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Argentina to invest USD 3.5 billion in Pakistan
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Thursday, 13 Aug 2009
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The News cited Mr Waqar Ahmed Khan Pakistan federal minister for investment as saying that successful military operation in Swat and adjoining areas and end of Taliban’s leadership has sent positive signals to the global community that law and order situation is quite better now.

He was talking to Mr Radolfo Martin Sarvia Ambassador of Argentina to Pakistan, who called on the minister, at his chamber in the cabinet block on August 11th 2009.

Mr Khan further said that the ministry of investment would arrange a round table ministerial conference on the visit of Argentinean’s foreign and commerce minister to Pakistan in first week of September this year.

He said that “We will extend all possible favour to the Argentinean investors and one window facility will be provided to them. We are pursuing the most liberal investment policies in the region.”

He added that owing to these policies world renowned potential multinational companies are eager to invest in Pakistan. We want to make Pakistan an economic hub in the whole region.”

The ambassador told the minister that his government intended to invest USD 3.5 billion in different economic sectors in Pakistan. Apprising the minister of details of the projects, the ambassador said that Argentina was keen to launch a gas pipeline project in collaboration with China.

Mr Martin Sarvia said that moreover, the Argentinean government would install 40 modern CNG pumps in all big cities on the pattern of South Korea and Singapore. We will also bring 800 new CNG buses to Pakistan.

He said that “We are building a high tech modern hospital near Polyclinic Hospital in Islamabad which will be equipped with all modern facilities.”

Moreover, Argentina would also establish oncology department in Polyclinic Hospital for exclusive treatment of cancer patients. The minister highly appreciated these initiatives and assured the ambassador of his full cooperation. He also offered the Argentinean government to invest in agro farming, livestock and infrastructure development projects.

(Sourced from the News)

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