Govt focusing to attract investment: Gilani
ISLAMABAD, Jun 25 (APP): Prime Minister Syed Yusuf Raza Gilani on Saturday said the government is taking all measures to facilitate local and foreign investors to enhance investment in various sectors. Talking to Saleem H. Mandviwala, Chairman Board of Investment (BOI) at PM House, said the increased investment would help materialize the vision of prosperous Pakistan. The Prime Minister asked the Chairman BOI to accelerate the pace of expansion of Pakistan Steel Mills. He maintained that balancing, modernization, revamping and extension of the Steel Mill with technical assistance from Russia will enhance the current capacity of Pakistan Steel Mills and help transform it into a profit generating entity.
The Prime Minister stressed the need to interact with neighbouring countries for more meaningful economic activity and to attract investment in all the sectors including power and energy.
Chairman BOI apprised the Prime Minister about International Economic Forum held in St. Petersburg, Russia recently. He informed that during the forum, the Minister for Commerce and Industry of India Anand Sharma conveyed to him that he intends to invite the high-power delegation of Pakistani businessmen and industrialists to India to boost economic ties between the two neighboring countries.
He said he had also invited the Minister for Economic Development of Russia, Mrs. Elvira Sakhipzadovne Nabiullina to visit Pakistan.
He also informed the Prime Minister that this year the heads of foreign investments from Italy and Sri Lanka are expected to visit Pakistan.
Chairman BOI also apprised the Prime Minister about the possibility of opening of Branches of Ziarat Bank of Turkey and BTB Bank of Russia in Pakistan in near future.
The ICBC China Bank, he mentioned, has already opened its Branches in Islamabad and Karachi.