Pervaiz Rashid

Pakistan becomes favourite destination for foreign investors: Pervaiz

ISLAMABAD : Minister for Information, Broadcasting and National Heritage Senator Pervaiz Rashid Thursday said that Pakistan had become a favourite destination for foreign investors due to investment-friendly policies of the present government.
Addressing a joint press conference along with Board of Investment (BoI) Chairman Miftah Ismail here, he said honesty, corruption-free policies and transparency were prerequisite for investment and Pakistan had all these qualities to attract foreign investment. Businessmen invested in those countries only where they thought that their investment was safe and that they would get a level-playing field, he added.
Talking about inward foreign remittances, the minister said the same had registered an increase in last two years, besides foreign exchange reserves had swelled and inflation rate decreased. These indicators, he said, clearly showed that Pakistan had an investment-friendly environment and all international surveys certified that.
To a question, he said all the delegates, who attended the conference, wanted to either start or expand their businesses here.
Last year, he said, some 620 delegates attended the conference this year against 300 last year which reflected over 100 per cent increase. This proved that Pakistan was considered as an investment-friendly country, and the BOI and its chairman deserved credit for it.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>