Karachi Pakistan – Abu Dhabi Port Group’s MOU with KPT for Terminal Operation of the Karachi Gateway Terminal is perceived to be a wonderful step in the hunt of FDI for the country said ateeq ur rehman (economic & financial analyst).
These are set to be significant investment in infrastructure development of the specific Berths leased to AD Group inclusive of Deepening of Berths and increase in storage area, thus enabling the terminal to handle Mother Vessels. Container Capacity will increase from 7,50,000 containers to 1 million containers.
We badly need to attract FDI by ensuring the best return of investments and security of investments said ateeq.
In future, Government while negotiating for FDI should take Overseas Investor Chamber of Commerce (OICCI) and Karachi Chamber of Commerce & Industry (KCCI) on Board.
There is a dearth and great need of attracting Foreign Investment In our Industrial and Agricultural Sectors, which is only possible by easing the Energy Tariff and implementing One Window Operation. The Interest Rate is too high and Tax applications are too complicated. Government needs to review and consider the discussed aspects, also he added.
We have to attract FDI in our construction Industry and Tourism, having big potentials and huge returns.
