Pakistan a destination of choice for investors

ISLAMABAD (APP) - Prime Minister Syed Yusuf Raza Gilani on Monday said that due to country's geo-strategic location, availability of skilled manpower, better infrastructure, provision of raw material and low manufacturing cost, Pakistan has become a destination of choice for foreign investments. He was talking to Chairman Board of Investment, Saleem H. Mandviwala, who called on him here the PM House. The Prime Minister expressed the hope that BOI under the able leadership of Mandviwala would work vigorously towards bringing more foreign direct investment in the country. He underscored the need for persuading the foreign investors to take full advantage of the investment friendly atmosphere present in Pakistan. The Prime Minister said that due to well thought-out economic policies introduced by his government in stabilizing the overall economic situation as well as controlling inflation, the economy has now started showing positive results. He said such short and long term measures would go a long way to steer the country out of the current economic challenges and ensure accelerated development of human resources, health, education, energy and banking sectors relevant to the national need. The Prime Minister said the government has implemented measures to encourage foreign investment with liberal foreign exchange framework and full legal protection. Mandviwala informed the Prime Minister that the BOI has already started prioritising its goals and targets keeping in view the specific instructions given by the Prime Minster. He said various initiatives for bringing more FDI into the country are underway and expressed the hope that this year investment would surpass last year's figures.

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