Gilgit-Baltistan’s Investment Potential for Regional Development Highlighted

Fri Oct 13 2023
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ISLAMABAD: Pakistan’s Planning Commission (PC) Deputy Chairman, Dr. Mohammad Jehanzeb Khan, has highlighted the investment potential of Gilgit-Baltistan (GB) and its vital role in fostering regional development.

In his address at the GB Investment Roadshow in Islamabad, Jehanzeb Khan highlighted the region’s strategic geographic location, abundant natural resources, and rapidly advancing infrastructure, branding GB as the “Land of Opportunities” for investment.

The event provided a platform for the GB government to present the attractive incentives available to potential investors across various sectors. Dignitaries, ambassadors, members of the Federal Cabinet, representatives of the Special Investment Facilitation Cell (SIFC), and participants from diverse sectors, including tourism, information technology, power, agriculture, mining, and food security, were brought together.

 Gilgit-Baltistan Announces Incentives for Diverse Sectors

Dr. Mohammad Jehanzeb Khan underscored three fundamental aspects: “people, nature, and value.” He commended the GB government’s investment in its people and stressed the importance of respecting the distinct culture and values of the region. He advocated for sustainable and nature-sensitive development, highlighting the need for community-led and nature-oriented tourism to preserve the pristine ecology of the region.

Dr. Khan addressed the challenges of development by emphasizing the critical role of digital connectivity and urged investment in digital infrastructure to unlock the region’s full potential. He also stressed the significance of environmental protection and responsible waste management to safeguard the region’s natural resources.

The PC Deputy Chairman encouraged the authorities to prioritize agricultural development, particularly horticulture, and explore geographical indications for regional products. He recommended engaging global consultants specialized in mountain development and highlighted the importance of crafting local solutions tailored to the unique needs and traditions of the region.

Dr. Khan commended the efforts of the GB government and its partners in embarking on this transformative journey for the region’s development. He affirmed the Planning Commission’s commitment to serving as a coordinator and supporter, strengthening partnerships, and driving sustainable growth in Gilgit-Baltistan.

 

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