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Government expecting $5.627 billion inflow through 13 projects

ISLAMABAD (April 12 2009): The government is expecting $5.627 billion inflow through 13 projects, which are in the pipeline. According to Board of Investment, the projects in the pipeline are of trade, construction, steel, infrastructure, automobile, telecom, power and banking sectors.

A project of Al-Tawarqui Group of Saudi Arabia for steel manufacturing in Al-Tawarqui Steel Mill is also in the pipeline with an investment of $1 billion. An investment of $200 million and $21 million is in the pipeline for projects in trade, services and consumers products from M/s Metro Cash & Carry and M/s MAF Hypermarkets Pakistan (Pvt) Limited (Dubai) respectively.

An investment of $1 billion is in the pipeline by M/s Al Ghurair and the Giga Group of UAE for World Trade Centre, Gold Crest in DHA Islamabad and $450 million from M/s Pak-Gulf Construction Company (PGCL) for residential towers and hotel in the Centaurs in Islamabad.

A project of Al-Tawarqui Group of Saudi Arabia for steel manufacturing in Al-Tawarqui Steel Mill is also in the pipeline with an investment of $1 billion. M/s Agility Logistics, Kuwait also invest $160 million in logistics centers Warehouses.

M/s Tianjin Renong Pesticide Industries Company and M/s Pak-China Chemical are planning $12 million investment in chemical sector. China National Machinery and Equipment Import Export Corporation have a project in the pipeline for investing $450 to $500 million in Sonda-Jherruk Integrated Coal Mine & Power Plant Project.

A project of M/s Haier to invest $200 million in infrastructure development at China-Pakistan Economic Zone is also in the pipeline. M/s King Long United Automotive Industry of China also wanted to invest $1.3 million in automobile sector. Telenor Norway will invest $1.8 billion in telecom sector. M/s Atlas Group would invest $250 million in power and $33 million in banking sector, according to BoI.

Source: Business Recorder

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