Pakistan
has already liberalized its economy and is successfully marching
towards market economy. Our private sector has assumed the role
of frontline player in the economic field.
Pakistan
is an investor friendly country. We offer equal treatment to local
and foreign investors while all sectors are open for foreign investment
under complete legal protection. The foreign companies can start
their business without any official approvals on 100% equity basis.
Moreover, the Government has established Special Economic Zones
(SEZs) to offer some additional benefits and facilities to the
foreign investors. Now, the foreign businesses can freely remit
royalties, technical and franchise fee, capital, profits and dividends.
Moreover,
to provide a hassle free business environment, I have placed the
Board of Investment under my Secretariat to sort out expeditiously
any unforeseen hitch in business operation. Now, the Board of
Investment has almost become ‘One Window’ operation to facilitate
investors. The Board has been mandated to attract and facilitate
the investors.
Being
the sixth populous country in the world, having a young demographic
profile, abundant availability of skilled manpower, rich mineral
resources and bumper agriculture production, Pakistan is an attractive
destination for investors. Pakistan falls among the middle income
countries and presence of a large middle class provides vast local
market to the business as well.
Despite
challenges in the recent past, Pakistan’s economy remains resilient.
Our economy has achieved a five-year compound annual growth rate
(CAGR) of seven percent. Modern banking sector, growing industrial
and agriculture sectors are making significant contribution in
the national economy. There are numerous opportunities for foreign
investors especially in the engineering power, horticulture and
manufacturing sectors. The Government aims to diversify the economy;
therefore, an enabling investment environment for investors has
been created in the country.
Our
Government assures complete support and cooperation to both the
local and foreign investors, and welcomes them to look at Pakistan
as a preferred investment destination.
Syed Yusuf
Raza Gilani,
Prime Minister, Islamic
Republic of Pakistan
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