PM seeks foreign investment in Pakistan

Prime Minister Raja Pervez Ashraf has said there are numerous opportunities for foreign investors especially in the engineering‚ power‚ horticulture and manufacturing sectors.
In his opening statement at the Board of Investment (BOI) meeting here on Tuesday‚ he said efforts of BOI for speedy resolution of the investors’ problems would enhance their confidence and give a 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”.
The Prime Minister said Pakistan falls among the middle income countries and the presence of a large middle class provides vast local market to the new and expanding business.
He stressed these facts about Pakistan be aggressively projected to enhance FDI inflows in our country.
The Prime Minister said “despite challenges in the recent past‚ Pakistan’s economy remains resilient to global economy meltdown in spite 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 dollars in 2010-11 and are expected to grow further.”
The Prime Minister said that currently Pakistan’s economy is in dire need of rapid and consistent growth rate.
He said 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.
The meeting was attended by Makhdoom Amin Fahim, Minister for Commerce, Dr. Abdul Hafeez Sheikh, Minister for Finance, Mr. Anwer Ali Cheema, Minister for Production, Dr. Asim HUssain, Advisor to PM on Petroleum, Mr. Abbas Khan Afridi, Minister of State for Commerce, Dr. Nadeem-ul-Haq, Deputy Chairman, Planning Commission, Mr. Saleem H. Mandviwala, Chairman BOI, and officials of the concerned Ministries.