Attachés directed to lure in foreign investment
16 countries identified for attracting investments.
Khwaja says that Pakistani-origin businessmen, who have established their businesses abroad since 1947, should be contacted.
ISLAMABAD:
The Ministry of Commerce issued directives to 16 commercial attachés in different countries to lure foreign investment in the country.
Member of Senate Standing Committee on Commerce Senator Karim Ahmed Khawaja said the directives were issued in compliance with the recommendations given by the committee to the commerce ministry. The directives were issued to commercial attachés in the United Kingdom, Canada, the United States, India, Australia, Hong Kong, Malaysia, Singapore, Thailand, Bangladesh, Sri Lanka, Germany, France, South Africa, Tanzania, Kenya, Oman, Qatar, Kuwait, Saudi Arabia and Iran.
The proposal was initially moved by Khawaja in a bid to enhance volume of foreign investment in the country. He said the Pakistani-origin businessmen, who have established their businesses abroad since 1947, should be contacted.
Khawaja held a meeting with the Commerce Secretary Munir Qureshi in which a framework was prepared to materialise the proposal. “During the meeting with the secretary commerce, 16 countries were identified for exploring investments and all the necessary work has been done in this regard,” Khawaja added.
He said a good amount of foreign investment can be attracted because Pakistani expatriates still have affiliation with the country. “During my visits to different countries, I met Pakistani nationals settled over there and they expressed their desire to come to Pakistan with investment,” Khawaja added.
Replying to a question, he said that the modalities for incentives will be prepared after approaching and negotiating with them.
Published in The Express Tribune, January 12th, 2013.
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The Ministry of Commerce issued directives to 16 commercial attachés in different countries to lure foreign investment in the country.
Member of Senate Standing Committee on Commerce Senator Karim Ahmed Khawaja said the directives were issued in compliance with the recommendations given by the committee to the commerce ministry. The directives were issued to commercial attachés in the United Kingdom, Canada, the United States, India, Australia, Hong Kong, Malaysia, Singapore, Thailand, Bangladesh, Sri Lanka, Germany, France, South Africa, Tanzania, Kenya, Oman, Qatar, Kuwait, Saudi Arabia and Iran.
The proposal was initially moved by Khawaja in a bid to enhance volume of foreign investment in the country. He said the Pakistani-origin businessmen, who have established their businesses abroad since 1947, should be contacted.
Khawaja held a meeting with the Commerce Secretary Munir Qureshi in which a framework was prepared to materialise the proposal. “During the meeting with the secretary commerce, 16 countries were identified for exploring investments and all the necessary work has been done in this regard,” Khawaja added.
He said a good amount of foreign investment can be attracted because Pakistani expatriates still have affiliation with the country. “During my visits to different countries, I met Pakistani nationals settled over there and they expressed their desire to come to Pakistan with investment,” Khawaja added.
Replying to a question, he said that the modalities for incentives will be prepared after approaching and negotiating with them.
Published in The Express Tribune, January 12th, 2013.
Like Business on Facebook to stay informed and join in the conversation.