Dar wants to facilitate overseas Pakistani investors

ISLAMABAD: Finance Minister Ishaq Dar on Sunday said overseas Pakistanis were keen to take advantage of investment opportunities in the country and the only need was to facilitate them in all possible ways.

He was chairing a meeting of senior officials of the Capital Administration and Development Division (CADD) and Capital Development Authority (CDA) on new sector development by the CDA including the proposed housing sector for overseas Pakistanis.

Minister for CADD Tariq Fazal Chaudhry was also present and the meeting was briefed about CDA's plans for development of new sectors and commercial areas. The finance minister said that prioritisation of different options for development of new sectors should be made after detailed technical assessments.

He said that with increased economic activity, the urban housing needs were also increasing and the CDA should respond to the new requirements. He said the government would fully support CDA in its efforts for developing the housing sectors, including the one for overseas Pakistanis in accordance with international standards. He said that the proposed sector for overseas Pakistanis would afford them an opportunity of safe and secure investment besides providing them quality residential environs with all amenities.

Ishaq Dar hoped that the CDA would make all-out efforts for accelerating the work on development of new sectors. The CADD minister said that development of new sectors was an important initiative and it was important to implement it at a fast pace. The Islamabad mayor promised that the CDA would complete the preliminary work and make a detailed presentation with work plans for the new sectors.