Terming Pakistan as one of the best investment destination, Minister for Finance Senator Ishaq Dar has called upon the ambassadors and high commissioners of the friendly countries to take benefit from the investment and trade opportunities being offered in the different sectors of economy in the country.
The present government through its prudent and investment-friendly economic policies has opened up various sectors of economy for investments due to its unique strategic location, attractive investment policies, with lucrative incentives, huge comparative advantage, dedicated skilled and cheap labour force, he said, while addressing as chief guest at investment dinner hosted by Board of Investment Chairman Dr Miftah Ismail and Secretary BOI Iftikhar Babar at local hotel on Friday.
Advisor to Prime Minister on National Security and Foreign Affairs Sartaj Aziz, Ambassador of United States of America to Pakistan Richard Olson, ambassadors and high commissioners of different countries based in Islamabad, business community leaders, senior government officials and journalists attended the dinner.
Highlighting the economic policies of the government, Ishaq Dar said when the present government came into power some two years ago Pakistan was on the verge of default as the foreign exchange reserves were depleting and no foreign country or donor was ready to do business with Pakistan.
Dar said soon after coming into power, the government took bold decisions to stabilize the national economy and restore the confidence of the investors on Pakistan’s economy.
Now, Pakistan’s economy, he said, had not only stabilised but the foreign countries were willing to do business and investments in Pakistan. He added that Pakistan had successfully completed the 6th and 7th reviews with International Monetary Fund (IMF) without taking any waivers from the fund.
He added that due to efforts and good polices of the government, Pakistan’s foreign exchange reserves had increased to over US $ 17 billion as a result the country had qualified for the development loans from International Bank for Reconstruction and Development (IBRD).
The minister also highlighted the steps taken by the government for the safety net for the poorest of the poor under National Income Support Programme (Benazir Income Support Programme) and also enhanced its budget.
The accountant is bragging again about government policies. We do not have investment friendly atmosphere in Pakistan. Nothing has changed. The economic decline has not been stopped.
why does not he understand that unless we create peaceful environment in Pakistan no foreign investment will come to Pakistan. he must realize the precarious situation of the country. should stop bragging and braying.
The Munshi Dar and his employers themselves invest outside the country yet they have the gal to ask others to invest here! Munafqat at its nadir.
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