Prime Minister Raja Pervez Ashraf on Tuesday said Pakistan offers numerous opportunities for foreign investors especially in engineering, power, horticulture and manufacturing sectors.
Chairing a meeting of Board of Investment (BOI) at the Prime Minister’s House here, the Prime Minister said the efforts of BOI for speedy resolution of the investors’ problems would enhance their confidence and give positive signal to the foreign investors, making Pakistan an attractive investment destination.The Prime Minister said “Pakistan is a liberalized economy. We offer equal treatment to local and foreign investors, and most of the sectors are open for foreign investment under complete legal protection.”
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The Prime Minister said due to its rich resource potential, Pakistan is a preferred destination for foreign investors.He said Pakistan falls among the middle income countries and presence of large middle class provides vast local market to the new and expanding business.These facts about Pakistan be aggressively projected to enhance Foreign Direct Investment inflows in our country, the Prime Minister stressed.
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The foreign investment in Pakistan is fully protected under Foreign Private Investment and Protection Act 1976 and Protection of Economic Reforms Act 1992, the Prime Minister said. He said despite challenges in the recent past, Pakistan’s economy remains resilient to global economy meltdown inspite of devastating floods in the year 2010 and rain floods in 2011 in Sindh, coupled with internal and external security environment of the country, our exports amounted US $ 25.439 billion in 2010-11 and are expected to grow further.
The Prime Minister said currently Pakistan’s economy is in dire need of rapid and consistent growth rate. The dynamic role of private sector can restore the health of economy and help to accelerate its pace in the light of its vast and rich potential.
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