Foreigners invest $3 billion in Punjab projects

PBIT chief reveals more projects valuing at $6b are in pipeline

LAHORE: Foreign investors have been expressing increasing interest in making investment in Punjab. In this regard, projects worth $3 billion financed by foreign investors have been started by the Punjab Board of Investment and Trade (PBIT), said PBIT Chairman Sardar Tanvir Ilyas.

The chairman told The Express Tribune that more projects amounting to $6 billion were in the pipeline. He said the provincial government had also introduced one-window operation to facilitate investors and help them benefit from the best raw material, labour and infrastructure.

The private sector should be prioritised in order to create more employment and ensure development in the country, he added.

He said the economic measures taken by the Pakistan Tehreek-e-Insaf (PTI)-led government would benefit the people on a permanent basis.

The board chairman stressed the need for providing opportunities for the private sector and helping it boost employment. “We need to provide all possible facilities to the business community for which the board is taking steps,” he said, adding that the government was working on streamlining things for businessmen as they were key stakeholders in investment promotion.

He pointed out that foreign investors had started showing increasing business interest in Punjab owing to the availability of raw material, labour and infrastructure there.

“We are creating an amicable environment for businessmen and the interest of investors is being restored.” 

Published in The Express Tribune, April 16^th, 2019.

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