Saturday, 18 July 2009

Pakistan - Five agro-industrial parks for Balochistan


QUETTA: Minister for Industries and Production Mian Manzoor Ahmed Watto has said that the federal government would invest over 60 per cent of the total allocations made in the Balochistan budget for the promotion of trade and industry.
Speaking at a press conference after a brief visit to Quetta on Friday he said that the decision had been taken to develop industries and promote trade in the province
Chief Minister Nawab Aslam Raisani, federal ministers Ayatullah Durrani, Mir Humayun Aziz Kurd and Balochistan Industry Minister Syed Ehsan Shah were also present on the occasion.
Mr Watto announced that marble cities would be established in the province to encourage investment in the industrial sector and to explore the mineral resources that remained untapped so far. He said that exploration of mineral resources in the province would benefit the country in general and Balochistan in particular.
He disclosed that the federal cabinet had approved and notified Gwadar as a tax free zone offering some incentives as compared to other such zones in the country. He said that with the establishment of a tax free zone in the new port city of Gwadar local and foreign investors would come forward to invest in the industrial sector.

Mian Watto further said that he had brought an offer of Rs3 billion projects which would be spent in the province on the recommendation of the provincial government.

Read the full article here.

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