Sunday, April 14, 2024

Businessmen in Karachi are being asked to invest in Gwadar and CPEC projects

Senate Chairman Sadiq Sanjarani urged Karachi’s business community on Friday to extend their operations by establishing industrial export plants in Gwadar and other parts of Balochistan.

The Senate chairman, speaking to the business community at the Karachi Chamber of Commerce and Industry (KCCI), said Gwadar is quickly becoming a trading hub as development work in the port city accelerates. He urged Karachi businesspeople to invest in the Gwadar port and the China-Pakistan Economic Corridor. Chinese investors continue to flock to Gwadar to establish industrial operations.

“Gwadar, as the country’s sole city after Islamabad, is being built according to a master plan that aims to provide all basic services. Senator Sanjarani added that the town’s power supply would be connected to the national grid this fiscal year, and that “construction work at Gwadar Port is at an advanced stage, followed by rapid development in the industrial region.”

Senator Sanjarani commented on the difficult situation in Afghanistan, saying that Pakistan is looking forward to peace in Afghanistan, which is essential for the entire region. He stated that all state institutions hope for a peaceful and progressive Afghanistan.

He stated that he would debate Karachi concerns in the Senate because the city is the backbone of the country’s economy and determines the country’s economic progress. He invited businesspeople to submit recommendations so that they may be discussed in Senate sessions and responses sought from the relevant ministries.

Zubair Motiwala, Chairman of the Businessmen Group, said that Karachi’s infrastructure was in a bad state. “KCCI would want to provide a presentation on Karachi because other cities in the country are thriving while Karachi is struggling. Karachi accounts for 52% of the country’s exports and pays more than 60% of the country’s taxes, but the port city continues to experience significant challenges and injustices. More finances are needed for Karachi’s growth and to address the city’s unresolved concerns, he added.

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