‘Govt establishing investment zones’: Zardari

[Naveed Yaseen]

ISLAMABAD: President Asif Ali Zardari on Tuesday said the government is establishing special investment zones to attract foreign and domestic investment in the country.

The investors in those zones will be provided with special incentives including tax holidays, duty free exports and dedicated power plants, he added.

The President expressed these views while talking to Nasir Al-Mari of Al-Noor Investors, Kuwait, who called on him at the Aiwan-e-Sadr. Secretary General to the President M Salman Faruqi, Advisor to Prime Minister on Petroleum and Natural Resources Dr Asim Husain, Chairman BOI Saleem H Mandiwala were also present during the meeting.

Highlighting the investment friendly environment in Pakistan the President underlined the need that foreign investors should enhance level of their investments in Pakistan in different sectors.

The President said that the government has also devised a new strategy of Public-Private Partnership whereby both the state and private entrepreneurs will benefit from the investment.

The government has also offered various incentives for private sector to invest in the establishment of food storage houses in Pakistan, he added.

Nasir Al-Mari said that Kuwaiti investors are keen to invest in Pakistan and that his group is exploring different avenues for investment in the country. He further said that both Pakistan and Kuwait enjoy close and cordial relations.

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