Pakistan ideal place for investment: Soomro
By Adnan Rafique

ISLAMABAD—Chairman Senate, Mohammedmian Soomro Saturday said Pakistan offers excellent investment opportunities and the investors could take advantage of the conducive environment and invest in areas offering lucrative returns.
Talking to journalists at a ceremony held here at Defence Housing Authority, the Chairman Senate said housing is one of the basic human requirements and the government is committed to give priority to this sector. It has demonstrated its commitment by allocating significant resources for its accelerated development as it believes that the sector would contribute to the economy in the form of additional employment besides supporting allied industries.
The multiple effects of the housing sector, he said, have the potential to create more employment opportunities and generate industrial, commercial and trade activities. Having realized the importance of housing sector in the overall economic development of the country, the government, declared housing and construction as a priority industry and simultaneously formulated a workable policy to revitalize this sector providing various incentives for the construction industry and private sector builders, said the Chairman.
Earlier, the eldest son of the ruler of Ajman and Chairman of Ajman Municipality and Planning Department, Sheikh Rashid Bin Humaid Al Nauimi, who has arrived Pakistan on a request of Al Ghurair Giga Group, inaugurated the largest concrete mixing plant at DHA, Islamabad. Sheikh Rashid Bin Humaid also visited the multi-million dollar Goldcrest housing project in DHA Islamabad.
On the occasion, he said this project would be of the highest standards and would be a landmark of the UAE-Pakistan friendship. The towers of the Goldcrest housing project have been designed keeping in line with latest seismic proofing techniques and would rise from 20 to 36 floors. Piling work for the towers have started and construction machinery has arrived on the site from different parts of the world for rapid deployment at the project.
Al Ghurair Giga Pakistan, which is investing Rs 95 billion on different projects at DHA has set a target date of December 2008 for completion of residential complex. The project consists modern high-rise towers that are being built to give an exhilarating experience in the 21st century to urbane upwardly mobile professionals. The project will consist of seventeen (17) high-rise towers with all modern day amenities and facilities provided to the communities.