Pakistani investors want to relocate factories to Bangladesh

Dhaka, Bangladesh (BBN) – Textiles, garments and pharmaceuticals entrepreneurs from Pakistan are interested to invest in Bangladesh, lured by the country’s liberal foreign investment policies and incentive regime.

“Cheaper labour and other facilities like the European Union’s generalised system of preferences (GSP) have inspired us to invest in your country,” Jumara Haleem Puri, a Pakistani industrialist, told reporters in Dhaka on Tuesday.

He also said political instability in Pakistan is also another factor to relocate their factories to Bangladesh.

“A good number of industrialists of Pakistan are planning to shift their industries to Bangladesh. Owners of textiles, garments and pharmaceutical companies are the main investors who want to invest in Bangladesh,” Mr Haleem added.

BBN/SSR/AD-05Oct11-10:55 am (BST) 

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