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Old Tuesday, April 25, 2006
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Post ‘Gwadar to emerge as new Dubai’

ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) Senior Vice President on Tuesday announced that the ICCI will be inviting foreign trade and investment companies for setting up businesses at the Gawader Port and will provide technical assistance to all companies interested to invest in the port.

Mr Khan was addressing an inter-district conference on “the role of Government in the enhancement of investment and trade”. He said Pakistan had made considerable economic progress due to the good policies framed by President General Pervez Musharraf and by Finance Minister Shaukar Aziz.

“It is a tremendous achievement that the government has not increased the national debt from the last three and a half years and that the countries foreign exchange reserves were surpassing $10 billion,” he said. He was full of praise for the government’s decision to develop the Gawader Port as a free port, and said the farsighted decision would tremendously contribute to the prosperity of the country.

“The Chinese aid of $200 million, Oman’s financial package of $100 million for Balochistan’s development, the establishment of special economic zone, the opening of offices and branches of all national and multinational banks, the construction of major hotels, the expansion and development of Gawader Airport and the establishment of various ware and storage houses will tranform Gawader into the most modern port of the region. Gawader will emerge as a new Dubai in the future,” said Mr Khan.

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