MIRPUR: Azad Jammu and Kashmir President Barrister Sultan Mahmood Chaudhry said on Monday that immense opportunities for investment are available in different sectors in AJK.
Talking to public representative delegations at Jammu Kashmir house in the federal metropolis, he invited the intending entrepreneurs from across the country besides the UK-based Pakistani Diaspora community to take benefit of the bright investment opportunities in trade and industrial sectors in AJK, especially in the twin industrial districts of Bhimbher and Mirpur.
Referring to the region’s favorable climate and investment-friendly environment, he said that the private sector could invest in different sectors of Azad Kashmir.
The president said that besides natural resources, Azad Kashmir has huge human resources.
He said that nearly 1.5 million people from Azad Kashmir are working in the Middle East, Europe, and North America.
The president further said that there was no law and order issue in Azad Jammu Kashmir while the literacy rate was higher than in the provinces of Pakistan.
He said that the proposed Muzaffarabad, Mansehra, and Mirpur motorway and dry port in the lake view city would further enhance the scope of investment in the region.
Investment Opportunities in AJK
Referring to the key investment areas in the region, the president said that some of the important sectors for investment in Azad Kashmir included tourism, minerals, hydel power generation, IT, and small-scale industries.
Encouraging investors to invest their capital in AJK, he assured them that they would be provided with all support and facilities at the government level.
The president said that the AJK has the potential to produce nine thousand megawatts while, at present, 2500 megawatts of electricity are being generated from different power projects.
