Re: Despite Political Turmoil, Stock Analysts Say Pakistan Has Its Attraction
Have you even been to Pakistan the last few years?? or ever??
No foreign investment made it to Karachi in ’07
** CDGK signed over $900 million worth of projects with various foreign firms*
** Fate of KEE, IT Tower, Bio-Gas Plant and others yet to be decided*
By Jamil Khan
KARACHI: The City District Government Karachi (CDGK), led by City Nazim Mustafa Kamal, set out to bring a lot of foreign direct investment (FDI) into the city for the year 2007, but like 2006, this year has passed without any of the development projects materializing.
During the last two years, the CDGK has signed millions of rupees worth of agreements with various foreign companies to invest in the city and construct things such as the IT Tower, the Elevated Expressway and desalination plant, but, not a single project has materialized to benefit the citizens.
http://www.dailytimes.com.pk/default…-1-2008_pg12_2](“http://www.dailytimes.com.pk/default.asp?page=2008%href%1%href%3\story_3-1-2008_pg12_2”)