Metro bus, train services for Karachi under consideration

KARACHI: Chairman Board of Investment Dr Miftah Ismail has said that government was taking all necessary steps to resolve the issues of local and foreign investors on preferential basis.

“Rs 500 billion have been earmarked for addressing energy crises in the country whereas attention is being given on the plans for Karachi metro bus and train services under modern transport system.”

This he said while speaking at a dinner reception hosted by Chairman Afeef Group and Karachi Business Forum Rashid Ahmed Siddiqui in his honor on Sunday night. Chief Executive Trade Development Authority of Pakistan (TDAP) SM Muneer, President Karachi Industrial Alliance Mian Zahid Hussain, President KATI Syed Farukh Mazhar, Zubair Tufail and Dr Mirza Ikhtiar Baig were also present.

Ismail said that Board of Investment was very active for bringing opportunity for more investments in the country and information was being provided to foreign investors through conducting different seminars for investments in Pakistan.

Muneer said that Prime Minister Nawaz Sharif and his entire team was planning for investment and industrialization in Pakistan whereas increase in foreign investment shows the confidence of foreign investors on the government.

He said that full benefits had been given to exporters and investors in federal budget due to which exports would be increased and millions of employments would be created. “Overseas Pakistanis could get benefits through investment friendly policy.”

Zahid Hussain said that government had tried to facilitate the businessmen in federal budget and did not burden with additional tax on taxpayers, which was very promising.

He said that one window operation in the country for investment and industrialization was very important for which facility of one widow operation should be provided to local and foreign investors.

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