Jordan's investment team arrives

ISLAMABAD (November 08 2005): A seven-member delegation of Jordan's Shaheen Business and Investment Group arrived here Monday on a three-day visit to examine business and investment opportunities in Pakistan.

During the visit, the delegation would meet Prime Minister Shaukat Aziz and hold meetings with the Federal Minister for Privatisation and Investment, Dr Abdul Hafeez Shaikh and Minister of State for Privatisation and Investment, Umar Ahmad Ghumman.

The delegation includes Jordan's former Deputy Prime Minister and Chief of Jordan's Royal Court, Dr Anani and Group Chairman Khalid Shaheen, said a press release.

The delegation would also hold meetings with Federal Minister for Petroleum and Natural Resources, Amanuliah Khan Jadon and Federal Minister for Water and Power, Liaquat Ali Jatoi.

APP (Associated Press of Pakistan)

JORDANIAN GROUP SEEKS INVESTMENT OPPORTUNITIES IN PAKISTAN

Wednesday November 9, 2005, 3:36 pm

ISLAMABAD, Nov 9 Asia Pulse - A seven-member delegation of Jordan's Shaheen Business and Investment Group arrived here November 7 on a three-day visit to examine business and investment opportunities in Pakistan.

During the visit, the delegation would meet Prime Minister Shaukat Aziz and hold meetings with the Federal Minister for Privatisation and Investment, Dr Abdul Hafeez Shaikh and Minister of State for Privatisation and Investment, Umar Ahmad Ghumman.

The delegation includes Jordan's former Deputy Prime Minister and Chief of Jordan's Royal Court, Dr Anani and Group Chairman Khalid Shaheen, said a press release.

The delegation would also hold meetings with Federal Minister for Petroleum and Natural Resources, Amanuliah Khan Jadon and Federal Minister for Water and Power, Liaquat Ali Jatoi.

(PPI)

Jordan interested in investing in Pakistan

Staff Report

ISLAMABAD: With its serious commitment to liberal economic policies and ample opportunities for investment, Pakistan is an ideal place fro setting up profitable business ventures, said Khalid M A Shaheen, Chairman and CEO of Shaheen Business and Investment Group of Jordan.

At a meeting with Secretary Board of Investment (BoI) Jehangir Bashar here on Tuesday he praised the progress made by Pakistan in terms of economic growth and human resource development.

According to an official statement, Mr Shaheen is heading a delegation, which is now visiting Pakistan. Adviser and former deputy prime minister and chief of the Royal Court Jawad Annani discussed the prospects of investing in infrastructure of Pakistan.

Khalid Shaheen said talented manpower was one of the assets of Pakistan to attract investment in various fields. The Shaheen Group, which has donated $50,000 to the President’s Relief Funds for earthquake, expressed deep sense of sympathy over the colossal natural calamity which resulted in huge loss of human lives and prayed for the early recovery of the injured and rehabilitation of all those rendered homeless.

The secretary BOI made a presentation on the sectors open for investment in Pakistan and identified the areas having potential for foreign investments. He informed that consumer banking had taken off in Pakistan and sufficient resources were available for the purchase of goods and services, including houses. The secretary BOI thanked Mr Shaheen for their generous contribution for earthquake victims.

The Shaheen Group has expertise in telecommunications, manufacturing, engineering, logistics, food processing and financial sectors. The current investment of the company includes $70 million in Land Rover assembly plant.

At present, FDI from Jordan is $ 0.15 million. The trade volume between Pakistan and Jordan in 2003-04 was around $50 million. Pakistan has also signed an avoidance of double taxation agreement with Jordan, according to the statement.