ISLAMABAD: The government is taking measures to achieve sustainable and inclusive higher growth after having achieved macroeconomic stability.
These views were expressed by Finance Minister Senator Ishaq Dar, while addressing members of US-Pakistan Business Council (USPBC), at the US Chamber of Commerce in Washington.
The current government is committed to ensuring transparency in all sectors of the economy and for this, it is working closely with the international organisations, he added.
Ishaq Dar apprised the audience that international rating of Pakistan had improved from negative to positive during the span of last four years. “Our stock market has emerged as the 5th best performer in the world which clearly indicated that Pakistan had huge potential for investment. Pakistan had so far introduced 24 laws to make the environment business friendly whereas ten more such laws were in the making,” Dar said.
While stating that Pakistan and the US had a long history of strong bilateral relations particularly in the arena of trade, business and social development, the minister urged the US investors to take advantage of the tremendous investment opportunities in Pakistan.
He informed the participants that international companies must consider relocating their manufacturing operations to Pakistan as the country had an abundant supply of cheap labour and provided access to a very large regional market.
Presently, Pakistan was offering low-interest rate and was in the process of setting up Pakistan Infrastructure Bank led by IFC to provide capital for infrastructural development to the private sector, he said.
Financial and digital inclusion of Pakistani population was among top priorities of the government, the finance minister added.
The event was attended by the representatives of large US multinationals, including GE, Boeing, Lockheed Martin, Proctor and Gamble, Monsanto, ExxonMobil, Motorola, Uber, Coca-Cola and others who greatly appreciated the robust improvement in the economic and business environment in Pakistan.
