Government urged to ensure transparency in mega projects: PBIF chief

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that government should ensure transparency in mega projects and ensure fair and equitable treatment to local and foreign investors. Unbiased and even-handed treatment will help government win the trust of local and foreign business community, he said.
Mian Zahid Hussain said that the trust of the local and foreign private sector is necessary to make these projects successful in the long run which will result in expanded production, more jobs and additional revenue. He said that recently government decided to make payments to five power projects under CPEC on preferential basis to keep them insulated from the infamous circular debt.
On the other hand the local investors who have established power plants were never paid in time and majority of them are still awaiting payments to the tune of tens of billions. Such decisions can be termed preferential treatment which is not good for the country and the business community which is still willing to invest heavily in these projects, the former minister warned.
He noted that secrecy will never help promote confidence of investors in the economic corridor and other related projects which are set to change the fate of Pakistan by providing uncountable opportunities.