ISLAMABAD, Pakistan: The Dubai-based Brothers Gas has announced to make an investment worth US$ 15 million in the Faisalabad Special Economic Zone (SEZ), the Prime Minister’s Advisor on Commerce Abdul Razak Dawood said.
“I am pleased to share that Brothers Gas United Arab Emirates (UAE) has announced investment worth $15M in Faisalabad SEZ,” the advisor said in a statement on Twitter on Thursday.
The advisor said that the first of the three-phase investment will include the installation of an Aerosol Propellant Gas (APG) plant.
Abdul Razak Dawood said that the local manufacturing will help reduce Pakistan’s reliance on imported APG. He said that the plant will also enable the manufacturing of refrigerant gasses and ADNOC lubes for the first time.
The advisor said that the actualization of foreign investments is showing of a conducive business environment that is supported by friendly government policies.
“I appreciate the BOI’s (Board of Investment) role in investor facilitation,” he said.