Gilani invites Kuwaiti entrepreneurs to invest in Pakistan

Assuring all-out support to the foreign investors and protection of their investments and capital gains, Prime Minister Syed Yusuf Raza Gilani on Tuesday invited the Kuwaiti investors and entrepreneurs to take advantage of the business-friendly environment in Pakistan. Pakistan has steadfastly pursued liberalization and de-regulation of economy and the privatization process. There is no upper limit of foreign equity and no restriction on repatriation of capital, profits and dividends, he maintained. The Prime Minister expressed these views in a luncheon meeting with the Kuwaiti businessmen and entrepreneurs here at the Kuwait Chambers of Commerce and Industry (KCCI) on the second day of his two-day official visit to Kuwait. He said that with an attractive package of tax incentives, investments in Pakistan were given comprehensive legal protection. Referred to the signing of a bilateral Agreement on Encouragement and Reciprocal Protection of Investment on Monday after his talks with the Prime Minister of Kuwait at Bayan Palace, Gilani said that after this agreement, any possible concerns that a prospective Kuwaiti investor might have nurtured about the safety of investment in Pakistan, have been put to rest.

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