Federation of Pakistan Chambers of Commerce and Industry (FPCCI), in collaboration with the Balochistan Board of Investment and Trade (BBoIT), hosted a significant Business and Investment Conference in a bid to promote large-scale investment in the province.
The conference, attended by Chief Minister of Balochistan, Sardar Surrfraz Bugti, along with parliamentarians, senior officials, and prominent business figures from Balochistan, was aimed at strengthening the economic landscape of the province. FPCCI President Atif Ikram Sheikh announced the signing of a Memorandum of Understanding (MoU) between FPCCI and BBoIT to encourage investment and industrial growth in Balochistan. He highlighted that FPCCI would play a key role in motivating its members to invest in the region and establish industries. The provincial government, in collaboration with the private sector, has also decided to push for business-friendly policies, industrial setups, and the promotion of investment in Balochistan.
This is expected to lead to greater opportunities for economic development in the province. Sardar Surrfraz Bugti, Chief Minister of Balochistan, emphasized the province’s vast potential and the need for investment to unlock its economic growth. He noted that the Rs 210 billion allocated to the province’s development were insufficient to meet its needs. He called on the business community to play an active role in Balochistan’s progress, stressing that the national cause of the region must be prioritized over profits. He also promised that the provincial government would ensure the safety and security of investors, much like the model of Chinese investors in the region. Nasir Khan, Vice President of FPCCI, discussed Balochistan’s immense resources, including its vast mineral reserves, the 770-kilometer coastline, and untapped agricultural potential.
He advocated for the establishment of a Bank of Balochistan to support industrial ventures and urged the creation of an Export Processing Zone on 5,000 acres of land. Emphasizing the region’s importance, Khan also pointed out Balochistan’s considerable potential in natural gas, solar, and wind energy resources as critical factors for investment.
He suggested that with the right strategies, Balochistan could become a hub for both local and international investment. The conference concluded with a collective commitment to strengthening the region’s economy, leveraging its resources, and ensuring a secure and profitable environment for investors.
