The Chairman of Port Qasim Authority (PQA), Vice Admiral, Asad Qureshi has said that many mega projects are in the pipeline which attract an investment of at least $3 billion.
The PQA received an amount of $1.5 billion investment in various projects so far, he added. In a meeting with a four-member Japanese delegation from JETRO, JICA, Hiroyuki Miyakawa (DG JETRO) Kokyo Tamaki (Protect formation advisor JICA) and two consultants from IDCJ (International Development Centre of Japan), George Terahorca and Shigeki Kawahara visited Port Qasim here on Wednesday afternoon, stated in a statement.
The delegation evinced keen interest in infrastructure development related projects of PQA. Vice Admiral Asad Qureshi said, "PQA welcomes any foreign investment in the country and would facilitate all such investments at the port proximity".
The Port Qasim is undertaking development protects including deepening of navigational channel to maintain all-water 13.5 meters draft, LPG Terminal, Textile City, World Trade Centre, Waterfronts and Diamond Bar Island City. he said,, "To promote Industrialisation, the port has completed a major road network and other projects in its industrial area ninety-one industrial and commercial projects are already operative and 53 units are being constructed, he added. The share of Port Qasim Authority in sea borne trade increased from 33 percent to more than 42 percent in the financial year 2005-06.
As one of the largest revenue source, the PQA contributed more than Rs 71 billion in the form of duties and taxes, which contributed 10 percent of the total revenue receipts of the country.-PR