Huge investment on the way as PM finalises deals with Chinese firms

[Baby Leone]

hearing about these Chinese and Saudi investments since childhood

 

[arz1122]

“Optimizing real estate investments to make the transition to “Life’s New Chapter” convenient.”

Our goal is to be the best real estate service provider for customers, and the best place to work for real estate professionals.

We encourage establishing customer relationships based on integrity, honesty, and mutual trust.

Real Estate Agency in Pakistan

 

[khansaheeb]

Amongst all the gloom and doom, over the last 12 to 16 months, there have been a few really good news from Pakistan which will go a long way to stabilize the economy. This announcement from the premier trip to China is really significant in the same line. I believe that the following projects would go a long way to make our economic base more stable
1- Engro chemical setting up a new chemical plant at the PVC facility at port Qasim
2- Ghani gases setting up various chemical and industrial gases plants at Faisalabad and Hattar
3- The Pesticide and chemical investment from China - Joint venture, announced this trip
4- Dairy and cattle investment - joint venture, announced this trip
5- Setting up a low carbon mineral plant at Gawader - announced this trip
6 Lastly, Privatisation of Steel mill - expected this year, as mentioned by Khalid Mansoor in the press conference.

None of the above is related to Textile or to IT. If I wanted I could have included dozens of stuff related to these fields as well. The best part is that some of the projects announced are joint venture which has a high chance of being delivered. In both the cases mentioned above, the local client is the Fauji group. After Century steal the above list is what we need to see more off.

A diversified industrial base is the key and we need to locally produce what we consume e.g. We use billions and billions of Refrigerators and ACs in Pakistan but we do not produce either the compressor or the refrigeration gas. This needs to change. The same way we do not produce steel equipment, from wire, screw to even handles or medical equipment. The reason is that we do not produce any variant of NMS on a large scale which can be used in many industries across Pakistan. These small holes need to be plugged in with a major hole plugged here and there.

Other than point 5 above, none are going to be huge enough or a plant big enough so that it can be relevant to the global market or even the regional one. But the above will go a long way to kickstart the related industries base. Merely Textile, IT and services won't cut it for us.

wth-"Lastly, Privatisation of Steel mill - expected this year, as mentioned by Khalid Mansoor in the press conference."

They were privatised for a reason and should be kept state controlled and state subsidised to ensure development continues.

 

[raahaat7]

Begging bowl, incompetent government, or incompetent judiciary... or there can be a million reasons (justifiable ones as well) to be a pessimist or cautious here.. but the need of the hour is to develop and advance textile, petrochemical, and pharma sectors. Our future lies is with the textile, IT and service industries.
The petrochemical/chemical, textile and pharma sectors, are the least risky sectors and will cause little to no burden on the government. No need for government payment guarantees or a chance of financial hit to the government in the future. If established, the price of the final product or the finished material in which the production will be used will decrease leading to better competition internationally. e.g.
1- For investment in petrochemical and cotton/yarn/made made or non cotton fibers, we consume a lot of raw materials in various industries hence less risky
2- Horizontal and vertical integration is the need of the hour for all three sectors.
3- In the case of pharma, we don't manufacture most if not all of the APIs, all are imported. Similarly, there is not even a single FDA-approved plant in Pakistan. Even Bangladesh has 3. Some of the chemicals are also used

Begging bowl, incompetent government, or incompetent judiciary... or there can be a million reasons (justifiable ones as well) to be a pessimist or cautious here.. but the need of the hour is to develop and advance textile, petrochemical, and pharma sectors. Our future lies is with the textile, IT and service industries.
The petrochemical/chemical, textile and pharma sectors, are the least risky sectors and will cause little to no burden on the government. No need for government payment guarantees or a chance of financial hit to the government in the future. If established, the price of the final product or the finished material in which the production will be used will decrease leading to better competition internationally. e.g.
1- For investment in petrochemical and cotton/yarn/made made or non cotton fibers, we consume a lot of raw materials in various industries hence less risky
2- Horizontal and vertical integration is the need of the hour for all three sectors.
3- In the case of pharma, we don't manufacture most if not all of the APIs, all are imported. Similarly, there is not even a single FDA-approved plant in Pakistan. Even Bangladesh has 3. Some of the chemicals are also used in the pharma sector as well.
4- Packing, pesticides, leather, furniture, footwear industries all use by-products of chemicals and some cotton/yarn/nylon industries.

So I will not indulge in a political debate. Being a Pakistani, a patriot, and a well-wisher I wish, hope and most of all pray that direct Chinese investment, or collaboration or whatever mode of investment we get... these three sectors affect us positively in lots and lots of ways. Engro Corporation, Ghani group, and Ittihad chemicals have invested a bit in these sectors which is but minuscule to what is required and consumed. I just hope we get some investment in these sectors.

absolutely Right.

 

[mushiii]

PM offers big investment offers in Islamabad like kingdom valley and other local investment offers

 

[Samlee]

This Was An Year Ago Gone Is PTI Gone Is IK Now Forget Growth Forget FDI We Have To Make Two Square Meals per Day and Also Avert Default At The Hands of The Tajurbakars That Have Been Imposed On Us.It's A Struggle to Survive

 

[maithil]

One year is all it took for Pakistan’s Army to destroy Pakistan’s economic prospects in medium term.

 

[epebble]

One year is all it took for Pakistan’s Army to destroy Pakistan’s economic prospects in medium term.

What do you mean?

 

[Menace2Society]

Only a fool would invest in these criminals. They will be back with the begging bowl after 5 years asking for more and nothing to show for it.

If someone could just expose their anonymous trusts sitting abroad and all the money they stole from grants, aid and FDI.