Gilgit Baltistan can resolve the Energy Crisis with its Power Generation Capacity of 50,000 Mega Watt
Islamabad: Today Chairman Board of Investment, Saleem H. Mandviwalla had a meeting with Chief Minister Gilgit Baltistan Syed Mehdi Shah.
Chairman Board of Investment proposed the Chief Minister GB to create a regional office of BOI in GB to promote the investment opportunities and facilitation of the investors. He added that the region has all the opportunities to become an investment heaven for the investors and the present government is evolving new policies to facilitate both the local and foreign investments.
Chief Minister GB said that Thermal electricity is not a serious solution to ongoing energy crisis and to ensure cheaper energy, and our government is working on all hydle power generation projects including Kala Bagh Dam and Monji Dam to give a long term and permanent solution to the energy crisis. He said that GB has the potential to solve the energy crisis of Pakistan with its capacity of 50,000MW but the need is to bring serious investors to the region.
‘Apart from Tourism, Mining, Food preservation, the area has a very huge potential for Cement and Herbal sectors therefore the business community should come forward to explore these opportunities offering huge revenues and the present government has given a development package to the area with a view to facilitate the investors and all measures are being taken to turn the area an investment hub and an era of development has been started in Gilgit-Baltistan with serious work on the expansion of Karakorum Highway.’ he said.
For more information, contact:
Amir Sultan Akhun Khel
Director (P and PR)
Board of Investment
Tel: (92-51) 922 4103
Fax: (92-51) 920 7030