Pakistani company set to make ‘historic’ investment in Bangladesh
KARACHI: A Pakistani enterprise is going to make massive investment in Bangladesh, it was revealed by Bangladesh Deputy High Commissioner Noor-e-Helal Saifur Rahman during an event in Karachi.
Addressing seminar ‘Talking Bangladesh Where Export and Investment Grow Better’, Noor-e-Helal Saifur Rahman said companies were attracted to make investment in Bangladesh because of its lenient policies, better infrastructure, cheaper utility prices and tax incentives, Express Tribune newspaper reported.
However, he refrained from revealing the name of the Pakistani company that is going to make historic investment in Bangladesh. He said Soorty Enterprises, with an investment of 35 million dollar, set up a corporation in Bangladesh five years ago, which now employees more than 6,000 local people.
Noor-e-Helal Saifur Rahman said his country was targeting to establish 100 economic zones in 15 years which would boost trade activity worth 40 billion dollar and create more than ten million jobs.
The trend of shifting of businesses to Bangladesh could not be stopped despite the incumbent government’s attempts to introducing new policies for ease of doing business in the country. Tall claims have been made but the ground situation speaks the otherwise.
On Jan 20, Prime Minister Imran Khan had pledged to provide a conducive environment to the business community by removing all hurdles in the way of business and profitable activities.
Addressing business community in Islamabad, he had said the government was working to promote industries in the country as the dream of a developed Pakistan cannot be materialized without this.
Welcoming the MoU between the government and the business community, Imran Khan had urged them to pay due taxes for development of the country.
He had said Pakistanis were one of the least tax paying nations. The country would not progress unless the people, including the business community, realize the fact.