F.P. Report
KARACHI: Founder President of the Quetta Women Chamber of Commerce & Industry and Former Vice President FPCCI, Fehmida Jamali has extended felicitations to Abdul Quddus Bizenjo on his election as new Chief Minister of Balochistan who was voted as 16th Chief Executive of country’s area-wise largest province.
She hoped the new chief Ministers will start close core donations with the Provincial Chambers of Commerce for the economic proposectus of the province in its short and challenging tenure. Fehmida Jamali said the investment scenario in Balochistan is now bright because of foreign investors’ interest in economic development of abundant resources in mineral, fisheries, agriculture & livestock sectors, and the province could develop into a major trading and business hub, as the potential of Balochistan is now widely understood in the wake of CPEC.
“Active and aggressive private sector development is one opportunity of enormous importance to Balochistan in particular for accomplishment of economic development in the province”
She highlighted that the Balochistan government must find new and dependable sources of income to reduce its dependence on the federal government for its financial needs, the financial problems in Balochistan should be an eye opener for the political leadership & economic planners of the province, and it is high time that they should draw a comprehensive economic and Governance strategy that would facilitate tackling of the economic challenges requiring the urgent attention of the leadership, and also consider seriously preparing a strong economic foundation to get rid of total dependence on the federal divisible pool.
Similarly the Balochistan government should widen its revenue base by encouraging direct foreign investments in the province and seeking the International Economic Aid Agencies and Multilateral Institution’s support in the socio-economic development of the province with the cooperation of the federal government, therefore, current political leadership in Balochistan should strongly support foreign direct investment, and importantly, also ensure that the message is reflected in bureaucratic policies and procedures; she suggested.
WCCI Founder President further revealed that the province has countless prospects of economic growth under the sphere of CPEC, while the strategic importance of Gwadar Port is to open new vistas for economic development of the province of Balochistan, as it would help province of Balochistan become a strategic business hub of the region, and it gives new impetus to Pakistan-China relations.
In this regard the government has to create a more conducive environment in the Gwadar City for development, so that investors can look beyond real-estate business, and the Chinese investments have given confidence to the local tribes and now local and International investors are considering their direct participation in the economic development of the province. As we must understand the prosperity of Pakistan is linked with the economic development and prosperity of Balochistan; she added.
