Foreign Investment to help the underprivileged

Much of the talk going about on foreign investment has on how will it benefit the poor of this country. While i’ve been giving reasons based on the ancillary benefits to the labour and tradesmen of this country, a lot of people still dont see value in that.

Today i read news that Oman, one of the friendly gulf countries with entirely too much money if you dont know, is looking towards setting up low-cost housing for the people of Karachi, specifically near the northern bypass and adjacent areas. Now thats one foreign investment which will be towards helping the poor.

6 Comments so far

  1. d0ct0r (unregistered) on February 24th, 2007 @ 9:33 pm

    electricity charges increased 10 %(coz wapada is incurring loss of 97 billion) … such unpredictable environment discourages investors… foreign investor prefers places where ever there is continuity of policies unlike here…


  2. BoZz (unregistered) on February 24th, 2007 @ 10:28 pm

    Low Cost housing. By whose definition? Don’t hold your breath on this one. In the end it may just turn out to be everything but accessible by the poor.


  3. d0ct0r (unregistered) on February 24th, 2007 @ 11:06 pm

    State bank to change color of Rs 20,000 and Rs 5000 notes…


  4. d0ct0r (unregistered) on February 24th, 2007 @ 11:08 pm

    bigger the dinomination of currency notes easier it is for corrupt officials to carry bribe money..


  5. Muhammad Ali Yaqoob (unregistered) on February 25th, 2007 @ 4:56 am

    Sorry for posting here but is it just my internet or the search function on pakistan.gov.pk site isnt working. Try typing something and press search?


  6. Concerned (unregistered) on February 25th, 2007 @ 10:06 pm

    As expected, the Negative Squad is at it again. Seriosuly guys (Bozz and doctor) I am looking forward to the day when either of you say something optimistic about Karachi.

    I do miss a lot of posting, so you might have already. Can you guys please point one out so I can read it.



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