Pakistan lucrative destination for investors, says Musharraf
- Posted by Ghaus Iftikhar on November 30th, 2006.
If you're new here, you may want to subscribe to my RSS feed or E-mail Newsletter. Thanks for visiting! Talking to the chairman of the Dubai-based Uniworld group, Byram Javatand, the president said Pakistan is making strong economic progress with wide scope of investment in diverse fields, especially energy, information technology, telecommunication, agriculture and infrastructure. He informed the delegation that the policies of liberalisation, deregulation and privatisation had resulted in greater inflow of foreign direct investment (FDI) and both local and foreign investors enjoy similar incentives and opportunities. All sectors of the economy are open to foreign investors, Musharraf said, adding that the government has put in place strong measures to remove procedural and other impediments in the way of investment. Chairman Uniworld Javat said Pakistan’s economic upsurge, coupled with unprecedented incentives, has evoked great interest amongst foreign investors in the country. Like many other international companies, Javet said, his group also plans to make investment in the country to the mutual benefit of both Pakistan and his group. The company has shown interest in the country’s expanding hotel industry and healthcare sector.
President Pervez Musharraf said on Tuesday the geo-strategic location and with its business-friendly environment and consistency in policies, Pakistan has become a lucrative destination for foreign entrepreneurs, offering best of return with adequate legal safeguards on their investment.







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