January 22, 2006	Sunday	Zilhaj 21, 1426

ISLAMABAD, Jan 21: Senate Chairman Mohammedmian Soomro has said that Pakistan is offering a lot of investment opportunities in all fields, including the power production and housing sector. He said that a suitable legal protection had also been given which provided safeguards to foreign investments.

He made these observations while talking to an investor’s delegation led by Haji Amin Pardesi, chief executive officer of Al Ghurair Giga.

Welcoming the Malaysian and UAE-based investors, the Senate chairman pointed out that there was a shortage of six million residential units in the country and that the increase in the population was adding to the demand for housing units. He expressed the hope that Malaysian investment would contribute to the already improved investment environment and pave the way for attracting more foreign capital and generating employment opportunities in the country.

He informed the delegation that a number of Malaysian entrepreneurs had already invested in the fields of power generation, farm mechanization and various industries in the country.

The delegation members informed the Senate chairman that their company was one of the fast growing real estate developers in the Gulf that had successfully undertaken a number of projects in the Middle East. Mr Soomro was further informed that its team of highly qualified professionals in the fields of architecture, construction, management and interior design would impart training, know-how and technology to the local experts in these fields.—APP