Lahore in spotlight
By Nadeem Syed
Lahore is right in the spotlight of all the big players in the arena of investment and development and that is an exciting prospect for every Lahorite. Just imagine Prince Waleed shifting his focus to Lahore. He intends to build a modern, state-of-art hotel on The Mall. Probably the Punjab government cannot wait any more to start a new engagement with the Prince, smelling Saudi money pumping into Lahore and other parts of the province. The setting is quite good for Pakistan as Saudi investors are looking for new avenues and places for investment after being looked down upon by Americans in the wake of disastrous 9/11. We have another exciting report that Abdul Rehman Bukhatar is all set to build a sports city on the banks of River Ravi. That will go a long way towards improving the city in this part of the world. The Sports City will have a number of sports complex, stadiums to host international events, hotels and villas, good enough to accommodate 8000 people at a time.
We have also learnt that the Punjab government is setting up an authority to revive the old glory of the city’s downtown, the walled city, historic gates and other historical monuments. These monuments have a great potential to attract tourists in the city. So any move to restore their grandeur and glory is a step in the right direction, though quite late in the day.
The city is also being connected with other major cities and business centres through new motorways. Imagine travelling to Sialkot within 45 minutes. That will be a real treat for the local population. More noteworthy, the leading international donor agencies have shown a great interest in the Punjab. The World Bank, engaged with the Punjab in many areas, including education and irrigation, has shifted its focus to Lahore and other parts of the province, away from its traditional base in Karachi.
The success stories of the Punjab including greater industrial and agricultural growth with its multiplier effects, seen in the expansion of retail and wholesale network, finance, insurance and services, storage, transport and communications sectors, mean a lot to these international financial institutions, upgrading their engagement with the province. The Asian Development bank too is working on a new strategy for the Punjab given its potential. While a recent report dubbed Pakistan as a failed state, the representatives of the WB and ADP are all praise for the province, for the economic gains made by the Punjab, terming it a role model for other provinces. They showered heaps of praise on the political and bureaucratic leadership for their economic and financial management, urging them to keep up the good work.
Foreign diplomats are also taking keen interest in the reforms being carried out in the province, exploring the prospects of investment for their business classes. Last week, Ch. Pervaiz Elahi invited 40 foreign envoys to city. The CM and the Chief Secretary briefed them on what was going on in the Punjab as an image building measure.
The aim of such interaction was not only to dispel some of the misperceptions harboured in the diplomatic circles, but also share the success story of the Punjab with our international partners. The move to invite so many diplomats was quite timely, showing the confidence in the leadership of the Punjab that they are doing enough to show to the world. The Chief Secretary’s briefing was most impressive on this occasion. The representatives of WB and ADP were right in giving the present leadership of the Punjab its due credit No doubt; the moving spirit behind Punjab’s success is Chief Minister Pervaiz Elahi. He has taken some creative decisions and major initiatives in the field of education, health and agriculture.
It is more note worthy that these initiatives have been recognized internationally. Good thing about Pervaiz Elahi is this that he is always open to good ideas. Even in his leisure and pastime you will find him exchanging views and idea with friends how to improve things further in the province, picking good idea for the implementation. He can do a lot more provided there is a political stability in the country.
The provincial bureaucracy is very supportive of him in translating political decisions and vision into reality. Chief Secretary Salman Siddique is a smart officer, who does not believe in status quo. He has introduced some fresh and effective approaches in the management of the Punjab’s finances and economy. Before him the former Chief Secretary Hafeez Akhtar too was a creative bureaucrat, knowing fully the art of how to get things done properly and methodically.
The Punjab has also a more stable political, economic and social setting, a more peaceful place, as compared to other province and so under the greater limelight. It has a more peaceful, tolerant and moderate population, amenable to new ideas and changes around the world. A lot of development is taking place on Pakistan-India front. There was a report the other day that the Indian Prime Minister looked forward to wrap up the Kashmir issue by 2008. Any durable thaw in Pak-India relations would bring Lahore further in the limelight, raising its stature overnight, turning it into hub of trade and a gateway to Afghanistan, and Central Asia. That is an exciting prospect for us all. Probably, those interested to cultivate business interests in the city too have this future prospect in their mind.
By Nadeem Syed
Lahore is right in the spotlight of all the big players in the arena of investment and development and that is an exciting prospect for every Lahorite. Just imagine Prince Waleed shifting his focus to Lahore. He intends to build a modern, state-of-art hotel on The Mall. Probably the Punjab government cannot wait any more to start a new engagement with the Prince, smelling Saudi money pumping into Lahore and other parts of the province. The setting is quite good for Pakistan as Saudi investors are looking for new avenues and places for investment after being looked down upon by Americans in the wake of disastrous 9/11. We have another exciting report that Abdul Rehman Bukhatar is all set to build a sports city on the banks of River Ravi. That will go a long way towards improving the city in this part of the world. The Sports City will have a number of sports complex, stadiums to host international events, hotels and villas, good enough to accommodate 8000 people at a time.
We have also learnt that the Punjab government is setting up an authority to revive the old glory of the city’s downtown, the walled city, historic gates and other historical monuments. These monuments have a great potential to attract tourists in the city. So any move to restore their grandeur and glory is a step in the right direction, though quite late in the day.
The city is also being connected with other major cities and business centres through new motorways. Imagine travelling to Sialkot within 45 minutes. That will be a real treat for the local population. More noteworthy, the leading international donor agencies have shown a great interest in the Punjab. The World Bank, engaged with the Punjab in many areas, including education and irrigation, has shifted its focus to Lahore and other parts of the province, away from its traditional base in Karachi.
The success stories of the Punjab including greater industrial and agricultural growth with its multiplier effects, seen in the expansion of retail and wholesale network, finance, insurance and services, storage, transport and communications sectors, mean a lot to these international financial institutions, upgrading their engagement with the province. The Asian Development bank too is working on a new strategy for the Punjab given its potential. While a recent report dubbed Pakistan as a failed state, the representatives of the WB and ADP are all praise for the province, for the economic gains made by the Punjab, terming it a role model for other provinces. They showered heaps of praise on the political and bureaucratic leadership for their economic and financial management, urging them to keep up the good work.
Foreign diplomats are also taking keen interest in the reforms being carried out in the province, exploring the prospects of investment for their business classes. Last week, Ch. Pervaiz Elahi invited 40 foreign envoys to city. The CM and the Chief Secretary briefed them on what was going on in the Punjab as an image building measure.
The aim of such interaction was not only to dispel some of the misperceptions harboured in the diplomatic circles, but also share the success story of the Punjab with our international partners. The move to invite so many diplomats was quite timely, showing the confidence in the leadership of the Punjab that they are doing enough to show to the world. The Chief Secretary’s briefing was most impressive on this occasion. The representatives of WB and ADP were right in giving the present leadership of the Punjab its due credit No doubt; the moving spirit behind Punjab’s success is Chief Minister Pervaiz Elahi. He has taken some creative decisions and major initiatives in the field of education, health and agriculture.
It is more note worthy that these initiatives have been recognized internationally. Good thing about Pervaiz Elahi is this that he is always open to good ideas. Even in his leisure and pastime you will find him exchanging views and idea with friends how to improve things further in the province, picking good idea for the implementation. He can do a lot more provided there is a political stability in the country.
The provincial bureaucracy is very supportive of him in translating political decisions and vision into reality. Chief Secretary Salman Siddique is a smart officer, who does not believe in status quo. He has introduced some fresh and effective approaches in the management of the Punjab’s finances and economy. Before him the former Chief Secretary Hafeez Akhtar too was a creative bureaucrat, knowing fully the art of how to get things done properly and methodically.
The Punjab has also a more stable political, economic and social setting, a more peaceful place, as compared to other province and so under the greater limelight. It has a more peaceful, tolerant and moderate population, amenable to new ideas and changes around the world. A lot of development is taking place on Pakistan-India front. There was a report the other day that the Indian Prime Minister looked forward to wrap up the Kashmir issue by 2008. Any durable thaw in Pak-India relations would bring Lahore further in the limelight, raising its stature overnight, turning it into hub of trade and a gateway to Afghanistan, and Central Asia. That is an exciting prospect for us all. Probably, those interested to cultivate business interests in the city too have this future prospect in their mind.