RAWALPINDI, Sept 9: President Gen Pervez Musharraf said on Thursday that the government was committed to facilitating investors and would ensure provision of every possible assistance and incentives to them.
The president stated this at a meeting with a four-member delegation of foreign investors, who called on him. Welcoming the delegation, Musharraf appreciated their move for investment in Pakistan. He informed them about different economic measures and policies of the government, saying these have resulted in an investment-friendly environment in the country.
The members of the delegation thanked president for the opportunity to call on him. They lauded the far-reaching economic reforms introduced by the Pakistani government, which have resulted in an excellent investment-friendly environment.
The delegation assured the president that they were conducting feasibility study for establishing the super-shredder for processing scrap metal in Karachi. In this regard, they maintained that their interaction with the Governor and industries minister of Sindh, Chairman Pakistan Steels, Chairman Export Processing Zone Authority and Chairman Karachi Port Trust was quite fruitful and they were encouraged by the positive response.
The proposed super-shredder plant entails an initial capital investment of about $100 million. It would be capable of processing 30,000 tonnes of scrap metal per month and would provide approximately 1,000 jobs, along with technical training to the workforce. The plant would be most modern and efficient scrap processing facility in the region.
The Federal Minister for Investment and Privatization, Dr Abdul Hafiz Sheikh, State Minister for Investment and Privatization, Umar A. Ghuman, Chairman of Board of Investment, Waseem Haqqie and senior government functionaries were also present during the meeting. -APP
