President directs govt to remove barriers for investment


President Zardari on Friday advised the government to expedite setting up motorcycle manufacturing plant to relieve pressure on public transport and facilitate the low income groups with economical and affordable means of transport. He said this during a briefing at the Presidency to review progress in the building of a motorcycle plant in Karachi by the Japanese manufacturer Yamaha. The meeting was presided over by President Asif Ali Zardari and was attended by Minister for Industries Ch Pervez Ilahi, M. Salman Faruqui, Secretary General to the President, Saleem H. Mandviwala and Chairman Board of Investment (BOI).
While briefing the media Spokesperson to the President Farhatullah Babar said that during President’s visit to Japan and his meeting with Japanese investors and manufacturer, Yamaha Motorcycle Company had shown interest in setting up a motorcycle manufacturing plant in Pakistan. He said that during today’s meeting, it was informed that teams of Japanese manufacturer Yamaha had already visited Pakistan to evaluate plans and proposals for manufacturing motorcycles in Karachi.
The President called for encouraging foreign investments in the country and to extend all possible facilitation to foreign investors to take advantage of investment opportunities in the country. The President said that motorbike was an economical means of transport for low income people and directed that all bottlenecks in the way of Yamaha investment and setting up manufacturing plant in Pakistan be removed on priority basis. He said that the Government was working hard to transform the country into one of the most attractive and business friendly places in the region. The President said that the Government was also committed to ease and simplify procedures to facilitate investors and businessmen.