Skip to main content

Saudi Pak Business Council Lauded CBD Punjab, RUDA and other Potential Projects of Punjab

              



Pakistan and Saudi Arabia have renewed their commitment to bolster economic ties in diverse fields including construction, agriculture, livestock and the social sector. This commitment to strengthen economic relations was reiterated in an exclusive meeting organized by the Punjab Board of Investment and Trade in honour of a high-profile Saudi Business Delegation visiting the Province of Punjab.

The Saudi Business Delegation was led by H.E. Mr. Fahad Al Bash followed by the members of the Saudi Business Chamber, while Dr. Javed Ahmed Qazi, Secretary Industries Punjab, Mr. Imran Amin, CEO of Lahore Central Business District Development Authority (LCBDDA) & Ravi Urban Development Authority (RUDA), Mr. Ahmer Malik, CEO Punjab Board of Investment and Trade (PBIT), Mr. Amjad Ali Awan, CEO Punjab Public Private Partnership Authority (PPPPA) and other renowned industry leaders of Punjab were also present on the occasion.

The Province of Punjab has always been a center of attraction for international investors, because of its geographical significance, fertile land, skilled workforce, and state-of-the-art infrastructure, which includes vast web of paved highways and bridges. The present government has always motivated and provided ease of business opportunities to domestic & international investors to participate in bulging the economic arch of Pakistan.

While addressing the session Dr. Ahmed Javed Qazi, Secretary Industries Punjab stated, “The Government is dwelling to facilitate and create an atmosphere of ease for the business community. The social-economic indicators indicate that the canvas of the economic growth of Punjab is massive, and we would like to promote public-private partnerships, B2B and G2G linkages with the Kingdom of Saudi Arabia. All the current economic traits of healthy and easy business are feasible for any international investors”.

CEO, LCBDDA & RUDA, Imran Amin briefed the delegation on the most anticipated first-ever business district of Pakistan, Central Business District Punjab (CBD Punjab) and the most unique project of modern urbanization, Ravi City. He highlighted the potential business opportunities for international and domestic investors and stated, “The infrastructural development is a gateway to success, and we are fortunate enough that the current government has a core focus on infrastructure development of the Province of Punjab.  The Kingdom of Saudi Arabia has always been a close ally of Pakistan in terms of business collaborations and the Saudi business community has always welcomed investment opportunities in Punjab. Our authorities are striving to establish a well-equipped business district and a state-of-the-art new & modern city, meeting all international standards to accelerate the pace of economic development of Punjab. These projects have emerged as a game-changer for the development of the province, and I will request the international and especially the Saudi business community to come forward and unlock avenues for new horizons of Pak-Saudi bilateral business relations’’.

H.E. Mr. Fahad Al Bash, Chairman Saudi-Pak Business Council mentioned in his address that “Saudi and Pakistani business communities are not two separate entities, these are two brothers and this meet-up is a family reunion. Punjab is a land of opportunities with immense potential for growth. I am pleased to know that the people of Punjab are extraordinarily talented and skilled. There are two million Pakistanis working in various fields in Saudi Arabia and playing a pivotal role in Saudi economic development. It is clearly visible in the presentations that the province of Punjab is a room full of possibilities especially projects like the Central Business District and Ravi River Front can be materialized for government to people, government to government and people to people business collaborations for mutual growth of both countries”.

Saudi delegation has shown their keen interest in CBD Punjab & Ravi City, which has already embarked its name in the real estate sector and is developing as a reliable name in the International & domestic business community. Investment in the in areas like commercial, residential, health, tourism and sports are the main catch for economic growth and development of Punjab.

A presentation concerning the overall investment opportunities in Punjab regarding special economic zones, public-private partnership projects, Central Business District Punjab, Ravi Urban Development, Agriculture, IT and energy sectors were displayed to the valued delegation.

Comments

Post a Comment

Popular posts from this blog

47% of Asia Pac businesses have no emissions plan in place despite the climate emergency, reveals new report from ACCA, IFAC and PwC

           As world leaders gather for COP 28, ACCA (the Association of Chartered Accountants), IFAC (the International Federation of Accountants) and professional services firm PwC released a new report:   The  role of the CFO and finance function in the climate transition: driving value and sustainability,  based on a survey of 1,000 senior finance professionals around the world.   The research reveals 47% of respondents in the Asia Pacific region have yet to produce a plan for reducing their carbon emissions. Alarmingly, 69% of those respondents without an emissions plan say they currently have no intention of developing one. This compares with global figures of 46% of respondents who have yet to prepare an emissions plan and 70% of those say they currently have no intention of developing one.   The report also says that that involving CFOs and finance teams in the emissions reduction planning is likely to accelerate progress.  They should embrace this because, although they may not
Post a Comment
Read more

Peshawar Zalmi Releases "Zalmi Raalal" Official Anthem Powered by TCL

             TCL, Pakistan's No.1 LED TV Brand, in collaboration with Peshawar Zalmi, has released their most awaited anthem for PSL 8, " Zalmi Raalal ". Directed by the maestro Hassan Dawar himself, "Zalmi Raalal" is a star-studded, power-packed amalgamation of music, fashion, and sports, the three foremost passion points of Peshawar Zalmi. Produced by Naughty Boy, who has worked in the global music industry with the likes of Beyoncé, Wiz Khalifa, and Sam Smith, the music video features cricket's biggest superstars Darren Sammy and Babar Azam, as well as Pakistan's biggest celebrities Mahira Khan and Hamza Ali Abbasi. Peshawar Zalmi's official anthem for 2023, "Zalmi Raalal", is an ode to passion, a story entailing the beauty and power of the KP region and its people. The anthem has crossed one million views on all online platforms since its release, and the number is increasing fast.   The star-studded and narrative-centric anthem feature
Post a Comment
Read more

Economic confidence among finance professionals edges higher globally despite big fall in North America

                                            The latest ACCA (the Association of Chartered Certified Accountants) and IMA ®  (Institute of Management Accountants)  Global Economic Conditions Survey (GECS) suggests that confidence among accountants and finance professionals edged slightly higher in Q2 2024 and is just above its historical average.  For chief financial officers (CFOs), all the key global indicators rose, with sharp gains evident in the New Orders and Capital Expenditure indices.   There were some notable regional differences . Western Europe-based accountants reported another decent increase in confidence as the euro area and UK economies continue to stage recoveries. Even Asia Pacific saw a small rise off the back of a huge gain previously, and the New Orders Index increased strongly. The region is benefitting from improvements in the global economy, including in the manufacturing sector and the upward moving technology cycle. However, North America’s financial professio
Post a Comment
Read more