Shared proposal for development of ISB per 1960 plan

Shared proposal for development of ISB per 1960 plan

According to May 18 news reports, a private company has submitted an investment proposal for the conclusion of the Islamabad master plan in accordance with the 1960 original development plan. The proposal reportedly has the potential to generate returns of USD 2 billion with no government expenditures.

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This proposition was discussed at the meeting chaired by Zulfiqar Ali Bhatti of the National Assembly Standing Committee on Board of Investment (BoI). Before further discussion, he stated that all stakeholders, including the Ministry of Housing and Works, the Capital Development Authority (CDA), the Federal Government Employees Housing Authority (FGEHA), and the local administration, should be consulted.

In addition, the BoI informed the meeting that the ‘One-stop Shop’ initiative was implemented to facilitate investors and stakeholders during the Special Economic Zones (SEZ) investment process. The establishment of a Business-to-Business portal for the China-Pakistan Economic Corridor (CPEC) was disclosed to the attendees. The Chinese Board of Investment will be linked to this portal, which will aid investors.

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