Shaheen Business and Investment Group Chairman and CEO Khalid M.A. Shaheen expressed these views at a meeting with Board of Investment (BoI) Secretary Jehangir Bashar here, on Tuesday.
The delegation headed by Shaheen Group CEO and Adviser and former deputy prime minister and Chief of Royal Court Jawad Annani discussed the prospects of investing in infrastructure of Pakistan.
Khalid Shaheen commended the progress made by Pakistan in terms of economic growth and Human Resource Development. He said that the talented manpower is one of the assets of Pakistan to attract investment in various fields.
The Shaheen Group, who have donated $50,000 to the President's Relief Fund for earthquake, expressed deep sense of sympathy over colossal natural calamity which resulted in huge loss of human lives and prayed for early recovery of the injured and rehabilitation of all those rendered homeless.
BoI Secretary Jehangir Bashar made a presentation on the sectors open for investment in Pakistan and identified the areas having potential for foreign investments.
He said that consumer banking has taken off in Pakistan and sufficient resources are available for the purchase of goods and services, including the houses. He thanked Shaheen for their generous contribution for earthquake victims.
Shaheen Group has an expertise in telecommunications, manufacturing, engineering, logistics, food processing and financial sector and their current investments include $70 million worth Land Rover assembly plant.
At present, the foreign direct investment (FDI) from Jordan is $0.15 million. The Trade volume between both the countries for 2003-04 was around $50 million. Pakistan has also signed Avoidance of Double Taxation Agreement with Jordan.