British investors keen to invest in minerals
QUETTA: British investors have shown keen interest in investment in oil, gas and mineral sectors in Balochistan.
They termed the prevailing law and order situation conducive for investment in the province.
A delegation of Pakistan Britain Trade and Investment Board headed by Pakistan-born British national Nadeem Khan had a meeting with Chief Minister Nawab Aslam Raisani here on Wednesday and discussed investment opportunities in the province.
The members of the delegation while referring to law and order situation observed that the security situation was not as bad as western media depicted at the international level. It is conducive for making investment.
It was agreed in the meeting that a mechanism would be evolved under which the trader and investment board and the concerned Balochistan department would remain in close contact.
Nawab Aslam Raisani while speaking at the meeting said that the Balochistan government was implementing a comprehensive policy for extending necessary incentives and protection to the local and foreign investors.
An investment board would soon be set up in the province to facilitate investors, he added.
Nawab Raisani informed the delegation that Balochistan desks were being established at the Federal Board of Investment in Islamabad and Karachi.
These desks would provide all necessary information to the interested investors regarding different sectors of the province.
He assured the British investors’ delegation that the law and order issues, if any, would not be allowed to affect local and foreign investment in Balochistan.
Senior officials briefed the delegation on the investment opportunities in different sectors and informed them of the incentives offered on investment in the province.
The incentives cover duties on import of heavy mining machinery and 33 per cent tax concession enjoyed by the foreign investors.
The mineral sectors in which foreign investors could invest were also identified in the meeting by secretary mines and mineral.