Pakistan best destination for foreign investment: Mamnoon

ISLAMABAD: President Mamnoon Hussain said on Tuesday that Pakistan has emerged as the best destination for foreign investment owing to improved peace and the government’s business-friendly policies.

Addressing an event at the Rawalpindi Chamber of Commerce and Industry (RCCI), he said Pakistan had enacted legislation to facilitate domestic and international businesses by making the country an attractive place for investment in the region.

The president said the China-Pakistan Economic Corridor (CPEC) would usher in a new era of economic prosperity across the entire region. He invited the world nations, particularly the neighboring countries, to join CPEC.

In addition, he said CPEC has opened up new vistas of opportunities which our youth must avail in order to gain the maximum benefit.

He further said that exports of the country have increased to over 11 per cent, adding the gross domestic product (GDP) growth rate had reached 5.3 per cent, which was the highest during the last 10 years.

He also said that vast opportunities were available in the sectors of economic services, tourism and energy. Moreover, President Mamnoon said the secret behind Pakistan’s success were comprehensive strategies and persistent counter-terrorism policies.

He said Pakistan had suffered enormous losses of lives and properties due to terrorism, however, the government had worked diligently to improve the situation through robust diplomatic, political and administrative measures.

Meanwhile, Mamnoon urged students to gain expertise in modern sciences to face the future challenges. He was talking to students of Cadet College Hassan Abdal in Islamabad on Tuesday.

The president said that the goal of national development could be achieved only if our youth put in dedicated efforts towards this end.

He urged students to improve their reading habit to keep pace with the changing trends in different fields of education, including social and technological sciences, literature, history and culture.