Centaurus a landmark of commercial activities in capital: ICCI

Islamabad

The Islamabad Chamber of Commerce and Industry (ICCI) has shown great concerns over the malicious campaign recently launched by some elements against The Centaurus to defame it and termed it a highly unfortunate development as it would discourage the new investment and damage the larger economic interests of the country.

Khalid Iqbal Malik, president, ICCI said that the Centaurus is a landmark project that has introduced a new lifestyle and new trend of commercial activities in the federal capital at par with international standards but it was highly disappointing that some elements were making efforts to damage its reputation as the icon of Pakistan. He said that The Centaurus brought billions of rupees as foreign investment in the country, provided jobs to thousands of people and is making significant contribution to the economic development as well as revenue generation of the country. He urged that government should take action against those mafias that were trying to tarnish its image and positive contribution to the country.

He emphasised that government should develop a new mechanism to ensure full protection of the interests of law abiding investors including The Centaurus who have made investment in Pakistan fulfilling all legal requirements. He said Pakistan needed new investment to complete CPEC and other major development projects. He said protection of such investors was vital to encourage new investment and attract more foreign investment in the country. He vowed that ICCI would raise its voice to protect interests of The Centaurus project at all relevant forums and cautioned that any attempt to defame or damage it would bring harmful consequences for the country.