KARACHI - Balochistan Chief Minister Dr Abdul Malik has announced to establish Board of Investment in the province very soon as the provincial govt is preparing its structure and terms of reference for the purpose.
Speaking as chief guest at a reception hosted by Lasbela Chamber of Commerce and Industry (LCCI), he invited LCCI to give its proposals for the establishment of BBoI being formed in bringing investment to the province and improvement of the industrial infrastructure.
While emphasising on the industrialists to provide employment to the youth of the province, CM proposed that the Lasbela University of Marine Sciences and Water Management at Uthal should be given moral and financial support by the industries enabling the university to produce good products suitable for the employment in the industries and for upcoming viable projects. He also agreed to set up technical training center at Hub as the city campus of university to facilitate the students at Hub. He desired from the industries to arrange the payment of sales tax, income tax etc. at Hub by Large Tax Units instead of Karachi to enhance the revenue collection share of Balochistan.
CM assured to give full production to the industrial and commercial investors provided they work for the well-being of people of Balochistan.
The Chief Minister also directed LIEDA and other institutions to coordinate with Lasbela Chamber to create the concept papers for setting up of Seafood City, Iron City, Dates City etc. as the government of Balochistan in coordination with Lasbela Chamber will provide full support for completion of these projects.
Earlier, President LCCI, Ismail Suttar invited CM’s attention towards the building of the Hub Bypass whose PC-1 has been approved and allocation of fund is required.
The Chamber’s Chief also proposed to make the RCD highway passing through Hub city, encroachment-free to ensure the smooth flow of Gwadar Port traffic, Ship breaking traffic, industrial traffic and public transport.
He also requested that the Government may see that the youth of Balochistan may get its due share from the Prime Minister Youth Business Loans Scheme 2013. He offered that the LCCI will help the youth to set up small businesses, so that they may become successful entrepreneurs.