Ukrainian firms can invest in Pakistan, says Dr. Mohammad Zahoor

Kyiv, Ukraine: A Ukraine-based, British businessman of Pakistani origin, Dr. Mohammad Zahoor has said that his firm is ready to invest in Pakistan in Wind Energy and Information Technology sectors if Prime Minister Imran Khan is ready to deal such projects directly with his firm, reports DND News Agency.

File Photo of Dr. Mohammad Zahoor

Talking to senior journalist Bilal Dar here in Kyiv, Dr. Zahoor said that his firm is already working in Middle East in wind power energy projects and is ready to invest in Pakistan but he is shy because of the bureaucratic system in Pakistan. He maintained that his firm was involved in maintenance of Pakistan Steel Mills two decades ago but still waiting for payment of work his firm did there.

Dr. Mohammad Zahoor said that Pakistan and Ukraine should do Most Friendly Country (MFN) contract because it will help both the country to mitigate negative impacts of heavy taxation.

Dr. Mohammad Zahoor who is one of the top ten businessmen of Ukraine got Ph. D degree in metallurgical engineering and started his career while working in Pakistan Steel Mills believes that PSM still can be a useful project for Pakistan but it needs strategic decisions from government of Pakistan.

Hailing from Karachi, Dr. Mohammad Zahoor worked in steel industry of Ukraine for a long time and then bought Kyiv Post, one of the pioneer English dailies from Kyiv and now he is mostly busy doing business in Middle East and European countries including Spain. Zahoor bought the Kyiv Post on July 28, 2009, from its original owner, a US citizen. Sunden started publishing the Kyiv Post on October 18, 1995.

READ  Tax evaders' life to be made difficult: Ishaq Dar

Dr. Mohammad Zahoor while talking to Dispatch News Desk (DND) News Agency said that Ukraine is leading in Information Technology and he is ready to invest in IT industry of Pakistan because there is huge potential in Pakistan for IT sector.

Dr. Mohammad Zahoor was of the view that he loves his native country Pakistan and wants to do many things but investment in Pakistan needs security and smooth environments for businessmen.