Foreigners invest $3 billion in Punjab projects

[A-Thinker]

LAHORE:
Foreign investors have been expressing increasing interest in making investment in Punjab. In this regard, projects worth $3 billion financed by foreign investors have been started by the Punjab Board of Investment and Trade (PBIT), said PBIT Chairman Sardar Tanvir Ilyas.

The chairman told The Express Tribune that more projects amounting to $6 billion were in the pipeline. He said the provincial government had also introduced one-window operation to facilitate investors and help them benefit from the best raw material, labour and infrastructure.

The private sector should be prioritised in order to create more employment and ensure development in the country, he added.

​

He said the economic measures taken by the Pakistan Tehreek-e-Insaf (PTI)-led government would benefit the people on a permanent basis.

The board chairman stressed the need for providing opportunities for the private sector and helping it boost employment. “We need to provide all possible facilities to the business community for which the board is taking steps,” he said, adding that the government was working on streamlining things for businessmen as they were key stakeholders in investment promotion.

He pointed out that foreign investors had started showing increasing business interest in Punjab owing to the availability of raw material, labour and infrastructure there.

“We are creating an amicable environment for businessmen and the interest of investors is being restored.”

source

 

[farooqak]

Since imports are dropping and should drop more...there is scope for investment to grow local production
it is always better to get foreign investor in Pakistan to produce goods locally. Jobs are created as well this way

 

[Assasin's]

Long term economic reforms is PTIs mantra. No more showbazi and gimmicks. Speaking of showbazi and gimmicks I still remember that disqualifyied ex accidental pm once upon a time was announcing cut in petrol price live on tv... lol...