Punjab among best business destinations

LAHORE - Punjab is one of the most attractive business destinations in the world because of 100 per cent foreign ownership, the easiest business start-up and for having one of the largest consumer base in the region.
This was stated by speakers while addressing a conference on Investment Opportunities in Punjab, jointly organized by the Lahore Chamber of Commerce and Industry and Punjab Board of Investment and Trade (PBIT) here at LCCI on Wednesday.
The conference was jointly chaired by former LCCI Senior Vice President Abdul Basit and Provincial Secretary Commerce and Investment Fazal Abbas Maiken.
A number of LCCI Executive Members including Ms Nasira Taskeen, Mian Zahid Javaid, Dr Shahid Raza and Shakil Ahmad also spoke on the occasion.
There was a consensus among all the speakers that any investment in the province was bound to earn rich dividends for the investors as all the sectors in the province are open for Foreign Direct Investment and both the locals and the foreigners are treated equally.
They said that the repatriation of the profit was guaranteed by law while the international arbitration was enforceable through local courts. They said that huge business opportunities are available in a number of sectors including Transport, Infrastructure, Mines and Minerals, Housing and Urban Development, Livestock, Agriculture, Textile, Power, Health and Education.
Elaborating their point of view, they said that both the foreign and local investors could put their money in the Livestock and Dairy sector because Pakistan was not only the fourth largest milk producing country in the world but the local breed in the Punjab particularly was resistant to disease and environment stress.
The province also has World renowned Neeli Ravi Breed of Buffaloes and Sahiwal cattle.
The Punjab also has a number of High Return Opportunities in Halal meat processing, frozen food, dried meat, processed products, Milk Production Plants, Modern Storage, Commercial farms, Milk Chillers and Cold Chains.