Jumbo Editorial Team
The Administrator of the Karachi Metropolitan Corporation (KMC), Mohammad Hussain Syed, has revealed said that the Government of Japan as well as the Japan International Cooperation Agency (JICA) have shown keen interest in investment in various Karachi Projects including the Circular Railway, Rapid Bus System, Infrastructure Development and Vehicle Manufacturing which would provide jobs opportunities to a large number of people.
He made the disclosure while addressing a seminar held recently in Karachi with the collaboration of Board of Investment (BoI), Government of Pakistan, and JICA.
The other speakers in the seminar included Saleem Mandviwalla, Chairman BoI, Masaharou Sato, Consul General of Japan, and Sohail Ahmed, President, Pakistan-Japan Business Forum (PJBF). A delegation comprising experts from Japan also attended the seminar and presented their study report on investment in Karachi.
The KMC Administrator, on this occasion, pointed out that specific environment was needed for investment in any city or country.
“If a country had its own sea ports, air roots and highways then it attracts investors to make rapid investment and avail the benefits of availability of raw material and good number of manpower for running any industry,” he said.
“Karachi in this connection offers a very conducive environment for investment and it was counted among the countries where all such elements were easily available,” the KMC chief added.
Mohammad Hussain Syed remarked that Pakistan was considered among the 12 countries which were expected to made rapid progress due to the growing possibilities of investment from other countries.
He also cited the examples of Malaysia, Mexico, Thailand and Turkey, believing that Karachi was also among such countries which could make rapid progress in the next ten years.
The KMC Administrator further disclosed that Germany, Malaysia, China, UAE, United States and some other countries have also shown huge interest in investing in various projects for Karachi.
“The Rs 570 million worth Phase-I of Mehran Highway was completed with the cooperation of JICA and the Phase-II being started now. The KMC was working on the improvement of city’s infrastructure and work on the Corridor-V would begin after Eid-ul-Fitr. With the construction of more underpasses and flyover at busiest intersections traffic flow would be improved and the citizens would get even better facilities in the coming days,” he observed.
He said that the study report for restoration of Circular Railway was also completed and it was expected that the Circular Railway Service would resume in Karachi by next September.
He hoped that people would get opportunities for livelihood with the investment in the city and it was a good omen that the JICA was providing full cooperation to KMC for Karachi Projects.
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