LAHORE: China Pakistan Economic Corridor (CPEC) is a game changer while Gwadar is an important part of it and the charm of this city was getting momentum with every passing day. Rafi Group Chairman Imtiaz Rafi Butt expressed these views while speaking at the MoU signing ceremony between Lahore Chamber of Commerce and Industry (LCCI) and Green Palms Housing Project (GPHP) here at LCCI on Wednesday. LCCI President Mian Tariq Misbah, Vice President Tahir Manzoor Chaudhry and Senator Kauda Babar also spoke on the occasion. According to the Memorandum of Understanding, Green Palms Housing Project would offer special corporate rates to the members of LCCI for purchasing residential and commercial plots in the Overseas Block of the GPHP. However, the MoU places no financial or legal obligations on either of the parties. Imtiaz Rafi Butt said that Gwadar was going to play a significant role in the economy of Pakistan because of its strategic location.
It destined as the economic hub that would not just cater the locals but also come off as a key factor for the economic prosperity of Pakistan, he said. He said that phase one of CPEC had been completed while the second phase was well on the way under which industrial zones would be established and special attention would be given to the agriculture production. He said that 140 countries had expressed their desire for being part of One Belt One Road Project. Imtiaz Rafi Butt said that change of regime in Kabul was a geopolitical earthquake and would initiate economic development in the region. He said that Pakistan was one hundred per cent winner in this case. He said that Earlier, entire focus of Pakistan was on security but now the focus was on economic development as the security situation was under control. LCCI President Mian Tariq Misbah said that business community seems the development of Gwadar port city as an important milestone in the emerging economic profile of Pakistan. Pakistan stands to gain from its development in the long run. He said that in coming years, such individuals who make investment right now would be drawing good benefits.
The LCCI President praised the achievements made by Rafi Group in real estate sector across Pakistan. Since 1978, Rafi Group has been expanding as a market leader. He congratulated Imtiaz Rafi Butt for successfully completing and delivering various commercial and residential real estate projects all over the country. He hoped that Green Palms Housing Project commenced in Gwadar would be the best architectural landscape equipped with modern infrastructure and a wide array of amenities. Imtiaz Rafi Butt said that Gwadar was a very important part of the CPEC which would revolutionize the economy of Pakistan.
Given the global importance of Gwadar, Rafi Group was committed to providing affordable and quality accommodation to its customers in Gwadar. “Green Palms Gwadar is undergoing rapid development. “Our highly capable team will complete the project on time using all its capabilities, ” he added. Earlier, Lahore Chamber of Commerce & Industry (LCCI) and Green Palms Housing Project (GPHP) inked a Memorandum of Understanding (MoU) which would not only facilitate the LCCI members but also helpful in the development of Gwadar City. The Memorandum of Understanding was signed by the LCCI President Mian Tariq Misbah and Chairman Green Palms Housing Project Imtiaz Rafi Butt. Executive Committee Members Fiaz Haider, Uzma Shahid, Haji Muhammad Asif Sehar and Shahid Nazir were also present.