Pakistan welcomes global investors to invest in Pakistan

PM of Pakistan Nawaz Sharif while addressing to corporate & business leader across the world in Islamabad ask for to come and invest in the country full of potential & resources, best strategic location, political stability and attractive investment policy.

PM said, “Pakistan with its sixth-largest population in the world, 80 million middle class and attractive investment environment is a destination no global player can miss.”

Nawaz Sharif said, “CPEC is a key regional initiative for connectivity and shared prosperity of the nations.”

“Apart from energy, road/rail infrastructure, industrial parks and economic zones and a state of the art Deep Sea Port at Gwadar gives CPEC the potential of changing the destiny of the people in the region and beyond,” he said.

“The corridor will substantially shorten transportation distances between Africa and the Middle East to Central and South Asian regions. CPEC would connect the port of Gwadar to Kashghar,” he added.

“The government took over the economy faced severe energy shortages, inflationary pressures, exchange rate volatility and a precarious security environment,” the PM said.

“Today, the government has managed to stabilize the economy despite unfavorable global economic conditions,” he said.

He said that from a 3 per cent GDP growth before 2013, the country is projected to achieve 5.5 per cent GDP growth this year. The fiscal deficit has been brought down to 4.2 per cent and tax to GDP ratio increased to 12.4 per cent. The economy is targeted to grow by 8 per cent between 2018 and 2025 while maintaining single digit inflation.

The Prime Minister said, “Our reforms are multifaceted as we reduced bank interest rates, eliminated tax exemptions to provide a level playing field, strengthened tax administration, rationalised untargeted energy subsidies and widened society safety nets.”

“We are well aware that international investors need stable markets backed by clear and consistent policies,” he said.

“We are committed to maintaining an enabling policy framework to attract foreign direct investment,” he added.

PM Nawaz said, “The consumer market in Pakistan is growing at a very fast pace. The demand for automobiles, housing and electronics is thriving and providing considerable returns to the corporate sector.”

“The services industries particularly telecommunication, hospitality and online-retail are fast growing into attractive areas for investment,” he said.

PM also referred to the boom in PSE 100 index cross the benchmark of 50000.

World leaders were on the visit to explore Pakistan beauty and business opportunities.

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