ISLAMABAD, Pakistan: The Board of Investment (BOI) organized a hybrid investment seminar on December 6 at Pakistan Pavilion in Dubai Expo which was attended by the local & international business community physically and virtually.
The business community was apprised on investment policies and potential in Pakistan with a focus on technology as well as the Knowledge economy.
On the sidelines of this seminar, the Secretary BOI Ms. Fareena Mazhar met with the Managing Director of Brother Gas UAE, one of the leading oil & gas companies in Dubai, Mr. Kashif Maqsood.
Mr. Kashif Maqsood attended the seminar with his five-member senior management team and confirmed their plan to set up a bottling plant at Special Economic Zone (SEZ) in Faisalabad.
The Board of Investment has been facilitating the organization previously and has assisted in applying for a Plot in Faisalabad SEZ.
The BOI’s close coordination with the organization has resulted in the organization announcing its plan to invest in Pakistan.
The delegation representing Brother Gas UAE has shared that they will be investing in three phases, with an initial investment of US$ 15 million.
The first phase will include setting up a plant in M3 industrial area in Faisalabad which will serve the local market and facilitate export to neighboring markets from Pakistan. It will include industrial gases with more than 1,000 products.
They will install an Aerosol Propellant Gas “APG” plant which will be manufacturing the much-needed APG within Pakistan instead of importing the same.
The investment will help reduce imports and bring the Federal Direct Investment (FDI) through exports to neighbouring Countries. This project will also lead to the introduction of refrigerant gasses and ADNOC lubes for the first time in Pakistan.
The Secretary BOI has termed this potential investment as a major breakthrough for attracting the FDI in Pakistan.
