World Bank team briefed on investment policies

LAHORE :Representatives from World Bank’s Multilateral Investment Guarantee Agency (MIGA) have stressed greater information sharing on specific investment opportunities and investment policies implemented in Punjab.
A four-member delegation of MIGA comprising Kate Wallace, Senior Environmental and Social Development Specialist, Nkemjika Onwuamaegbu, Senior Underwriter, Persephone Economou, Research Officer, Jonathan Ettinger, Operation Analyst visited the Punjab Board of Investment and Trade (PBIT) to explore new avenues and discuss business opportunities in Punjab.
These members represent operations, agribusiness & general services and economics and sustainability departments at MIGA. The Chief Executive Officer, PBIT, Jahanzeb Burana briefed the delegation on the functioning of PBIT. He briefed the delegation about of 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 the Punjab’s potential to attract investors particularly focusing on special economic zones as well as advice on the feasibility of the specific projects. Existence and performance of automobile industry in Pakistan was discussed.
Talking about CPEC, he emphasised that investment momentum has improved in Punjab largely because of China-Pakistan Economic Corridor and the countries like Malaysia, Germany, Turkey and South Korea are looking at Punjab as their next investment destination.
The PBIT CEO expressed his gratitude for MIGA’s continued keen interest in exploring investment opportunities in Punjab and said he hoped for sustained future partnership in making Punjab a lucrative investment market.