Pakistan’s economy on track to achieve set growth target

ISLAMABAD: Rupani Foundation in partnership with Reenergia, Pakistan Institute of Economic Development (PIDE), and Karakorum International University (KIU), has formally inaugurated the GB Invest Initiative on November 29, 2021 in Islamabad and Gilgit, simultaneously.

The launching ceremony was held at the National Press Club, Islamabad.

This private sector-led GB Invest Initiative aims at mobilising the private sector impact investments in Gilgit- Baltistan, supporting equitable and sustainable development for the region’s people and the local economy, while preserving the unique ecosystem. Around $100 million will be channeled from 2022 to 2023 by connecting GB’s private sector with investors from resident and overseas Pakistani communities, as well as with the stakeholders from global corporate, financial, development, and public sector organisations.

The GB Invest Initiative will also attract and facilitate investments to channel socially inclusive, environmentally responsible, and economically viable growth across the following key sectors of investment, e.g., tourism, renewable energy, minerals and mining, trade and commerce, agribusiness, and technology.

A huge number of representatives of print and electronic media were present on the occasion.

Addressing the media, the representatives of the four partnering/collaborating organisations said that the GB Invest Initiative will globally invite all stakeholders from the public and private sectors, and Pakistan’s civil society, to participate in a series of partner outreach programmes, including webinars and roadshows, to be held shortly after the brand launch leading to a grand GB invest conference in March 2022, at the Karakorum International University in Gilgit City.

This will be the first-of-its-kind convention for impact investors in the region. The event will set the spotlight on GB’s unique feasibility for harnessing responsible investments into equitable economic opportunities for social prosperity, while serving as an excellent networking platform for global, national, and regional stakeholders to foster collaborations and businesses.

The GB Invest Initiative and GB invest conference 2022 will be backed by the full support of the Board of Investment.

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