Bahrain to invest in various sectors

Published August 25, 2006

ISLAMABAD, Aug 24: Bahrain has shown its keen interest to make investment in power, housing and construction sectors of Pakistan. A three-member delegation of Strategic Acquisition and Investment and Kingdom Group of Bahrain led by Jasim Mohammad Al Malki, chairman Kingdom Group, held a meeting with Board of Investment (BoI) acting secretary Talat Miyan here on Thursday.

Mr Talat briefed the delegation about the investment opportunities available in the country. He said the shift in policies during the past five years had started yielding fruits.

He pointed out that Pakistan had great potential for investment and assured the delegation that their investment would be fully protected and they would enjoy unmatched facilities here as the country offered environment conducive to investment.

Mr Yusuf Abdullah Taqi, CEO of Strategic Acquisition and Investment, briefed about the functions and interests of his company. He said that they wished to expand their business here as Pakistan was fast emerging as a hub of investment in this region.

Meanwhile, another delegation of International Finance Corporation (IFC) led by vice-president of industries Declan Duff called on Adviser to Prime Minister on Finance Dr Salman Shah here on Thursday.

The delegation briefed the adviser about its investment in different sectors like banking oil and gas education, infrastructure and power generation.

The adviser informed the delegation that Pakistan had achieved considerable success in economic growth but still there was a huge potential to fully develop the manpower available in the country.

He said that Pakistan aimed to be a major manufacturing country so that it could create jobs for millions of young people.

The adviser said that there were vast opportunities of investment in education, communication and infrastructure. He informed the delegation about setting up of infrastructure fund by the government.