.
KP Chief Minister Pervez Khattak, who was the chief guest during the special licence distribution ceremony, claimed the initiative would bring around "$2.5 billion investment" to the province.
He welcomed the cement industry to the province and said 44 industrial groups applied for cement manufacturing licenses and 14 of them were given the licences, while there was a likelihood of six more getting them soon.