CPEC has widened scope of in­vest­ment in Gil­git-Baltistan

The Pak Banker - - NATIONAL -

Gov­er­nor Gil­git-Baltistan Mir Ghaz­an­far Ali Khan has said that Gil­git-Baltistan has huge po­ten­tial of in­vest­ment as with the com­ing of China-Pak­istan Eco­nomic Cor­ri­dor (CPEC) the in­vest­ment scope has been widen and deep­ened.

He was talk­ing to the LCCI Se­nior Vice Pres­i­dent Al­mas Hy­der here at the La­hore Cham­ber of Com­merce & In­dus­try on Thurs­day. For­mer LCCI Pres­i­dents Mian Shafqat Ali, So­hail Lashari, for­mer Vice Pres­i­dent Aftab Ahmed Vohra, Ex­ec­u­tive Com­mit­tee Mem­bers Mian Zahid Javed, Ab­dul Razaq, Nasira Tas­keen, Ad­nan Khalid Butt, Zahid Maq­sood, Nasira Tas­keen, Za­far Mah­mood, Shahzad Wa­heed, Rizwan Shamsi and other were present on the oc­ca­sion.

Gov­er­nor Gil­git-Baltistan said that in­tro­duc­tion of CPEC and GB be­ing gate­way to CPEC, the strate­gic and so­cio eco­nomic im­por­tance of GB has in­creased man­i­folds and it is a win-a-win sit­u­a­tion for the po­ten­tial in­vestors. He said that law and or­der sit­u­a­tion in GB is not an is­sue which is the most at­trac­tive fac­tor for in­vest­ment. He said that po­ten­tial in­vestor must ex­plore in­vest­ment po­ten­tial of GB.

He said that Gil­git-Baltistan ha huge po­ten­tial in trade with China, tourism, min­er­als, gems, pre­cious stones and hy­dro power. He said that as per the re­port of GIZ and WAPDA, GB has po­ten­tial to gen­er­ate more than 40 thou­sand mega watt hy­dro power elec­tric­ity. He said that a sin­gle pro­ject Bunji Tun­nel can gen­er­ate 7100 MW of elec­tric­ity. He said that in­vest­ment in hy­dro power projects would get rich ben­e­fits.

He said that max­i­mum co­op­er­a­tion would be ex­tended to all the in­vestors who would be mak­ing in­vest­ment in Gil­git-Baltistan. He said that or­ganic farm­ing has a very huge po­ten­tial for the in­vest­ment be­cause of the avail­abil­ity of a very hard­work­ing hu­man re­source and with lit­tle crime rate in all the seven dis­tricts of Gil­git- Baltistan. Gov­er­nor GB in­formed the par­tici- pants that lit­er­acy rate of GB is 56% and by 2018, it will be reached 72%. He said that one of the dis­tricts of GB, Hunza has al­most 100% lit­er­acy rate which is unique in Pak­istan.

Speak­ing on the Oc­ca­sion, the LCCI Se­nior Vice Pres­i­dent Al­mas Hy­der said that Gil­git-Baltistan sec­tors like hy­dro en­ergy, dry food, and pre­cious stones are the ac­tual trea­sure, which, if thor­oughly tapped, will change the fate of this re­gion.

He said that the in­vest­ment in Gil­git-Baltistan would not only be ben­e­fi­cial to that par­tic­u­lar area but it would also help strengthen the econ­omy of the coun­try.

Al­mas Hy­der said that Gil­gitBaltistan has vast re­serves of pre- cious and semi-pre­cious stones but a large part of th­ese min­er­als ex­port in raw shape be­cause of un­avail­abil­ity of lat­est tech­nol­ogy. He said that govern­ment should fo­cus this area as ex­port of value added gems could earn huge rev­enue for the coun­try.

He also urged the Gov­er­nor GB to ar­range ex­hi­bi­tions in all ma­jor cities of the coun­tries in col­lab­o­ra­tion with the lo­cal cham­bers. While stress­ing the need for in­vest­ment in hos­pi­tal­ity in­dus­try of GB, the LCCI Se­nior Vice Pres­i­dent said that avail­abil­ity of up to the mark hos­pi­tal­ity fa­cil­i­ties would at­tract the tourists. He urged the GB govern­ment to give max­i­mum in­cen­tives to the po­ten­tial in­vestors.

He said that di­rect flights from La­hore and Karachi to Gil­git Baltistan would also yield good re­sults while GB govern­ment should also take in­ter­na­tional tour oper­a­tors on board to high­light the tourism po­ten­tial of this beau­ti­ful piece of land. Al­mas Hy­der said that the La­hore Cham­ber of Com­merce & In­dus­try is mak­ing all out ef­forts to high­light the hid­den po­ten­tial of Gil­gitBaltistan and a num­ber of fes­ti­vals have been or­ga­nized in this re­gard. He said that Gil­git-Batis­tan is not only a land of peace but it is hub of op­por­tu­ni­ties in true sense of the word. He said that the coun­try could get rid of short­age of elec­tric­ity once for all if the hy­del po­ten­tial avail­able in the area is tapped.

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