Friday, September 4, 2009

Terrorised but Resiliant Pakistan Expecting $5.627 billion Foreign Investment in 13 projects

Although Pakistan is fighting a war against terrorism but a resilient Pakistan is expecting foreign Direct Investment (fDI) of $5.627 billion in 13 projects. Besides that there has been a constant stream of investors investing in Karachi Stock Exchange. KSE is on a two year high.

According to Board of Investment, the projects expecting investment include trade, construction, steel, infrastructure, automobile, telecom, power and banking sectors.
Even though Post-Musharraf foreign investment inflows have been slow but its on an upward trend.

A project of Al-Tawarqui Group of Saudi Arabia for steel manufacturing in Al-Tawarqui Steel Mill is also in the pipeline with an investment of $1 billion. An investment of $200 million and $21 million is in the pipeline for projects in trade, services and consumers products from M/s Metro Cash & Carry and M/s MAF Hypermarkets Pakistan (Pvt) Limited (Dubai) respectively.

An investment of $1 billion is in the pipeline by M/s Al Ghurair and the Giga Group of UAE for World Trade Centre, Gold Crest in DHA Islamabad and $450 million from M/s Pak-Gulf Construction Company (PGCL) for residential towers and hotel in the Centaurs in Islamabad.

A project of Al-Tawarqui Group of Saudi Arabia for steel manufacturing in Al-Tawarqui Steel Mill is also in the pipeline with an investment of $1 billion.
M/s Agility Logistics, Kuwait also invest $160 million in logistics centers Warehouses.
M/s Tianjin Renong Pesticide Industries Company and M/s Pak-China Chemical are planning $12 million investment in chemical sector.
China National Machinery and Equipment Import Export Corporation have a project in the pipeline for investing $450 to $500 million in Sonda-Jherruk Integrated Coal Mine & Power Plant Project.
A project of M/s Haier to invest $200 million in infrastructure development at China-Pakistan Economic Zone is also in the pipeline.
M/s King Long United Automotive Industry of China also wanted to invest $1.3 million in automobile sector.
Telenor Norway will invest $1.8 billion in telecom sector.
M/s Atlas Group would invest $250 million in power and $33 million in banking sector, according to BoI.

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