Karachi again becomes economic hub of Pakistan: Governor Zubair

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LONDON: While extending invitation to invest in various new and ongoing projects in Karachi, the Governor of Sindh Muhammad Zubair has said that the City of Lights is absolutely safe and has again become the economic and commercial hub of Pakistan as the government has successfully addressed the challenge of security and law & order in the mega city.
For this achievement, credit goes to all the political parties and armed and civil law enforcement agencies. He was addressing a reception given in his honour by Syed Ibne Abbas, the High Commissioner at the Pakistan High Commission on Thursday.
Giving an expert overview of the Pakistan economy, the Governor said the current government from the very outset identified that in order for the economy to take off, challenges of security and energy would have to be addressed comprehensively.
Therefore, both the challenges were grappled with, successfully, with the complete consensus of all the stakeholders. He particularly mentioned the positive impact of China Pakistan Economic Corridor (CPEC) on the economy and especially on overcoming the shortage of energy. Improved law and order in Pakistan, particularly in Karachi, is significantly encouraging the local and international investors to benefit from the potential of huge Pakistani market, added the Governor. He invited the expatriate community to invest in Pakistan for better returns.
Welcoming the Governor, the High Commissioner commended him for his contribution towards the economic turnaround of the country, as he remained an important member of the economic team of the government. He also underlined the trade and economic opportunities for Pakistan in the post Brexit UK—a country Pakistan enjoys excellent and multifaceted bilateral relations with. The High Commissioner also appreciated the positive role of the diaspora in the progress and development of Pakistan. Speaking briefly on Mission’s activities, the High Commissioner said: “We celebrated the 70th Independence Anniversary of Pakistan throughout the year 2017 by showcasing our cultural heritage and economic potential to the world.
The year 2018 would be the year of Youth Engagement, as our youth is our future.” Governor Sindh visited the UK from 16 to 22 December 2017 along with a business delegation to seek collaboration across various sectors of economy between Pakistan and UK. He held several useful meetings with British Ministers and other senior officials in London.