Lahore, December 27, 2022 (PPI-OT):The President of the Hong Kong Chamber of Commerce and Vice Chairman of the Board of Investment in Hong Kong Chaudhry Gulzar Muhammad called on Chief Minister Punjab Chaudhry Parvez Elahi at his office and discussed matters of mutual interest on Monday. CM Parvez Elahi stated that Punjab has been made the best province in terms of investment in a short period. Barriers to investment have been removed and one window operation facility has been provided for investors.
The process of obtaining NOCs for investment has also been simplified; he said and mentioned that foreign investors are coming to invest in various sectors in Punjab due to the business-friendly initiatives. Hong Kong-based investors should also benefit from investment opportunities as they would be provided with every possible facility in Punjab, he added.
The CM cited that the property transfer fee has been reduced by 100% for the convenience of people. The property transfer fee has been reduced from 2% to 1% across Punjab. He said that Overseas Pakistanis Commission Punjab has been activated to protect the rights of overseas Pakistanis.
Imran Khan gave the right to vote to overseas Pakistanis during his tenure, he said. It is a pity that the PDM-led federal government took away the right to vote from overseas Pakistanis. The incumbent federal government is the killer of the rights of Pakistanis living abroad, the CM stated.
We consider Pakistanis living abroad as ambassadors of the country and would spare no effort to solve their problems; he said and mentioned that the provincial government has increased the annual development program of Punjab by 50 billion rupees in a short time. The volume of the annual development program has reached from 685 billion rupees to 726 billion rupees. The fruits of development would reach the grassroots, he concluded.
Gulzar Muhammad said that CM’s efforts for the convenience of investors are commendable. Parvez Elahi has taken unprecedented steps to invest in a short period. The confidence of the investors has been restored during your time. People still remember the positive work of Ch. Parvez Elahi in every field. Under your leadership, the province would, once again, move towards sustainable development, he added. Ticket holder Gibran Khan and Zaigham Gondal were also present.
For more information, contact:
Directorate General Public Relations,
Government of the Punjab
Lahore, Pakistan
Tel: +92-42-9201390-86
Website: www.punjab.gov.pk