Federal Minister for Commerce Humayun Akhtar on Saturday said the annual meeting of World Economic Forum would play an important role in promoting investment in Pakistan. Talking to newsmen the Commerce Minister said the forum was an important place where world leaders, representatives of leading companies and financial experts gathered and exchanged views and ideas to promote development in the developing countries.
Replying to a question, the Minister said he had held many meetings with representatives of several countries attending the forum and discussed bilateral trade relations with them.
To a question about setting up proposed US sponsored Reconstruction Opportunity Zones in Pakistan's bordering areas, the Minister said the required legislation for establishing of these zones is expected to be tabled in US Congress by March this year.
The Minister said these ROZs are expected to be established in bordering cities of Balochistan and NWFP and Fata and the products prepared in these zones would be exported to US and other markets.
He said October 2005 earthquake hit cities in Azad Kashmir and NWFP would also be included in the areas where these ROZs would be established. He said, "Though the sites for these ROZs are not yet finalised but existing industrial cities in these areas are also expected to be declared ROZs."
About various Free Trade Agreements, Humayun Akhtar said that agreements with Malaysia and Singapore would be signed soon as the process is in final stages.
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