Foreign investment to ensure uplift in Punjab

Lahore: Punjab Minister for Trade and Investment M Shafique has said that foreign investment up to 25 billion dollar is expected in the Punjab within the next few years, due to the facilities for foreign investors announced by the government.

Talking to a delegation of traders here on Wednesday, he said that foreign investment will ensure economic uplift in the province, while efforts will be made to make Lahore, the hub of trade activity.

He said the government is focussing on improvement of infrastructure facilities to attract foreign investors, while the provincial government has announced special incentives for Chinese investors due to the special Pak-China relations, he added.

Initiatives by the government in this regard have resulted in 20 percent increase in the trade volume of both countries, he said, adding that efforts are under way to balance trade between Pakistan and China. Traders of both countries should also help prepare comprehensive plans in this regard.