| Islamabad: A private firm has made an investment proposal for the completion of Islamabad master plan as per the original development plan of 1960, according to news published on May 18. Reportedly, the proposal has the potential to generate returns worth USD 2 billion without any government spending.
Read: Govt to alter Islamabad’s Master plan to include landfill site
This offer was discussed in the meeting of the National Assembly Standing Committee on Board of Investment (BoI), which was chaired by Zulfiqar Ali Bhatti. He went on to say that all the stakeholders, including the Ministry of Housing and Works, Capital Development Authority (CDA), Federal Government Employees Housing Authority (FGEHA), and the local administration, should be taken on board before any further discussion takes place.
Read: Islamabad Master Plan-2040: Zone 4 to feature vertical developments
Moreover, the BoI informed the meeting that ‘One-stop Shop’ initiative was introduced to facilitate investors and stakeholders during investment process of Special Economic Zones (SEZs). The attendees were informed about the establishment of a Business-to-Business portal for the China-Pakistan Economic Corridor (CPEC). This portal will help the investors and will be linked to the Chinese Board of Investment. |
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