The provision of gas will not only portray positive image of the country, but also attract foreign direct investment as well as lead to increase in exports to about $2 billion per month, said FCCI President. CREATIVE COMMONS
Faisalabad Chamber of Commerce and Industry (FCCI) President Engineer Suhail bin Rashid, in a statement, said with the decision, confidence of local and foreign investors in pro-business policies of the government would be greatly restored.
“Foreign direct investment (FDI) has increased to $331 million during July-Nov 2013 compared to $316 million in the corresponding period of previous year,” said Rashid, adding the decision would send a positive signal to international buyers as well as enable Pakistan to benefit from the GSP Plus status granted by the European Union.
“During the All Pakistan Chambers of Commerce summit in Bhurban, the FCCI pleaded the case of uninterrupted gas supply to the textile industry,” Rashid said. All trade associations of Faisalabad played an important role in the restoration of gas supply to the industry, he added.
He stressed that the provision of gas will not only portray positive image of the country, but also attract foreign direct investment as well as lead to increase in exports to about $2 billion per month, thus paving the way for employment opportunities along with higher economic activities in the country.
Published in The Express Tribune, December 19th, 2013.
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