| Peshawar: The Khyber Pakhtunkhwa (KP) government has launched the “Life Insurance for All” program along with seven other flagship projects, as reported on October 18.
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As per the details, these eight major projects aim to build an inclusive and thriving province by promoting accessibility, fostering socio-economic development, ensuring social security, and unlocking new trade opportunities. These flagship projects, set for completion by 2027, were approved during a high-level meeting chaired by Chief Minister Ali Amin Khan Gandapur.
Among the key initiatives is the groundbreaking “Life Insurance for All” program, which will offer life insurance coverage to all citizens of KP. Under this scheme, the government will provide compensation ranging from PKR 0.5 million to 1 million in the event of the death of a household’s head, ensuring financial security for families.
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Complementing this, the province will also establish a Provincial Islamic Takaful Insurance Company to cater to the growing demand for Sharia-compliant insurance services. Another major initiative is the construction of the Peshawar-Dera Ismail Khan Motorway, a 365 km international trade corridor that will traverse 12 districts, linking KP with Balochistan and Punjab. This key infrastructure project will facilitate smoother trade routes and economic integration within the region.
To enhance energy infrastructure, the government has approved a 120 km long, 220 kV power transmission line from Swat to Chakdara, which is expected to generate an annual revenue of PKR 54 billion for the provincial treasury.
In a bid to bolster trade relations, the KP government will establish a Trade Corridors Hub at Torkham, designed to streamline trade activities with Afghanistan and the Central Asian Republics. Additionally, a dedicated cargo railway track from Peshawar to Torkham will be constructed to further enhance cross-border commerce.
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Under the solarization initiative, the first phase will provide 65,000 solar-powered energy units to low-income households across the province. The second phase will offer another 65,000 units, available on easy repayment terms, ensuring sustainable energy access for all.
The ambitious projects signal KP’s commitment to socio-economic growth, infrastructure development, and creating new opportunities for its citizens, with the completion of all projects targeted by the end of 2027. |
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