PM vows to maintain peaceful
environment for investment: PM
Pak, Hong Kong agree to further promote trade ties
Hong Kong—Prime Minister Shaukat Aziz Tuesday reiterating Pakistan’s
commitment to maintain a stable and peaceful environment for local and
foreign investment urged the foreign investors to take advantage of
vast opportunities for investment available in different fields.
In his key note address at 1oth Asian Investment Conference here
organized by Credit Suisse Asia, and attended by CEO of many
companies, investors and businessmen from the region, the Prime
Minister said, Pakistan has been creating a conducive environment to
make it a regional hub for investment, trade and transport.
Referring to reforms agenda of the government, the Prime Minister said
it was based on effective implementation of liberalization,
deregulation and privatization policies of a private sector
competitive market economy.
The Prime Minister said, “We are establishing a new statistical
authority, reinforcing our security and exchange commission and
deepening our capital markets to provide maximum benefits and
opportunities to the investors.”
He said the financial sector is now primarily owned and managed by the
He said Pakistan is creating a modern private sector driven
competitive market economy that meets the aspirations of the people.
He said the second generation reforms of Pakistan are designed to
create effective institutions of a private sector competitive market
He said Pakistan offers vast opportunities for investment in energy,
oil and gas, mining, engineering, automobiles, infrastructure
development, information technology and telecom, financial and
“We also have a sound and transparent privatization programme as well
as opportunities for public-private partnership,”said Prime Minister
while giving details about Pakistan’s success story to the conference
The Prime Minister said maximum local and foreign investment is being
received in sectors where the government had undertaken reforms. These
sectors, he said, are Telecom, Oil & Gas, Banking and financial
He said, “Pakistan is open for business. The economy is vibrant and
the business environment is highly favourable for local and foreign
investors.” There are unlimited opportunities for making investments
in greenfield projects, in privatization programme, and capital
markets, he added.
The Prime Minister said, “Pakistan has undergone a positive
transformation during the last seven years and poised to be a leading
emerging economy of the world.” He said there has been a rapidly
growing middle class fuelling unprecedented growth adding that
Pakistan is rapidly transforming into a major market economy with
large product, services and labour markets and a world class
manufacturing and servicing centre of the region.
Earlier, Pakistan and Hong Kong on Tuesday agreed to forge closer
economic links by enhancing level of trade and investment between the
It was decided in a meeting of Prime Minister Shaukat Aziz and Chief
Executive of Hong Kong Donald Tsang, which was held here.
The meeting was also attended by Minister for Privatization Zahid
Hamid, Minister of State for Information and Broadcasting Senator
Tariq Azim Khan and Advisor to Prime Minister on Finance Dr Salman
The two sides agreed to increase frequency of flights between the two
countries and easing the issuance of visa to businessmen of the two
countries to promote trade and investment and increase interaction
between the private sectors.
Prime Minister Aziz gave an overview of economic development in
Pakistan and said that due to liberal and investment friendly
consistent economic policies; there has been tremendous increase in
the foreign investment in different fields.
The Prime Minister said investment is flowing in all the sectors from
different parts of the world.
He said there is level playing field available to local and foreign
investors and any one could invest in any sector without any
discrimination and restriction.
The Prime Minister said Hong Kong is the financial hub and Pakistan
wants to learn from its experience to further promote investment
opportunities in the country.
Referring to his forthcoming visit to China, the Prime Minister said
bilateral relations between Pakistan and China would be further
strengthened following this visit.
He said China, being a global power, is source of strength for
Pakistan and both the countries have time tested relations based on
strong bonds. The Prime Minister also congratulated the Chief
Executive of Hong Kong who has been re-elected for the next five years
The Chief Executive of Hong Kong, Donald Tsang said the relations
between Pakistan and Hong Kong would be further improved with the
investment from different companies in Pakistan taking advantage from
the liberal and investment-friendly policies..—APP
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