Japanese overseas Pakistani to invest $ 20 billion

LAHORE, Apr 24 (APP)- Japanese Overseas Pakistani will make an investment of $ 20 billion in the country and the government will provide all the facilities to these investors in launching their projects.

Punjab Minister for Trade and Investment, Dr. Zafar Suhail Cheema expressed these views while talking to a delegation of overseas Pakistani here Tuesday.

He said that the industrial sector has witnessed a remarkable progress due to the investors friendly policies of the government and added the big multi national companies of the world are making investment in the country.

He told the delegation that in next three years foreign investors will make an investment of $ 25 billion in the Punjab ,particularly in Lahore. Due to this, not only the economy of the province will improve but also thousands of people get job, he added.

He said that inauguration of the first store of German company Metro Cash and Carry will be held in next two months,whereas Makro,a Holland based company has already established its store here.

He said that the government is also paying attention on the uplifting of infrastructure besides provision of other facilities to the foreign investors .

http://www.app.com.pk/en/index.php?option=...76&Itemid=2

Japan has always been good freind of Pakistan.

Didn't know there were rich Pakistanis in Japan also.

Damn $ 20 Billion!!

Nice to see overseas Pakistani helping out the economy of Pakistan...

Aoa





Now $ 25 billion in three years is above $ 8 billion a year! And that too in Punjab! Good news, but is it true?


ws/alaam

add to that another qn as to what they'll be investing in? industry or more freakin construction?!

this is the point

for god sake dont put this valuable money into dha and construction and property.

INVEST IT IN

1) POWER GENERATION PROJECTS ( especially hydal , nuclear , wind )

2) ENGINEERING SECTOR.

3) STEEL MILLS .

4) MACHINERY TO DEVELOP OUR NATURAL RESOURCES.

5) INCREASING THE DEFENCE PRODUCTION CAPACITY for LOCAL AS WELL AS EXPORT USE.

Economic boom in any coutry starts from construction and trickles down to other sectors, thats how money is distributed from those who have to those who work for living, increasing their buying power and creating demands for industrial good and services.

A business man doesnt go into a business for welfare of others or the country (although there are few who do)

If it is in construction, it would a blessing for our local industry and man power.

$20 billion, from one man, he's the richest Pakistani i know!!!

Who is this man?!!!

That is not one guys money, there are several groups of Pakistani's who have entered in JV's with Japanese partner to invest in Pakistan.

trust me i understand the profit motivation of businessmen and i understand the trickle-down effect (even though it has never really been empirically proven in just about any developing country).

what bothers me is that all the investment whether from dubai or elsewhere always goes into construction, why not into steel mills (i know there is a bit going there but relative to construction not much) or IT or other technology related industries....

Probably because the construction industry has more cost to benefit ratio at this time than the others. Steel mill requires a large sum of money and the setup time is longer compared to in a construction industry where houses or office plazas are rected with in a year or two and are sold or rented right away.

I have a general feeling that alot of our industrialists are not much philanthropists. They don't think once about nation building but twice about wealth building.

bro i think you'll find that most industrialists in most countries are similar.

Your assumption is wrong. in middle eastern countries , for decades money is being spent on real estate and building and no technological advancement took place their.

Its the job of government to attract investment in other sectors ESPECIALLY when we also have trained manpower.

There is a lack of awareness in people that other business apart from real estate cant give profits.

THE POWER SECTOR IS VERY PROFITABLE SECTOR TO INVEST IN.

LOOK AT american ENERGY GIANTS. THE RATE OF RETURN ON POWER PROJECTS IS VERY HANDSOME. PLUS PAKISTAN IS VERY ENERGY HUNGRY AT THIS MOMENT OF TIME.

WE NEED HUGE INVESTMENTS IN POWER SECTOR FOR PROVIDING CHEAP POWER TO OUR INDUSTRY TO STAY COMPETITIVE IN WORLD MARKET OF EXPORTS.

If we can not make dams , it does not mean that we should not install HYDEL POWER PROJECTS on our river system.

There are plenty of sites on river indus and jehlum where we can generate electriciy from water. No attention to this by governments is CRIME.

HERE , THE FUTURE INVESTORS MUST BE MOULDED AND FACILITATED. ENOUGH OF REAL ESTATE.

My friend, calm down for a second. Those Arab countries do no have a population big enough. Where as in Pakistan, Mullas daba kar bachay paida kar rahay hainkay whocares, Allah tala will take care of the kids. All that population needs shelter and that is where the foreign investment is coming. Not becasue they have any love for the Pakistani population. It is more profitable in a quickest time.

Other projects mentioned by you are also a must have but they take long to be build and completed.

If I want to invest some money, I want to have a quick return starting as soon as my money withdraw from my account.

Traditionally pakistanis that live abroad have usually invested in Land and Property, though this does not do much for the economy and the rental returns are not as high as they were before.

Here are buisnesses that would be ideal.

Materials manufacturing, plastics, resins, alloys, steel etc.

Chemical manufacturing

Food Manufacturing factories

Pharmaceuticals (GENERIC) licences would be easily available

Technology orientated industries. I.T, telecoms, etc

Defence related sectors.

A cousin of mine started to manufacture cables, wires, and small electrical based items, he now exports to over 30 countries and is looking to set up a 3rd plant.