Business Times

Sri Lanka is next Asian economic miracle :ex-Pakistan bureaucrat

Sri Lanka is the next economic miracle success story emerging in Asia and several Pakistani businessmen and investors have already expressed their willingness to invest in the Colombo stock market. Speaking to the Business Times, Khalil Masood, Executive Chairman of SKM Lanka Holdings (Pvt) Ltd said a branch of the National Bank of Pakistan in Colombo will start functioning soon and it will facilitate Pakistan investments in Sri Lanka. He noted that there are immense potential opportunities in tourism, textile, IT, agriculture, fisheries, telecommunication, leather products, infrastructure, and sports products for the Pakistan investors to venture into.

Sri Lanka is one of the most preferred countries for investments especially in the areas of garments, packaging, IT, telecommunication and rubber, he added. Investors from all over the world were keenly following developments in the island nation, he said adding that tourism is likely to grow at a remarkable level because tourism had seen a 50 % growth in the last few months.

Mr. Masood is a former Chairman of Pakistani Stock Exchange and Chairman of Arif Habib Securities, a unit of the Arif Habib Group, which is listed on the Karachi, Lahore and Islamabad Stock Exchanges. He served in Pakistani Customs and Stock Exchange for around 40 years.

He was in Sri Lanka recently on a 2-day visit, to evaluate the progress of SKM Lanka Holdings (Pvt) Ltd, a unit of Pakistan’s Arif Habib Securities. SKM Lanka Holdings (Pvt) Ltd, has invested over Rs.150 million in the capital market of Sri Lanka from the inception. The Pakistani broker has entered Sri Lanka as part of a regional expansion plan, Mr. Masood said.

Top to the page  |  E-mail  |  views[1]
SocialTwist Tell-a-Friend
 
Other Business Times Articles
Dollar seen weakening to Rs 106-108 in 2011
Erroneous New Year lottery incurs heavy loss for NLB
No big names for Kalpitiya, Govt. may issue fresh bids
Seylan Bank’s top three officials resign
Grand Oriental Hotel deal in fizzled out mode
Order reserved in oil hedging arbitration
Comment - Roadmap to prosperity
Feature - US GSP for over 130 countries expires, likely to re-start in next few months
Feature - Crisis in coconut: Long term perspective for development of coconut needed
20,000 MFIs to be regulated under Micro- Finance regulations: CB Governor
Indian experts to share insights at ICASL workshop
Laugfs to offer non Acetylene metal cutting gas
Coca Cola gives permanent jobs to 25 top salesmen
City tour for tourists
Central Bank predicts 8-9% economic growth for Sri Lanka
Budget and the Deemed Dividend Tax
Overseas employment prog. should be pro-active: NWC
Markss Healthcare helps in courses to educate ‘budding’ surgeons
Communications’ specialists to share expertise at Feb. 3 seminar
No control over share price movements : PCH
New MD at Ceylon Tobacco Company
SLASSCOM elects new board for 2011
Efutures provides support services to Wall Street firms
ODEL builds 20 houses to mark 20th anniversary
Pelwatte milk foods to enter the market shortly
East coast - hot destination for heli flights
Aitken Spence Printing at Galle Literary Festival
ICASL to introduce new ICT enabled products to its students and members
20 mln shares on offer in Marawila rights issue
Former Nestle SL MD to head Kotmale
‘SURE’ rewards from Seylan Bank to all customers
Emirates sponsors popular authors to Galle Literary Festival
CB Governor on ITN's "Rupees and Sense"
Colombo bourse half day on Jan. 14
SLIC pays Harry’s DCSL Rs. 6.7 bln as per SC order
HVA set to consolidate HELADIV brand through IPO
Lankan PR firm launches website
Ray of hope for GK depositors under new payment proposals
New port city being built at $450 mln cost
Commercial Bank reaches milestone 400th ATM
Proposed 5-day week for those seeking flexible working hours: EFC
Mobitel reached 3.8 million subscribers by Nov. 2010
Tea prices, production and exports seen strong in 2011: Forbes report
SEC may revisit price band
Lanka Bell may not be sold
Sri Lanka rubber prices seen rising
Oman Air CEO speaks on in-flight entertainment
Sri Lanka is next Asian economic miracle :ex-Pakistan bureaucrat

 

 
Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 1996 - 2011 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved | Site best viewed in IE ver 8.0 @ 1024 x 768 resolution