Pakistan invites Bahrain to invest in Gwadar, energy

[Edevelop]

ISLAMABAD: Pakistan has offered Bahrain an opportunity to invest in Gwadar Port and its energy and mining sectors, encouraging the Gulf monarchy to take advantage of the liberalised investment regime that in return will help Islamabad attract capital to boost its flagging economy.

“Bahrain has expertise in oil and infrastructure projects and Gwadar Port and the energy sector may be attractive for the Gulf country,” said Dr Musaddaq Malik, Special Assistant to the Prime Minister.

He was speaking at the Bahrain-Pakistan Business Forum, held on Wednesday to mark the current visit of King of Bahrain Hamad bin Isa Al Khalifa to Islamabad.

As many as 17 memoranda of understanding were signed between Pakistan and Bahrain and between Bahraini government and Pakistani investors. The agreements were aimed at venturing into new areas and expanding existing facilities set up in Bahrain by Pakistani investors.

Malik pointed out that China would invest $33 billion over five years in Pakistan, of which $18 billion would be pumped into infrastructure projects. He suggested that Bahraini investors should become equity partners of China to explore the opportunities.

He told the investors that they could also set up power plants in Pakistan – an area where the country offered a minimum 17% guaranteed rate of return with sovereign guarantees. In return, Pakistan can provide human capital and invest in the food sector, the areas where Bahrain is in need of external help.

Trade between the two countries stood at just $250 million per annum while in the last six years Bahrain invested only $18.7 million in Pakistan, said Miftah Ismail, Chairman Board of Investment, at the conference.

Ismail asked Bahraini investors to invest in Thar coal and copper and gold mines in Balochistan. The kind of technology and financial resources required to discover coal, gold and copper were missing in Pakistan, leaving the mines unexplored, he said.

The value of Thar coal is estimated at $9 trillion while the size of Pakistan’s economy is only $250 billion. Similarly, he said, copper mines were spread over 30,000 square kilometres and contribution of the mining sector to the economy was less than half a percentage point, 0.4% of GDP to be precise.

Ismail was of the view Bahrainis were more interested in the banking sector and equity market while other sectors of interest could be healthcare, education, food, textile, manufacturing, information and communications technology, industrial, professional and commercial services.

A lot more needed to be done to improve the dismal figures of bilateral trade, suggested Dr Hassan Fakhro, Bahrain’s Minister of Industries and Commerce while speaking at the conference.

He asked Pakistan’s business community to invest in the food sector that offered them immense opportunities.

Commerce Minister Khurram Dastgir offered Bahrain an opportunity to invest in the textile sector in order to get advantage of the 10-year duty-free access to European markets. In the same manner, Pakistan could also benefit from the free trade agreement between Bahrain and the US by establishing industrial units in the Gulf state

Infrastructure development: Pakistan invites Bahrain to invest in Gwadar, energy – The Express Tribune

 

[Thəorətic Muslim]

And I the Emir of Istanabad, will invest $20 to Baluchistan.

In return I request a Boeing 787, 2 BMW i8s, and 2 Hershey Chocolate Bar factories.

 

[Chak Bamu]

Bahrain has lost its clout over the years. It used to be a leader among Gulf Arabs with a serious headstart in banking and services sector. If I am not mistaken, it was the first among Gulf Arab states to run out of oil. Other Gulf states have zoomed past Bahrain. It has nothing to loose if Gwadar develops, unlike two Gulf states.

 

[Malik Usman]

And I the Emir of Istanabad, will invest $20 to Baluchistan.

In return I request a Boeing 787, 2 BMW i8s, and 2 Hershey Chocolate Bar factories.

Why do people hate America? We bring Democracy to your countries and we rebuild.

And first **** the countries destory them and then rebuild.........did you not ever read the history...

1 - World War 1, 2
2 - Nagasaki and Hiroshima Nukes Dropped off.
3 - Iraq invasion.
4- Libya's invasion
5- Afghanistan's invasion
6 -Attacks in Pakistan and Yemen
7- Destroying the Syria
8 - And everywhere there is trouble in the world, mostly 90% CIA behind that trouble..

 

[Roybot]

Why do people hate America? We bring Democracy to your countries and we rebuild.
And first **** the countries destory them and then rebuild.........did you not ever read the history...

1 - World War 1, 2
2 - Nagasaki and Hiroshima Nukes Dropped off.
3 - Iraq invasion.
4- Libya's invasion
5- Afghanistan's invasion
6 -Attacks in Pakistan and Yemen
7- Destroying the Syria
8 - And everywhere there is trouble in the world, mostly 90% CIA behind that trouble..

All that tirade, I won't be surprised if Theoretic Muslim is a Pakistani American

 

[Thəorətic Muslim]

Why do people hate America? We bring Democracy to your countries and we rebuild.
And first **** the countries destory them and then rebuild.........did you not ever read the history...
1 - World War 1, 2
2 - Nagasaki and Hiroshima Nukes Dropped off.
3 - Iraq invasion.
4- Libya's invasion
5- Afghanistan's invasion
6 -Attacks in Pakistan and Yemen
7- Destroying the Syria
8 - And everywhere there is trouble in the world, mostly 90% CIA behind that trouble..

Whats your point?

All that tirade, I won't be surprised if Theoretic Muslim is a Pakistani American

I actually am. Came to US in '95.

I just googled up Theoratic, apparently its not even a word.

 

[Malik Usman]

Whats your point?

This is the answer what you written on the footer of your post........anyways...........we don't hate America but we hat her policies...


I actually am. Came to US in '95.

I just googled up Theoratic, apparently its not even a word.

 

[Kompromat]

Its a good step forward. Pakistan should intertwine GCC, Iranian and Chinese economic interests in Gwadar.

 

[Nishan_101]

ISLAMABAD: Pakistan has offered Bahrain an opportunity to invest in Gwadar Port and its energy and mining sectors, encouraging the Gulf monarchy to take advantage of the liberalised investment regime that in return will help Islamabad attract capital to boost its flagging economy.

“Bahrain has expertise in oil and infrastructure projects and Gwadar Port and the energy sector may be attractive for the Gulf country,” said Dr Musaddaq Malik, Special Assistant to the Prime Minister.

He was speaking at the Bahrain-Pakistan Business Forum, held on Wednesday to mark the current visit of King of Bahrain Hamad bin Isa Al Khalifa to Islamabad.

As many as 17 memoranda of understanding were signed between Pakistan and Bahrain and between Bahraini government and Pakistani investors. The agreements were aimed at venturing into new areas and expanding existing facilities set up in Bahrain by Pakistani investors.

Malik pointed out that China would invest $33 billion over five years in Pakistan, of which $18 billion would be pumped into infrastructure projects. He suggested that Bahraini investors should become equity partners of China to explore the opportunities.

He told the investors that they could also set up power plants in Pakistan – an area where the country offered a minimum 17% guaranteed rate of return with sovereign guarantees. In return, Pakistan can provide human capital and invest in the food sector, the areas where Bahrain is in need of external help.

Trade between the two countries stood at just $250 million per annum while in the last six years Bahrain invested only $18.7 million in Pakistan, said Miftah Ismail, Chairman Board of Investment, at the conference.

Ismail asked Bahraini investors to invest in Thar coal and copper and gold mines in Balochistan. The kind of technology and financial resources required to discover coal, gold and copper were missing in Pakistan, leaving the mines unexplored, he said.

The value of Thar coal is estimated at $9 trillion while the size of Pakistan’s economy is only $250 billion. Similarly, he said, copper mines were spread over 30,000 square kilometres and contribution of the mining sector to the economy was less than half a percentage point, 0.4% of GDP to be precise.

Ismail was of the view Bahrainis were more interested in the banking sector and equity market while other sectors of interest could be healthcare, education, food, textile, manufacturing, information and communications technology, industrial, professional and commercial services.

A lot more needed to be done to improve the dismal figures of bilateral trade, suggested Dr Hassan Fakhro, Bahrain’s Minister of Industries and Commerce while speaking at the conference.

He asked Pakistan’s business community to invest in the food sector that offered them immense opportunities.

Commerce Minister Khurram Dastgir offered Bahrain an opportunity to invest in the textile sector in order to get advantage of the 10-year duty-free access to European markets. In the same manner, Pakistan could also benefit from the free trade agreement between Bahrain and the US by establishing industrial units in the Gulf state

Infrastructure development: Pakistan invites Bahrain to invest in Gwadar, energy – The Express Tribune

Real Estate, Energy and Industry are good areas for JV with GoP.

Building house of 500 Sq. Yards, 700 Sq. Yards and 1100 Sq. Yards. And selling them at affordable rates. More over keeping the South Zone for Industries and Navy.