ISLAMABAD - Pakistan and France on Wednesday agreed to organise the Business and Investment Forum at Paris in mid of May to highlight different investment opportunities in Pakistan.

Martine Dorance, Ambassador of France in Pakistan, and Minister of State/Chairman Board of Investment Dr. Miftah Ismail discussed the key areas of investment opportunities available in Pakistan.

Miftah highlighted the investment potential and opportunities available for French investors/companies in Pakistan. He also informed her that laws have been tailored to safeguard and ensure protection of investments. The foreign investment is fully protected under the Foreign Private Investment (Promotion & Protection) Act, 1976, and Protection of Economic Reforms Act 1992.

Martine Dorance further informed that French investors/companies are interested to invest in Pakistan specifically in pharmaceutical and many other sectors. The Chairman, BOI informed her that Pakistan has dire need of car manufacturing unit, due to growing demand of the people of Pakistan.

US consul general visits KPCCI

Staff Reporter from Peshawar: US Consul General William Martin Wednesday discussed economic development in Khyber Pakhtunkhwa and the Federally Administered Tribal Areas (FATA) as well as US investment in the province and opportunities for bilateral trade and cooperation.

"Helping make Pakistan economically vibrant is one of the highest priorities of my government, not just because it's good for you - it's good for us too," Martin said during his visit to Khyber Pakhtunkhwa Chamber of Commerce and Industry.

"In the past five years, USAID programs have contributed to an increase in sales and exports for Pakistani businesses." US commitment to Pakistan's economic growth can also be seen in its investment in the energy, health and education sectors, Martin said. In partnership with the Pakistan government, the United States has added 1000 megawatts of energy to the national power grid since 2010.

In addition to building schools in underserved areas, the United States is also providing higher education scholarships from students from FATA and increasing cooperation and linkages between Pakistani and American scientists and institutions.