LAHORE: Pakistan Business and Investment conference is being held in Dubai today which will have over 140 delegates from Pakistan meeting with a similar number of UAE based investors and traders for match making and finalising agreements of mutual interest.
This said Chief Executive Officer Punjab Board of Investment and Trade (PBIT) Saadat Muzaffar while giving details in this regard.
He said that Chief Minister Punjab, Mohammad Shahbaz Sharif is leading a 100 CEO delegation to the UAE to solidify the trade and investment linkages between both regions, as Pakistan's second largest trade and investment partner, the UAE enjoys a special relationship with Pakistan.
He said that this investment conference is going to translate into an estimated 10 MoUs in various trade and investment collaborations for the sectors of Agri-Business, Livestock and Dairy, Mines & Minerals, Energy and International Business. These agreements are potentially worthy of generating investments totalling approximately USD 2 billion, he added.
He told that Punjab being Pakistan's most industrialized province and investment-ready in terms of its policies has led this activity with the Chief Minister acting as a representative of the business community's need to boost the trade balance between both countries from USD 4.8 billion to USD 8 billion in the next few years.
Saadat Muzaffar said that this is for the first time that Pakistan has shown its strength through the organization of such a conference in Dubai adding " this signals that we are ready to take our business and political relationship at a new level under the leadership of Chief Minister Punjab."
The PBIT is the flagship investment promotion agency of Punjab with the aim of creating economic mergers in the high-value sectors with countries such as the UAE through linkages and more effective connections with the logistical hub that UAE has become, he added.
Muhammad Saad replied on Monday, December 13, 2010 03:41 PM
Good news and I would be happy if this MOU is implemented in reality as well. |
Khadim of Khadim-Aala replied on Tuesday, December 14, 2010 07:41 AM
I wish these guys would stop wasting money on these roadshows. The Govt needs to focus on 1) security 2) infrastructure and 3) sanctity of law, which incidentally is its mandate (not parking garages).
If they could ensure this, investors come by themselves, rather break your door down. If I'm an investor, I will be wary of being 'invited', especially by a politician. To even consider, I will have a heavy wish-list and expect favors and guarantees. These bald eagles will never realize that international business is not done the way they have built up their fortunes.
If local businessmen are hesitant to invest, why would outsiders be ready. Ghar kee murghi daal barabar, especially for CM Punjab.
It is hard to believe that the time would come when even the Chaudhries would seem like better options for Punjab, but it is upon us. |
Openion replied on Tuesday, December 14, 2010 08:35 AM
Everybody have there own opnion but as per my observation Ch. P. Elahi was reunning the Punjab better than Mian S.S. |
