PM seeks investment for country’s prosperity

Turkish, Russian banks may open branches in Pakistan.


Express June 25, 2011

ISLAMABAD:


Prime Minister Yousaf Raza Gilani has said that the government is taking all measures to facilitate local and foreign investors to enhance investment in various sectors, which will help realise the vision of a prosperous Pakistan.


Talking to Board of Investment (BOI) Chairman Saleem H Mandviwalla at the PM House on Saturday, Gilani said the pace of expansion of Pakistan Steel Mills should be accelerated, adding modernisation and revamping of the mill with Russian technical assistance would enhance its capacity and transform it into a profit-earning enterprise.

He underscored the need for more meaningful interaction with neighbouring countries to attract investment in various sectors, including power and energy.

He said Russian Minister for Economic Development Elvira Sakhipzadovne Nabiullina had been invited to visit Pakistan, adding heads of foreign investment from Italy and Sri Lanka were also expected to come to Pakistan this year. Mandviwalla also discussed the possibility of opening branches of Turkey’s Ziarat Bank and Russia’s BTB Bank in Pakistan.

Published in The Express Tribune, June 26th, 2011.

COMMENTS (2)

Praise | 12 years ago | Reply Great job Mr.Gilani! Credit well deserved!
ToddA | 12 years ago | Reply Let me see if I get this right... USA gives Aid to Pakistan , Borrowed from China , Buy Jets made in China.Who wins? Corruption, King Hillary and Queen Obama Gave a trillion away like its water. Imagine a Nobel Peace Prize winner that can not remember history or do math, So much for Harvard, Hillary ,Return the checkbook, The Bank called and said the credit card is overdrawn! Signed, Council for Foundations, orlandca@yahoo.com
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