LAHORE - Federal Minister for Information and Governor Gilgit-Baltistan Qamar Zaman Kaira has said Gilgit-Baltistan has the potential to become an investment heaven for both the local and foreign investors. He was speaking at the inaugural ceremony of five-day Gilgit-Baltistan Investment Week at the Lahore Chamber of Commerce and Industry on Monday. Governor Punjab Salman Taseer, Chief Minister Gilgit-Baltistan Syed Mehdi Shah, LCCI President Zafar Iqbal Chaudhry, President/CEO Telenor Pakistan Jon Eddy Abdullah, Vice President Faisal Iqbal Sheikh, Advisor of Governor Gilgit-Baltistan on Investment Mian Shafqat Ali, LCCI former Senior Vice President Sohail Lashari and former Vice President Aftab Ahmad Vohra also spoke on the occasion. The Governor Gilgit-Baltistan said that unlike the past the present government had given a serious thought to the development of the area to alleviate the sufferings of the people that had been facing multiple problems for the last many decades. He said that as an era of development had been started in Gilgit-Baltistan with serious work on Basha Dam, detailed engineering of Monji Dam and in the shape of expansion of Karakorum Highway. He said that apart from tourism, mining, food preservation, the area has a very huge potential for cement and herbal sectors, therefore, the business community should come forward to explore these opportunities that offer a huge dividend. The Governor Punjab Salman Taseer, while paying rich tributes to the Lahore Chamber of Commerce and Industry for launching an awareness campaign regarding the hidden treasures of Gilgit-Baltistan, urged the business community to make investment in Gilgit-Baltistan as it would be a national service. He said that the Prime Minister had given a development package to the area with a view to facilitate the investors and all measures were being taken to turn the area an investment hub. The Chief Minister Gilgit-Baltistan Syed Mehdi Shah promised to extend maximum cooperation to all the investors who would be making investment in Gilgit-Baltistan. He said that organic farming has a very huge potential for the investment because of the availability of a very hardworking human resource and with little crime rate in all the seven districts of Gilgit-Baltistan. The President and CEO Telenor Pakistan Jon Eddy Abdullah said that the Telenor had already made an investment of $ 2 billion and it had plans to make more investment in the coming years. He said Telenor Pakistan was the first company to start its mobile operations in northern areas of Pakistan and has since established a substantial presence in the region. We are also contributing to the social causes of the region through active participation in cultural activities, including the world renowned Shandur Polo Festival. We look forward to strengthening our partnership under the new leadership of Gilgit-Baltistan, through economic and social contribution. Speaking on the Occasion, the LCCI President Zafar Iqbal Chaudhry said that Gilgit-Baltistan sectors like hydro energy, dry food, and precious stones are the actual treasure, which, if thoroughly tapped, will change the fate of this region. He said that the Lahore Chamber of Commerce and Industry was going to a sign a number of Memorandum of Understandings with the government of Gilgit-Baltistan that would pave way for future investment in that area. The LCCI President said that the investment in Gilgit-Baltistan would not only be beneficial to that particular area but it would also help strengthen the economy of the country. Earlier, the Chief Secretary Gilgit-Baltistan Baber Yaqoob Fateh Mohammad gave a detailed presentation on the available potential in the area with a special focus on renewable energy, food processing and gems and jewellary.