ISLAMABAD: Balochistan province is about to get lion’s share of investment in next three years because some international investors have shown intention to invest in that province.
Investment in steel sector will prove to be a catalyst for industrialization in the country. The iron-mining and allied sectors will also flourish which will provide jobs to thousands of youth in the country.
According to reliable diplomatic sources, the investors plan to invest in the mining of iron ore in Balochistan and in the production of semi-finished steel products thus achieving forward integration in the next three years and backward integration in four years as it involves investment in parts of Baluchistan where law and situation is not exemplary.
The source further said that investors of international repute from the brotherly country Saudi Arabia and friendly counter Korea were willing to invest some $ 890 million as initial investment in the steel sector which will make Pakistan self-sufficient in the production of high grade steel. On the other side, source privy to the Minister of Commerce was of the view that Ministry of Commerce (MoC) was in close contact and coordination with the investor parties and ensured complete support of the Ministry.
The source said that economic managers were working in close coordination to increase investment and boost trade in the country and the government was introducing reforms to bring standardization and value addition in the products.
