World Economy

Pakistan Looks to Boost Foreign Investment

Pakistan Looks to Boost Foreign InvestmentPakistan Looks to Boost Foreign Investment

Pakistan’s Prime Minister Nawaz Sharif says his country’s investment policy has been designed to provide a comprehensive framework for creating a conducive business environment for attraction of Foreign Direct Investment (FDI).

“We have adopted a very liberal and investor-friendly policy which provides no restriction on remitting capital, profits and dividends,” the prime minister said in a meeting with the Chairman of China Shipbuilding Company Xu Ziqiu in Islamabad, Pakistan Today reported on March 3.

Sharif said Pakistan’s policy trends had been consistent with liberalization, de-regulation, privatization, and facilitation being its foremost cornerstone.

He said the government is focused on improvement in agriculture, industrial and services sectors and a number of public sector development programs had been initiated.

He said the economic outlook of Pakistan had changed altogether during the last four years, which was being acknowledged globally.

Inflation was continuously on the downward trend, whereas stocks, foreign exchange reserves and home remittances were on the rise.

The premier invited the China Shipbuilding Company to invest in collaborative projects with PNSC and Karachi Shipyard.

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