Pakistan’s climate has become conducive to investment, Zubair tells US industrialists

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KARACHI: Sindh Governor Muhammad Zubair, who is leading a delegation to the United States (US), informed American officials and industrialists in Washington that the law and order situation has improved in Pakistan and the climate has become conducive to investment opportunities.

According to a statement issued by the Governor House on Saturday, Zubair informed American officials and industrialists that investment environment in Pakistan was much better now as compared to 2013, especially in the country’s commercial hub of Karachi. The domestic and foreign investment had seen a steady and consistent increase in the past year or so, he added.

The governor, along with the members of the delegation, met with American officials in the State Department in Washington.

The US acting Secretary of State for South and Central Asia Alice Wells and Pakistan Stock Exchange Chairman Munir Kamal, were also present on the occasion.

The governor also pointed out that the government in Pakistan took several measures to overcome the energy crisis, besides paying attention towards improving the law and order situation.

He said that in the wake of China-Pakistan Economic Corridor (CPEC) projects, more electricity would be available than required from the next year. Out of the $62 billion CPEC project, around $34 billion would be spent only on the energy sector, he added. He also said that by May next year, 10,400 megawatts of electricity would be added to the national grid.

Regarding trade relations shared by both the countries, Zubair said that America was an important trade partner of Pakistan. He also praised the steps taken in regard to investment from the Overseas Chamber of Commerce, Pak-American Business Council, and other organisations.

The governor was of the view that the travel advisory for Pakistan should be reviewed so that the investors could have access to investment opportunities in Pakistan. He also termed the visit to the US as productive and successful.

He said that the visit had helped promote the soft image of Pakistan in America, and later invited American and other international investors to invest in Pakistan.