LAHORE (January 29 2010): To pave the way for investment in the newly established Gilgit-Baltistan, investment policy is under process and would be finalised in next couple of months. This investment policy would contain a package of incentives for the local and foreign investors and would be finalised in consultation with the stakeholders.

Advisor to Governor Gilgit-Baltistan on Investment Mian Shafqat Ali stated this while addressing a meeting with the stakeholders, here on Thursday. The advisor briefed the participants about the establishment of a state-of-the-art industrial estate in the province, which is a part of the upcoming policy.

A two-pronged policy is being evolved which would not only benefit the foreign, but also the local investors, he said. He informed that the concerned government departments were working to ensure one-window operation for potential investors in the areas of power generation, tourism, mines and minerals and agriculture sector. Special care would be taken for those who would be putting their money in food processing and preservation, he added.

Copyright Business Recorder, 2010