PM eyes more foreign investment

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Prime Minister Raja Pervez Ashraf on Wednesday directed Board of Investment Chairman Saleem Mandviwala to submit a complete feasibility report on one-window operations so that potential foreign investors could be facilitated and wouldn’t have to face hurdles. The prime minister was talking to the chairman who called on him to congratulate him on assuming the responsibilities of the chief executive of the country. Ashraf said that an inflow of foreign investment was critical for economic growth of a country, as in the cases of Turkey, China and Malaysia. While briefing the prime minister about the state of investment in the country, the chairman said that Pakistan offered attractive prospects for foreign investors especially in the fields of energy, infrastructure, and information technology. The chairman underscored the importance of simplifying procedures even further to encourage foreign investors to come to Pakistan and undertake successful businesses.