KMC urges UK-based investors, firms to invest in Karachi

Jumbo Editorial Team 

The Karachi Metropolitan Corporation (KMC) has urged the UK-based investors and international firms to invest in the city so that the people could avail job opportunities along with the promotion of local trade and economy.

The KMC Administrator, Mohammad Hussain Syed, made the offer while meeting the ruling Conservative Party Co-Chairperson, Sayeeda Warsi, in her office in London. 

The KMC Administrator, visiting UK along with senior officials of the Sindh government, stated that Pakistan, particularly the city of Karachi, possessed a lot of potential for foreign investment and it offered lucrative profit for international firms and brands. 

He recalled that in the last decade, many of the international brands and multinational companies launched their outlets in Karachi, which have been running successfully.

He said that being a port city, Karachi also held the status of an international city where millions of people from the business community and trade and industrial sector visit it regularly. 

"These activities result in more business and commercial activities in Karachi compared to other cities of the country," he said.

The KMC Administrator informed the UK business community that the infrastructure development was in progress in Karachi and the city’s Circular Railway System would be restored by mid of 2013 besides the launching of the Bus Rapid System with the construction of new road corridors in the city adding that the Corporation would spend a huge amount this year on the progress and development of the city.

The Co-Chairperson of the Conservative Party, Sayeeda Warsi, said on the occasion that Pakistan was a developing country where investment could be made in various sectors including education, health, industry and trade and she would feel pleasure on seeing the UK-based investors launching business ventures in Pakistan which would also help in raising the standard of life of the local people. 

She said that the women in Pakistan must also play their role in commercial and social activities as they were half of the whole Pakistani population, mentioning that there’s no dearth of talent in Pakistan and the talented youth can get success in each and every sector.