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US company to invest $900m in industrial sector

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    US company to invest $900m in industrial sector;member=rahman

    ISLAMABAD: FMN Incorporated, a US-based industrial company, has expressed its strong intentions to invest $900 million in Pakistan in the development of infrastructure and heavy-engineering sectors.

    Company Chief Executive Thomas A Nevin told APP after meeting President General Pervez Musharraf here on Thursday his company intends to set up its business in Pakistan with an initial investment of $900 million. "We have come here to announce the intention of developing widely diversified heavy engineering facilities in Pakistan," he said.

    Nevin said the investment in Pakistan will create roughly over 2,000 jobs from the level of management down to the labour, which would largely be filled in from within the country. "These jobs are tend to be better jobs as they will be durable and in the high-taxation sector," he said, adding the jobs will carry all the fringe benefits. Expressing total satisfaction over the investment climate in Pakistan, he stated "prospects for this country are enormously good."

    All people are equal, but some are more equal than others. We call these "corporations."

    Wow, that is great news