Pahang draws RM20.5bil in investments up to July, beating full-year target: MB

  • Nation
  • Tuesday, 02 Aug 2022

KUANTAN: Pahang has attracted RM20.5bil in investments up to July 31, exceeding the RM18bil target set for the whole year.

Mentri Besar Datuk Seri Wan Rosdy Wan Ismail (pic) said of this amount, RM11bil was from foreign investment and the rest from domestic sources.

He attributed this to the state’s political stability and infrastructure development which attracted investors.

In his adjournment speech at the state assembly sitting here on Tuesday (Aug 2), Wan Rosdy said he is also optimistic that the revenue collection target of RM1bil this year can be achieved, based on the RM841mil collected up to July 27.

"Revenue collection has never burdened the people. Instead, the state government managed to increase the collection from actions such as raising administrative efficiency, reducing leakage and implementing (innovative) initiatives.

"The revenue excess is returned to the people in various forms such as welfare aid and educational and development programmes for every level of society regardless of background and political ideology,” he added.

ALSO READ: Pahang to resolve 90% of water woes in five years, says MB

On the state government’s Federal debt, he said the balance stood at RM908mil to date after an agreed-upon writeoff of RM1.307bil and RM1.115bil going to Pengurusan Aset Air Berhad (PAAB).

He attributed the state’s strong financial position to close cooperation among all parties, especially between the state government machinery and related agencies.

ALSO READ: Pahang's RM2.1bil debt to Federal Govt written off via water restructuring supplementary agreement, says MB

Wan Rosdy also called on the people of Pahang to hype up this year’s National Independence Month celebration, among other acts by flying the Jalur Gemilang at their homes as well as government and private premises to inculcate the patriotic spirit.

The state assembly sitting will continue at a date to be fixed later. – Bernama

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