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Govt to facilitate foreign investors: PM

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SHARM EL SHEIKH: Prime Minister Syed Yousuf Raza Gilani has said the government will provide all facilities for investment in Pakistan particularly in the energy sector. He was addressing a session of the World Economic Foreign titled” Eye on Pakistan” in Sharm el Sheikh on Monday. He said new avenues for investment have opened in Pakistan and in view of the energy crisis; Pakistan would invite the investors to invest in this sector. Details to attract investment in this sector would be announced in the Energy Policy.

He said the government has come to power with a vision, determination, commitment and zeal to develop synergies among political, economic and social sectors and work for the prosperity of the people. He was confident that soon Pakistan would be on its path of development and prosperity. The Prime Minister said despite political and security challenges, Pakistan’s economic fundamentals have been strong. There is a sound economic foundation for the development of country and other financial indicators support this fact.

The Prime Minister said Pakistan is a very attractive market for foreign investors. Around 700 foreign companies are operating in Pakistan while foreign direct investment during last year stood at 8.4 billion dollars. He said our manufacturing sector has shown sterling growth, agriculture sector has bounced back and telecommunication andIT sectors have taken a big leap.

Syed Yousuf Raza Gilani an attractive strategic location, a large market of 160 million populations, politically stable and vibrant Pakistan offers attractive business potential for countries in the Middle East and North Africa. State Bank Governor Dr. Shamshad Akhtar in her presentation said the quality of economic management in Pakistan has improved. She said Pakistan has withstood the domestic democratic transition, disruptions that it faced in one year and there will be a 6 percent GDP growth this year.-SANA

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