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Foreign investors laud governance in Punjab

Foreign Investors from the UK, Germany and United Arab Emirates have appreciated the good governance in Punjab and showed their willingness to invest in the energy, security and information technology sectors, despite the challenges they face in this regard.

This was stated by Advisor Foreign Relations to PML-N chief Mohammad Nawaz Sharif and former ambassador Javed Malik who led two separate delegations of the UAE-based companies who called on Punjab chief minister Shahbaz Sharif and gave detailed proposals about their plans for investment in Punjab in sectors of energy, IT, security and infrastructure.

Javed Malik has been working actively to promote Pakistan at an international level and had organized various initiatives, including the first Pakistan-UAE investment Conference in Dubai which was presided over by the chief minister. Subsequently, two roundtables – titled “A Positive Pakistan” and Punjab: The land of Opportunities – were also organized by the advisor in Dubai and London, respectively.

The companies representatives which met the chief minister included PanAfrica Solar and Rubenious Energy whose chairmen were invited by Javed Malik to attend the meetings personally along with their teams. The company has shown a keen interest to develop solar projects in the south of Punjab and have completed the initial requirements to start making progress towards a pilot project.

Later, the companies also met with the Energy secretary and discussed the implementation of their proposals.

Rubenius Energy presented a unique model of self-power generation, street lighting, security and CCTV facilities which would add value to community services and resolve the energy requirements for urban as well as remote areas of Pakistan. The senior officials spent a busy day after their initial meeting and undertook various surveys to prepare to start their pilot project.

Javed Malik later accompanied the potential investors for further meetings with officials of the government of Punjab, including the Energy secretary, senior officials of the Punjab Energy department. They also met with Lahore commissioner Jawad Malik and DCO Noor Mengal.

Speaking about the initiative Advisor Foreign relations, Javed Malik said that the good governance, leadership of the Punjab chief minister and vision of the former Prime Minister Nawaz Sharif were the main reasons attracting foreign investors to Punjab. He expressed the hope that many more companies would be attracted to come to Pakistan, if the PMLN formed the federal government after the elections.

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