Balochistan will soon become economically vibrant due to CPEC: Chief Minister

Quetta: Balochistan Chief Minister Mir Abdul Quddus Bizenjo has said that the Balochistan province will soon become economically vibrant due to the China-Pakistan Economic Corridor (CPEC).

Chairing the second annual meeting of on the trade and investment here, the CM predicted that Balochistan would become a field of foreign investment in the region in next few years.

Addressing the meeting, the Chief Minister stressed that the government’s first objective was to restore the confidence of investors and the recent agreement of Reko Diq would prove to be a significant development in this regard.

He mentioned that huge investments by China under the CPEC had encouraged the investors and boosted their confidence.

The Chief Minister emphasized that “we have to open Balochistan for investors for which the world has to be made aware of the investment opportunities and possibilities in Balochistan.”

According to an official statement, the Chief Minister contended that Balochistan would become a field of foreign investment in the region in the next few years if “our policies regarding investment were sound.”

On the occasion, Chief Executive Officer (CEO) Balochistan Board of Investment Saeed Ahmed Sarpara said that awareness of investment opportunities and prospects in the province is the mandate of the organization to provide facilities and business facilities to investors.

He informed that international investors are taking keen interest in various sectors of Balochistan.

The investors, he stated, had proposed and offered Pakistani Rs 14 billion investment projects in various sectors, while the Balochistan government has signed Rs 3.5 billion investment agreements with various companies and so far invested a total Rs 400 million. “MoUs (Memorandums of Understanding) for work projects have been signed in different sectors,” he added.

The meeting approved the decisions of the last meeting of the Annual General Meeting. The Board of Directors approved the financial statements of the Investment Board for the financial years 2020 and 2021.

The meeting also approved the appointment of auditor for the financial year 2022 and agreed with the proposal to appoint a Vice Chairman for the Board of Directors.

Chairman Balochistan Board of Investment and Trade Mir Abdul Quddus Bizenjo attended the meeting. All the members of the board attended the meeting while the Chief Executive Officer of the organization Saeed Ahmed Sarpra briefed the meeting about the points on the agenda and the overall performance of the organization.