World Bank team discusses investemnt potential of fisheries industry

ISLAMABAD: “The emerging Pakistan needs to benefit from the enormous natural resources at its disposal and it is the ripe time to invest in the infrastructure necessary to revamp its economy” Federal Minister for Maritime Affairs Ali Haider Zaidi said during a meeting with the delegation from the World Bank on Monday.

The delegation headed by Miss Julia Bucknall, Director for Environment and Natural Resources, talked at length about the investment potential of the fisheries industry.

The meeting included discussion on meticulous details about the options available for harnessing the prospective economic benefits from fisheries industry .

“Bringing this industry at par with international standards will not only help us widen Pakistan’s forex influx options, but also generate jobs for the youth bulge. The youth that we have to save from being a liability due to the failed policies of previous governments thus to convert them into demographic dividend,” minister said.

Zaidi informed foreign investors are showing an increased interest to invest in Pakistan due to the business friendly policies of the incumbent government.

IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused exclusively on the private sector in developing countries. The Bank Group has set two goals for the world to achieve by 2030: end extreme poverty and promote shared prosperity in every country.

IFC is also a leading mobilizer of third-party resources for projects.

IFC has stakes in various projects in Pakistan including Pakistan International Bulk Terminal (PIBT).  [the_ad id=”31605″]

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