Conducive atmosphere has been provided for investment: CM

Punjab Chief Minister Muhammad Shahbaz Sharif has said a very conducive atmosphere has been provided for investment in the province. He said Punjab government has formulated policies based on attractive incentives for investors and due to financial transparency, better law and order situation and proper infrastructure, the investment made in the province is completely safe and profitable.
He said vast opportunities of investment are available in information technology, livestock, industries, means of communication and other sectors. He was addressing the 11th meeting of Board of Directors of Punjab Board of Investment and Trade. Addressing the meeting, Muhammad Shahbaz Sharif said our country is rich in natural resources. He said the third largest gas reserve of the world is in Pakistan and it is fourth country in cotton production and fifth milk producing country at international level. Similarly, Pakistan is considered seventh country in wheat production and 12th in rice production. These figures show that there is no dearth of resources in Pakistan but it is need of the hour that necessary infrastructure should be provided for utilising these resources in public interest. Shahbaz Sharif said Pakistani investors should fully benefit from the trade opportunities in Saudi Arabia and other gulf countries. He gave approval in principle to the posting of honourary investment advisors abroad for the promotion of investment and directed that a comprehensive plan should be evolved for this purpose. These advisors besides image promotion of Punjab province in other countries will also provide necessary information and guidance to foreign investors regarding investment in the province. The meeting reviewed the alternate resources of energy in detail and proposed that necessary resources of energy required to industrial sector can be provided through coal, gas LPG and biomass. Proposed system of “commodity trading” regarding sale and purchase of agriculture products was also reviewed. The meeting also considered various proposals for making the youth self-reliant economically. Chief Minister directed that necessary opportunities should be provided to the youth for better economic future so that instead of seeking government jobs, they should stand on their own feet. While constituting a special committee headed by renowned industrialist Syed Babar Ali, Chief Minister directed this committee should consider new prospects of self-employment for youth.