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Development of industries in Pak s Balochistan is moribund due to lack of incentives: Report ANI | Updated: Jul 07, 2021 06:52 IST
Quetta [Balochistan], July 7 (ANI): The development of the small-scale industries in Pakistan s Balochistan is moribund due to the lack of incentives, a lukewarm attitude of the government towards investment, and above all, the security situation, said Khaleeq Nazar Kiani in its report.
Khaleeq Nazar Kiani writing in The Frontier Post said Some small-scale industries are functioning in the industrial estate Quetta, but the development is moribund, and no new factory has been established for quite some time. The new investment is jittery due to the lack of incentives, a lukewarm attitude of the Government towards investment, and above all, the security situation.
Development of industries in Pak s Balochistan is moribund
ANI
07 Jul 2021, 11:37 GMT+10
Quetta [Balochistan], July 7 (ANI): The development of the small-scale industries in Pakistan s Balochistan is moribund due to the lack of incentives, a lukewarm attitude of the government towards investment, and above all, the security situation, said Khaleeq Nazar Kiani in its report.
Khaleeq Nazar Kiani writing in The Frontier Post said Some small-scale industries are functioning in the industrial estate Quetta, but the development is moribund, and no new factory has been established for quite some time. The new investment is jittery due to the lack of incentives, a lukewarm attitude of the Government towards investment, and above all, the security situation. The author wrote that in 2017, Enertec Company (a subsidiary of Kuwait Investment Company) decided to establish two solar power plants of 50 MW each in Quetta and Bostan. It got the generation license and tariff from NEPRA, which wa
Balochistan - A resource rich area facing poverty, dismal growth rate, bad governance ANI | Updated: May 25, 2021 09:11 IST
Balochistan [Pakistan], May 25 (ANI): Balochistan, a resource-rich province, has been experiencing a disappointing growth rate, widespread poverty, and bad governance.
Khaleeq Nazar Kiani writing in The Frontier Post said that the challenges in managing natural resources have changed the blessing into a curse in Balochistan.
According to the Geological Survey of Pakistan, Balochistan has more than eighty mineral resources with significant deposits. Some have been discovered, while most remain waiting to be explored.
Natural resources can contribute to economic growth, employment, and fiscal revenue but may also cause controversy if mismanaged by weak institutions. The corruption and weak institutions in any Government are an open invitation for various actors to capture the natural wealth, wrote Kiani.