Abdul Razak Dawood, the prime minister’s adviser on trade and investment, welcomed Australian inventors on Monday who had injected capital into various sectors in Pakistan.
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Speaking with a delegation from Fortescue Metals Group Limited, led by group chairman Andrew Forrest, Dawood said the Fortescue group’s approach is unique and would lead to a transfer of knowledge and technology to Pakistan.
He added that the Pakistani workforce will be able to quickly learn and apply new technologies and that the investment will result in an improvement in the labor market.
The adviser emphasized that the Board of Investment (BOI) would act as a point of contact for the group and actively address any issues that may arise at various stages in the implementation of their plans.
He recognized the group’s approach to providing employment to local communities, which has been a measure of their investment plans in Pakistan.
During the meeting, the Fortescue group gave a presentation on their planned investment plans in Pakistan. As it turned out, Pakistan was one of the shortlisted countries and was actively seeking investment.
Forrest appreciated the support and enthusiasm of the Pakistani government.
He said the investment will focus on the green industry, starting with hydropower production and the development of the industry on related land owned and managed by the group with the help of local partners.
