What's new

Punjab ‘a haven for investors’: Foreign Investors

Kabira

BANNED
Joined
Jul 12, 2014
Messages
14,383
Reaction score
-20
Country
Pakistan
Location
Pakistan
LAHORE - Heads and chief executive officers of different companies attending the international seminar on business opportunities in Punjab, held separate meeting with Chief Minister Shehbaz Sharif on Tuesday, where they expressed the willingness to invest in various development projects of province.

They shared views with the CM on various aspects of investment they intend to make in energy, infrastructure, transport, healthcare, low-income housing schemes and industry etc. They were really impressed by the Punjab government initiatives taken to create investment friendly environment in the province and prospects of huge profit.

The investors belonging to different countries including China, France, Turkey, Germany, Japan, South Korea and the UK consented for investment in different sectors. They also congratulated Shehbaz Sharif for successful holding of international seminar on business opportunities and said that Shehbaz Speed is talk of the town. “The Shehbaz Speed has paved the way for speedy economic development in Pakistan by fast-track completion of development projects”

They added that speedy development activities in the Punjab have motivated them to invest here.

While commending the pro-business policies of the CM, they said that Shehbaz Sharif has made Punjab a leading province where conducive atmosphere is provided to the investors. “We have witnessed the Punjab Speed with our own eyes and the credit of transparency goes to your untiring leadership,” they said.

“As a result of your effective steps, the Punjab has emerged as a haven for investors. We are ready to invest in both CPEC and non-CPEC projects,” they told the CM.

Welcoming the investors, CM Shehbaz said that Punjab has emerged as the best province for investment where large scope for foreign investment in different sectors including energy, infrastructure, industrial zones, provision of parking facilities and solid waste management existed. Taking advantage from the vast opportunities of foreign investment in Pakistan especially in the Punjab, quite a number of Chinese and Turkish companies are working with the Punjab government, he told the business delegates. He invited them to freely invest in Punjab where they will be provided with every facility. He asked them to improve the service delivery mechanism with their investment and earn profits. He also assured them that the Punjab government would provide every facility to the investors.

CM condemns Manchester attack

Chief Minister Shehbaz Sharif has strongly condemned the explosion in the UK city of Manchester, expressing his deep sense of sorrow and grief over the loss of precious lives.

He also prayed for the early recovery of the injured. Denouncing the incident of terrorism, the CM said “our sympathies are with the UK government, people and the affected families.”

“We stand united with the British government and the people. The terrorism has become an international scourge which requires unified steps for its total eradication,” he added.

Shehbaz all praise for journalists

CM Shehbaz Sharif has praised the journalists’ role in strengthening the democracy and upholding rule of law in the country.

Congratulating newly elected President Muhammad Nawaz Raza, General Secretary Sohail Afzal and other office bearers on their success in the elections of Pakistan Federal Union of Journalists, the chief minister expressed the hope that the newly elected body would come up to the expectations of the community and play an effective role for the solution of problems of the media men. The PML-N strongly believed in freedom of press and will live up to this commitment, he added.
http://nation.com.pk/lahore/24-May-2017/punjab-a-haven-for-investors
 
.
60 MoUs inked during int’l business symposium

SHARE :
60-mous-inked-during-int-l-business-symposium-1495570100-5744.jpg

Our Staff Reporter

inShare


Lahore - 60 agreements and MoUs of international investment in the Punjab were signed at the concluding session of 2nd international seminar on investment opportunities in Punjab.

The provincial ministers, diplomats, consul generals of China and Turkey, members of the parliament, investors from 26 countries, local traders and industrialists attended the seminar.

Addressing the concluding session, Punjab Chief Minister Shehbaz Sharif said that during the 70 year history of Pakistan, not only thousands but lakhs of agreements and Memorandums of Understanding (MoUs) have been signed but a very small number of them was materialised. However, the speed with which the agreements signed during Chinese President Xi Jinping’s visit to Pakistan in April 2015 have been implemented upon has surprised the whole world from Washington to Tokyo and from Delhi to Moscow, he added.

The agreements and MoUs signed during the previous seminar about business opportunities in Punjab in 2015 have also been speedily implemented, and as a result of these agreements, billions of dollars investment has been made in Punjab. Like the first international seminar, the second international business seminar, being held in Lahore, has proved very successful from every respect, and the industrialists and investors coming from 26 different countries of the world, have signed agreements worth billions of dollars for investment in different sectors in the province.

The chief minister said that holding of 2nd business seminar in Lahore is a wonderful achievement as hundreds of investors from across the globe have participated in this seminar. He said that Pakistan’s largest coal power project is going to be inaugurated after 48 hours, and Prime Minister Nawaz Sharif shall formally inaugurate this 1,320MW project. An investment of $1.8 billion has been made on it, and this project has been completed in a record period of time under the CPEC.

Meanwhile, the chief minister held separate meetings with Chief Executive Officers and high officials of foreign investment companies attending the second international seminar. The investors from China, France, Turkey, Germany, Japan, South Korea, UK and other countries agreed to invest in different sectors in the Punjab. They showed deep interest in investment in energy, infrastructure, transport, health care, low income housing schemes, industry and other sectors. The chief minister also inaugurated the ISBOP Expo-2017, which has been set up in connection with second international seminar on investment opportunities in the Punjab at Expo Center Johar Town. Provincial Ministers Sheikh Allaudin, Dr Ayesha Ghaus Pasha, Mansha Ullah Butt, members of the assembly, chief secretary and high officials were present on the occasion.

The chief minister had a round of the exhibition and visited different stalls. He took great interest in the products displayed at the stalls. It is to be noted that Punjab Governor Rafique Rajwana hosted a dinner in honour of participants of 2nd international seminar on investment opportunities in Punjab at Governor's House. CM Shehbaz especially attended the function. Provincial Ministers, diplomats, Consul Generals of different countries in Lahore, members of business community, parliamentarians and foreign participants of the international seminar attended the dinner in large numbers.
http://nation.com.pk/business/24-May-2017/60-mous-inked-during-int-l-business-symposium
 
. .
Business seminar ends with a bang: Companies enter into seven agreements

LAHORE: The second international seminar on business opportunities concluded here on Tuesday, pledging multi-million dollars investment in various sectors in Punjab through seven agreements signed between local and foreign companies.

The agreements signed in the presence of Chief Minister Shahbaz Sharif, Finance Minister Ayesha Ghaus-Pasha and Industries Minister Sheikh Allauddin included $120 million accord between Nishat Mills and Sojitz Corporation, $90m agreement between PIEDMC and Pepsico, $10m deal between FIEDMC and Tiancheng International Construction and $15m contract between FIEDMC and Star Power Electrical with joint venture of Habib Rafique Group.

Under the agreements, investment will be made in automobile, food, steel structures, power transformers manufacturing and some other sectors in mega cities of the province.

Besides these agreements, as many as 40 memorandums of understanding (MoUs) were signed between local and foreign public and private sector firms under various modes in information technology, energy, foods, steel manufacturing, transport, communication, infrastructure, livestock, agriculture, provision of safe and clean drinking water, mines and minerals etc.

The summit also showcased several export-oriented industrial goods at the Expo Centre in Johar Town where a number of foreign delegates visited stalls set up by several companies.

“This [conference] has generated immense amount of confidence of the foreign investors and [it] attracted a dedicated participation of 24 countries. It also reflects confidence of about 400 business delegates in the government led by Nawaz Sharif,” Shahbaz Sharif said while speaking to the audience at the concluding ceremony.

“During the last two days, I held marathon sessions with foreign delegates representing various companies of China, Germany, Turkey, UK, Japan, South Korea intending to invest [in Punjab] in various sectors,” the CM added.

The foreign delegates took keen interest in meeting with the senior government officials in order to seek information about the available business opportunities in the province. They were also interested in knowing about how to register their firms in Pakistan, procedures and laws related to beginning businesses in various sectors.

5924b2dc6e82a.jpg

– White Star


“I am interested in a couple of sectors. And that’s why I arrived in Lahore to look into some opportunities,” said a Chinese businesswoman, who was hesitant to tell her name.

“Punjab in particular and Pakistan in general is very popular in Turkey, particularly with reference to Nawaz Sharif and Shahbaz Sharif. That is why I contacted the Pak-Turk business council to proceed to Lahore to attend the event,” Mr Ogus, a senior executive of Turkish company, told Dawn.

“Before establishing the factory here, I plan to export medicines to Pakistan from Istanbul. For this purpose I will establish the company office in Lahore,” said Ogus.

Shahbaz said though thousands of agreements and MoUs had been signed since Independence, only a few were materialised.

He said in the past MoUs and agreements were signed but were not implemented.

“That is why, I have lost trust in MoUs and try to enter into agreements [by avoiding the MoUs]. Therefore, we have kept the agreements and MoUs separate,” he said.

Published in Dawn, May 24th, 2017
 
.
With the Punjab Government karta dharta's having there investments elsewhere!!
 
.
Funny - I had to look up the thread to figure which Punjab it is..
 
.
keep going make industries in Punjab and be a model for progress.. i hope they will open industries and companies to develop goods and services in punjab which can be exported to the world...
 
.
Funny - I had to look up the thread to figure which Punjab it is..

There is only one 1 punjab dear.

keep going make industries in Punjab and be a model for progress.. i hope they will open industries and companies to develop goods and services in punjab which can be exported to the world...

5 more years of Shahbaz speed and punjab will reach moon.
 
. . .
The Indian state of Punjab, filled with junkies and drug addicts? Gomutra truly clouds the Hindu mind... :disagree:
You are entitled to your view. I was merely pointing out the irony of two nations at loggerheads having the same name for one of their states. Sad that everything you view is through the prism of Hindu - Muslim and gaumutra.
 
. .
I was merely pointing out the irony of two nations at loggerheads having the same name for one of their states.

Sure you did. :lol:

I've been here long enough to know how you people think when you post. Envy and bitterness goes into every post.
 
.
Sure you did. :lol:

I've been here long enough to know how you people think when you post. Envy and bitterness goes into every post.

As I said, you are entitled to your views. I've had disagreements with your fellow countrymen over historical facts but I have not insulted your nation or mocked your faith. Anyways, best of luck.
 
.
Well done Punjab then. Not Indian Punjab of course XD
 
.
Back
Top Bottom