Govt allocates 1900 acres for Japanese zone

KARACHI: The Acting Governor and Speaker Sindh Assembly, Nisar Khuhro, has said that the new NFC Award would be constituted in 2009-10, adding that the common man would be given special consideration in the upcoming budget.

Speaking to the media at the inauguration of ‘My Karachi Oasis of Harmony” being held at the Karachi Expo Centre from 5th to 7th June, Khuhro said that though Pakistan has internal and external threats, “we have to move forward as we are a resilient nation and we will fight back all threats.”

Adviser to the CM on Investments, Zubair Motiwala informed that a special zone has been allocated to Japanese entrepreneurs and investors and 1,900 acres of land has already been given to Japan.

He informed that Yamaha and Sony along with others have committed to come to Pakistan and invest in industries here. He said that the entire zone would be dedicated to Japanese entrepreneurs only and their residences would also be set up within the zone.



To read the complete story, please visit: http://finance.kalpoint.com