BMA Capital has extended financial and investment services to NWFP with the objective of the facilitation and promotion of investment in the province. This was announced at a function held at a local hotel with NWFP Minister for Finance Mohammad Hamayun Khan as chief guest.
BMA Capital Chief Executive Officer Junaid Iqbal gave a detailed presentation on various modes of investment and particularly mutual funds. The BMA, he said, would provide facilitation in 20 different kinds of mutual funds.
The company, he said, would provide research on the mutual companies and offer investment and would help get a status of their products in the market. The company would also carry research on transaction, risk and rate of return and would provide it to the people.
BMA would encourage investments in mutual funds as it had less risk and handsome return, he said, adding that it would work as risk manager and review situation of stock market on daily basis.
The company would also hold functions in educational institutions, banks, chambers of commerce and other government institutes for encouraging people to investment in mutual funds. Speaking on the occasion, NWFP Minister for Finance Mohammad Hamayun Khan said the government was making efforts for bringing investment to arrest the growing problem of employment.
He said that the provincial government had constituted a committee, headed by the Chief Minister, to give incentives to private sector for promotion of private investment in the province.
The minister said that the provincial government was also making arrangements for the establishment of Reconstruction Opportunity Zones (ROZs), and added the US Congress was likely to give approval to the product by November. The provincial government, he said, started creating space for the project in the existing industrial estates.
He said that they were in close contact with the business community of the province through chambers of commerce and industry to encourage private sector to come and invest in the province. He also extended thanks to BMA for extension of services to the province.