Japan mulls $250 million investment in Sindh

KARACHI: Japan, which is the third largest national economy in the world, after the US and China, in terms of nominal GDP, is interested in investing $250 million in small industries sector in the province of Sindh, a statement said on Monday.

“The economic powerhouse wishes to establish economic zones to develop automobile/motorcycle spare parts and textile industries at Dhabeji and Northern Bypass,” Provincial minister for industries and commerce, Manzoor Hussain Wassan, told a press conference here at Sindh Secretariat after meeting a delegation of Pak-Japan Business Council (PJBC).

“After the improvement of law and order situation, the world is giving importance not only to the province but also the whole country. The year 2017 will be year of surprises, which have started showing.”

To a question, he said that with China-Pakistan Economic Corridor (CPEC), new investment avenues have started opening for Pakistan. Secretary Industries and Commerce Department Abdul Rahim Soomroo, president Pak Japan Business Council Rana Abid Hussain, president DTS Dr Haroon Takshai, Irfan Siddiqui and others also attended the meeting.

Chinese group keen to invest in real estate, mining sectors in Pakistan

Shandong Jinzheng Yang Group President Sun Yunxiang has shown keen interest in housing, real estate, mines and minerals sectors of Pakistan, it was revealed on Tuesday.

Shandong Jinzheng Yang Group from China President Sun Yunxiang along with a 9-member Chinese delegation visited Board of Investment (BOI) and met with Secretary BOI Iftikhar Babar, said a press release issued to the media.

The BOI secretary welcomed the Chinese investors to invest in Pakistan in all sectors of the economy especially in power, energy, construction, agriculture and other sectors of the economy.

The BOI secretary said that the government of Pakistan was committed to improving the business climate in the country in order to promote both domestic and foreign investments. This commitment has been reflected in the plan for improving business climate developed by the BOI in consultation with other stakeholders, which stipulates targeted interventions in different areas to improve business environment in the country.

BOI Director General Sohail Ahmed Khan gave a detailed presentation focusing on investment climate and investment opportunities available in Pakistan which was highly appreciated by the delegation.

Sun Yunxiang thanked the BOI for cooperation and facilitation on a short notice of one hour. He also informed about the company’s future investment plans for Pakistan.