Balochistan to have Board of Investment soon – Dr Malik

Balochistan to have Board of Investment soon – Dr Malik | PakistanTribeKARACHI: Chief Minister Balochistan, Dr Abdul Malik has announced to establish Board of Investment in the province very soon as the provincial government is preparing its structure and terms of reference for the purpose.

Speaking as chief guest at a reception hosted by Lasbela Chamber of Commerce and Industry (LCCI) in his honour on Sunday, he invited LCCI to give its proposals for the establishment of BBOI being formed in bringing investment to the province and improvement of the industrial infrastructure.

While emphasizing on the industrialists to provide employment to the youth of the province, CM proposed that the Lasbela University of Marine Sciences and Water Management at Uthal should be given moral and financial support by the industries enabling the university to produce good products suitable for the employment in the industries and for upcoming viable projects. He also agreed to set up technical training center at Hub as the city campus of university to facilitate the students at Hub. He desired from the industries to arrange the payment of sales tax, income tax etc. at Hub by Large Tax Units instead of Karachi to enhance the revenue collection share of Balochistan. He again assured to give full production to the industrial and commercial investors provided they work for the well-being of people of Balochistan. The Chief Minister also directed LIEDA and other institutions to coordinate with Lasbela Chamber to create the concept papers for setting up of Seafood City, Iron City, Dates City etc. as the government of Balochistan in coordination with Lasbela Chamber will provide full support for completion of these projects. He assured that the Industries in the Lasbela District would be provided with complete protection to safeguard their investment and peaceful and extortion free environment would be ensured for smooth industrial and commercial operations at Hub and other parts of Lasbela District as it is in the interest of the people of Balochistan.

Earlier, President LCCI, Ismail Suttar invited CM’s attention towards the building of the Hub Bypass whose PC-1 has been approved and allocation of fund is required. The Chamber’s Chief also proposed to make the RCD highway passing through Hub city, encroachment-free to ensure the smooth flow of Gawader Port traffic, Ship breaking traffic, industrial traffic and public transport. Mr. Ismail Suttar also proposed that the water from K-3 Project may be provided PHE system for the domestic use at Hub, which has already been laid as the part of K-3 project and nothing has to be spent by the Government of Balochistan. This is to avoid the spread of diseases like Hepatitis etc., because the raw water from the Hub Dam is contaminated, as it is not purified and sufficient to last long. He also requested that the Government may see that the youth of Balochistan may get its due share from the Prime Minister Youth Business Loans Scheme 2013. He offered that the LCCI will help the youth to set up small businesses, so that they may become successful entrepreneurs. He also proposed that in order to improve the standard of life at Lasbela and Balochistan the Seafood City, Iron City and Dates City should be setup to create employment opportunities through industrialization in these sectors.

Maqsood Ismail, Former President Lasbela Chamber of Commerce and Industry, proposed that the Wind Mill Power Generation Project may be setup at wind corridor at Gadani. He also stressed upon the building of Hub Bypass and removal of encroachments from RCD Highway at Hub. Maqsood Ismail also proposed that the gas pressure for captive power plants at Hub should be maintained at prescribed level with good quality, as it is the constitutional right of Balochistan to use its own gas on priority basis.

Dr. Abdul Malik Baloch, agreed with the proposals put forwarded by the office bearers of Lasbela Chamber regarding the building of Hub Bypass and other matters pertaining to the improvement of the working conditions for the industrial operation and further investment. He informed that the
Jam Sahab of Lasbela and Minister of State for Petroleum and Natural Resources, Jam Kamal Khan; the members of Provincial Assembly from Lasbela Mr. Sardar Saleh Muhammad Bhootani and Prince Ahmed Ali Baloch were also present on the occasion. Mr. Jam Kamal Khan in his address assured that he will try to coordinate with the Sui Southern Gas Company Limited (SSGCL) to maintain the gas pressure at Hub. He appreciated the proposal of wind power at Gadani and agreed to consider the same.

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