Minister of State & Chairman of Board of Investment (BoI) Azfar Ahsan on Friday said Gwadar had a huge potential for investment as the port was a jewel in the crown of the China-Pakistan Economic Corridor and a number of countries, international companies and foreign firms have alrready shown interest in partnering this game-changer project.
Referring to President Arif Alvi’s visit to Gwadar he said the president’s visit was quite constructive and aimed at tapping full potential of strategic Gwadar port. The president’s visit, he said, would give new impetus to the development projects at Gwadar. In line with directions of the prime minister BoI is ensuring enabling environment for the domestic and foreign investors, he said.
The Chairman who attended all the meetings in last two days relating to Gwadar’s uplift said currently under the CPEC Authority, projects worth $2.1 billion were nearing completion and it demonstrated ironclad friendship between Pakistan and China. Gwadar projects he said would be completed on fast-track according to the directives and vision of Prime Minister Imran Khan as the future and prosperity of the country linked with this strategic flagship project of the CPEC.
In order to encourage and facilitate foreign investors, he said the process of the issuance of No Objection Certificates to foreign investors had been streamlined and would be issued within four weeks.
The president, he said, reviewed pace of work and directed for timely completion of the projects.