Monday, May 12, 2008

Many US Investors Soon to Visit Karachi: Kamal

KARACHI (May 13 2008): Investors from the United States would visit Karachi in a few weeks to make investment in public-private-partnership in different sectors, like energy, information technology, Karachi Mass Transit System, desalination plants, etc.This was stated by City Nazim Mustafa Kamal while briefing mediapersons in the Civic Centre on Monday on homecoming from a two-week visit to the United States.


( A Scenic Night View of the Karachi City)

"I told them (his hosts in US) that we do not believe in seeking help or loan at all... We want partnership on public-private basis... n areas where we have a competitive edge and attraction for foreign investors," he said.The Nazim said that Karachi and Houston, both port cities, were declared as sister-cities after signing a memorandum of understanding (MoU), and a delegation from Houston would soon arrive in Karachi for making investment in the metropolis, which is economic and intellectual hub of the country.

Kamal said that, on his invitation, the visit of the businessmen from Houston would be followed by Houston Mayor Bill White's visit. The city nazim said that Karachi and Washington DC would soon sign an MoU on giving the two cities sisters status. He said the proposal came from the Mayor of Washington DC although US administration signs such MoUs with capital cities.

Kamal said his visit to the US was on reciprocal basis during which he motivated the American investors to be engaged in the metropolis as a result of which a delegation of US investors would soon visit Karachi.Terming recent visit of top American officials to his office and the invitation from the State Department as an honour for Karachiites, the nazim said that developments indicated that the international community had recognised the importance of Karachi as a developing and strategically important city.

The city nazim met with top US officials including Assistant Secretary of State Richard Boucher, US Ambassador to the United Nations Zalmay Khalilzad, congressmen, US think-tanks, mayors and deputy mayors of Houston and Washington DC and other prominent personalities, and termed his visit as successful.

Kamal said he had also met the Mayor of Chicago and agreed to promote mutual cooperation in the field of technology transfer and economic development.To a query that whether the country's political environment was favourable for foreign investment the nazim said: "We are living in a challenging world, facing many hardships, but this should not stop the process of development.
-------------------------------------------------------------------
Way to Go Mr. Kamal. We hope that all Nazims of every City of Pakistan shall have a vision like yours.............

3 comments:

Ahsan Rafiq said...

Don't think unilaterally, why don't you consider small boats transit in Lahore Canal ..... And ferry travel in river Ravi !!

Asim Kaleem said...

hahahaha! Mr. Ahsan ya I thin you are very right. I would now start thinking of renaming my blog as Lahore Canal Transit System.

royaltaxi said...

This is a great article with well-scripted, engaging content that is full of original and sensible views. Much of your informative content is in line with my way of thinking.
https://royaltaxi.pk/
Cheap Car Rentals in Islamabad

Free Blog Counter