PBIT in meeting with WB’s Multilateral Investment Guarantee Agency

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Salim Ahmed

Lahore

Representatives from World Bank’s Multilateral Investment Guarantee Agency (MIGA) on Monday visited Punjab Board of Investment and Trade to explore new avenues and discuss business opportunities in Punjab.
The Chief Executive Officer PBIT, Jahanzeb Burana briefed the delegation regarding the functioning of PBIT, the facilitation it provides to entire business community in all concerned areas that are hampering growth. He apprised the delegation about ongoing developmental projects in a range of sectors including Health, Pharma, automobiles, agriculture, construction, energy, and infrastructure, to enhance trade and investments in the region.
To discuss the mutually beneficial areas of collaboration, Jahanzeb Burana highlighted Punjab’s potential to attract investors particularly focusing on Special Economic Zones as well as advice on the feasibility of the specific projects.
The performance of the automobile industry in Pakistan was discussed as well as the future prospects of investment in automobile sector, was also discussed.
While talking about CPEC, he emphasized that Investment momentum has improved multi folds in Punjab largely because of the China-Pakistan Economic Corridor and the Countries like Malaysia, Germany, Turkey and South Korea are looking at Punjab as their next investment destination.
The four member delegation from MIGA included Kate Wallace, Senior Environmental and Social Development Specialist, Nkemjika Onwuamaegbu, Senior Underwriter, Persephone Economou, Research Officer, Jonathan Ettinger, Operation Analyst. These members represented Operations, Agribusiness & General Services and Economics and Sustainability Departments at MIGA.

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