ICCI shows concerns over campaign launched against Centaurus

ISLAMABAD: Islamabad Chamber of Commerce and Industry has expressed its concerns over what it called the malicious campaign recently launched by some elements against the Centaurus to defame it.

The business community termed it a highly unfortunate development as it would discourage the new investment and damage the larger economic interests of the country.

In a statement on Wednesday President ICCI Khalid Iqbal Malik, said that the Centaurus is a landmark project that has introduced a new lifestyle and new trend of commercial activities in the federal capital at par with international standards.

But it was highly disappointing that some elements were making efforts to damage its reputation as the icon of Pakistan which, brought billions of rupees as foreign investment.

It had provided jobs to thousands of people and is making significant contribution to the economic development as well as revenue generation of the country, he added.

He urged that government for taking action against those mafias that were trying to tarnish its image and positive contribution to the country.

He emphasized for developing a new mechanism to ensure full protection of the interests of law abiding investors including the Centaurus who have made investment in Pakistan fulfilling all legal requirements.

He said Pakistan needed new investment to complete China Pakistan Economic Corridor and other major development projects.

He said protection of such investors was vital to encourage new investment and attract more foreign investment in the country.

He vowed that ICCI would raise its voice to protect interests of the project at all relevant forums.