Malaysian com­pany keen to set up amuse­ment park

Pakistan Observer - - ECONOMY WATCH - STAFF RE­PORTER

LAHORE—ASEAN Re­tail Chains and Fran­chise Fed­er­a­tion, one of the lead­ing group of com­pa­nies in Malaysia, has shown keen in­ter­est in set­ting up a state of the art amuse­ment park in Lahore dur­ing a meet­ing at Pun­jab Board of In­vest­ment and Trade on Mon­day. Del­e­ga­tion mem­bers told PBIT team that for this project 300 acres of land would be needed at a place that is eas­ily ac­ces­si­ble, ide­ally near the mo­tor­way. They were in­ter­ested in know­ing about con­ces­sions on land, tax ex­emp­tions on the im­port of old as well as on new ma­chin­ery and other tax re­lief that they could avail. The group also ex­pressed its in­ter­est in ob­tain­ing a li­cense from the Govern­ment to train man­power in Pun­jab.

Amena Cheema, CEO PBIT, said that Chief Min­is­ter Pun­jab was fully sup­port­ive of in­vest­ment di­rected at en­hanc­ing Pun­jab tourism po­ten­tial. She pro­posed that the Group should share their pro­pos­als and queries with PBIT so that the way for­ward could be sug­gested ac­cord­ingly. PBIT team as­sured the del­e­ga­tion mem­bers of com­plete fa­cil­i­ta­tion re­gard­ing the fea­si­bil­ity of the project that also in­cludes re­tail out­lets linked with the amuse­ment park. PBIT also ex­pressed its readi­ness to link the Malaysian Group with rel­e­vant govern­ment depart­ment such as PHA, LDA, SECP, FBR and Cus­toms.

LAHORE: Malaysian del­e­ga­tion in a meet­ing with Pun­jab Board of In­vest­ment and Trade of­fi­cials.

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