Balochistan Chief Minister Jam Kamal Khan Friday said the province has enormous investment opportunities in mining, agricultural, fishing and other sectors for local as well as foreign investors.
He was addressing an investment conference organized by the Federation Pakistan Chambers of Commerce and Industry (FPCCI) in collaboration with the Islamic Chamber of Commerce and Industry & Agricultural and Economic Cooperation Organization (ECO) Chamber of Commerce and Industry at a local hotel here.
Jam Kamal said that Pakistan is bestowed with natural resources and Balochistan has massive reserves of gold and copper. So far, only one percent of these reserves has been extracted from Chagi mines. These reserves have multiple investment opportunities for domestic and foreign investors. The government of Balochistan is fully committed to supporting investors, he added.
He said Balochistan is on track in terms of growth. The country's largest deep sea port has already been operational in Gwadar and now the country's second shipyard is being set up in Balochistan to support the shipping industry. He said that Gwadar sea port has attained prime importance in the region and will be the hub of regional trade in future with low-cost trade facilities.
"There are lots of investment opportunities in Pakistan, particularly in Balochistan with attractive margins," he said. He urged foreign investors to come forward and get benefit of these investment opportunities.
Jam said foreign investment also creates employment opportunities along with economic growth, therefore ease of doing business for foreign and local investment is the top priority of the government.
Jam Kamal said agricultural and cotton cultivation experiment proved successful in different parts of the province. Recently, the province has produced export quality cotton and with proper planning, Pakistan can enhance its cotton production. In addition, quality dates and other different fruits are also some of the best products of Balochistan, he added.
He said Pakistan has hundreds of kilometers costal belt with most of the parts within Balochistan having investment opportunities in fishing and shipping sector.
He appreciated the efforts of the FPCCI, Islamic Chamber and the ECO for arranging the investment conference in Pakistan and hoped that these kinds of investment conferences will encourage foreign investors.
Earlier, Engineer Daro Khan, President FPCCI in his address of welcome said that this conference will help promote investment and trade among Islamic countries.
Copyright Business Recorder, 2019
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