Peshawar (Pakistan), Mar. 30 : The Khyber-Pakhtunkhwa Cabinet has allowed state-owned companies to conduct business under the Public-Private Partnership Act of 2014 for the China-Pakistan Economic Corridor (CPEC) projects.
Provincial Minister for Public Health Engineering Shah Farman while briefing the media about cabinet decisions, said that the cabinet has approved an amendment in the act in this regard, the Express Tribune reported.
"The amendment is aimed at facilitating projects and investment under the CPEC," Farman said, adding that the cabinet also approved amendments in the K-P Local Government Act, 2013, for legalising commercial activities in Peshawar's posh localities such as the University Town.
The land in the University Town can now be used for commercial purposes for a five-year period, document distributed at the briefing showed.