A Comprehensive Investment Policy is Essential for Punjab: LCBDDA

Executive Director Commercial for Lahore Central Business District Development Authority (LCBDDA), Mr. Mohammed Omer and other worthy officials of higher management of LCBDDA, attended a discussion session on Investment Policy Pakistan 2022. LCBDDA also known as Central Business District (CBD Punjab) has always taken the lead by participating in activities to attract more and more investments to Punjab. The consultation session was organized by the Punjab Board of Investment and Trade (PBIT) in collaboration with the Lahore Chamber of Commerce and Industry (LCCI).

The session was conducted by Secretary Industries Commerce Investment and Skill Development Department (ICI&SDD), Dr. Ahmed Javed Qazi and was attended by industry thought leaders, members of the business community, stakeholders and dignified government officials.

While addressing the session Secretary ICI&SDD. Dr. Ahmed Javed Qazi said that “To utilize the investment opportunities in Punjab a better investment policy is essential. The government aims to gain the trust of the investors and wants to gather all the stakeholders from the public and private sector on the same page”.

Executive Director Commercial LCBDDA, Mohammed Omer while expressing his thoughts about the session said that “The province of Punjab has always been a center of interest for domestic and international investors because of its geographical significance, skilled workforce and fertile land. Such gathering of the industry thought leaders is a healthy practice for generating new ideas and clearing many ambiguities regarding investment policy. To facilitate the domestic and international investors we have suggested a separate mechanism for the repatriation of funds”. He further added that we have to work on factors of business ease to boost economic activities in the region. To attract foreign investors first, we have to focus on our local investors. The province of Punjab has great investment potential by developing a comprehensive investment policy, this potential can be materialized to secure maximum investments.

The participants of the session also gave their valuable suggestions for the development of an inclusive investment policy, which will help to highlight the investment potential opportunities in Punjab. The session was concluded on the note that new special economic zones should be created to attract more investments. The federal and Punjab government should take initiatives on bilateral terms to boost economic activities in the region. A brief uniform investment policy will not only help in revenue generation for Punjab but will be beneficial for grabbing share in global markets.

Comments

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

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

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

News Herald

Search This Blog