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  • Sep 17th, 2006
  • Comments Off on Prime Minister for speedy execution of investment projects
Prime Minister Shaukat Aziz has emphasised the need for greater inter-ministerial and inter-provincial co-ordination to further expedite the implementation of local and foreign investment projects. He said this at a meeting held at Prime Minister House on Saturday to review the investment prospects and their fast tracking in the country.

The meeting was attended by Minister of State for Board of Investment Umar Ahmad Ghumman and officials of federal and provincial governments. The Prime Minister said that Pakistan is fast becoming a destination of choice for investors and investment is coming in from all parts of the world as a result of the macro economic stability, consistency and continuity of the government policies, transparency of procedures and investment friendly policies.

He said that processes should be simple and seamless to facilitate investments contributing to more economic activity, jobs' creation and enhancing the production capacity. The meeting identified power, cement, construction, agribusiness, livestock, real estate and hotel business, IT & telecom as potential areas where extensive opportunities exist for local and foreign investors.

Ghumman updated the meeting about various initiatives taken by the Board of Investment to attract investors. He briefed the meeting about major proposals for investment being processed by the Board of Investment.

The meeting was also attended by Minister of State for Food and Agriculture Muhammad Ali Malkani, Principal Secretary to the Prime Minister, Secretary Water and Power, Secretary Petroleum & Natural Resources, Secretary Industries and Production, Secretary Food, Agriculture and Livestock, Secretary Tourism, Secretary Defence, Secretary Board of Investment, Chief Secretary Punjab, Chief Secretary Sindh, Acting Chairman Wapda, Managing Director PPIB and senior officials.

Copyright Business Recorder, 2006


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