KARACHI - Federal Minister for Planning, Development and Reforms Ahsan Iqbal has said that Pakistan has been changed into a different and a progressing country having a lot of potential for foreign and local investors and businessman to start and expand their business on the land of world’s new emerging economy.

He was speaking as a chief guest at “11th CEO SUMMIT ASIA 2015”, Best Leadership Award Ceremony & Book Launch of “100 Best Performing CEOs, Leaders & Companies of Pakistan 2015” held on Thursday at a local hotel.

The minister said the corporate sector and masses should alter their approach towards Pakistan as positive in tandem with visible development and peaceful scenario across the country which was made possible with efforts of democratic government. He added the world is witnessing Pakistan as important player in the region with the Chinese mega investment plans which will integrate country closer to Central Asian countries with a strategic role.

“China Pakistan Economic Corridor will bring development and prosperity in the country with investment of $40 billion by Chinese investors in the power sector along with $5 billion investment in infrastructure and networks of roads and bridges, Ahsan Iqbal added.

He said the trade corridor will not only limited to a country or a sector but it will expand its scope to mainstream industries and allied businesses that will be given boost by new road of progress.

He said the government is taking initiatives to build Pakistan in collaboration with local and foreign investors who believe Pakistan as lucrative and high-returned market for them.

The minister added that government giving top priority to energy sector hence it is exerting all out efforts to generate electricity at reasonable rates in order to pave the way towards a country as industrial state. In this regard, the government will borrow loans from World Bank and Asia Development Bank at 2 percent interest rates.

Aamir Niazi (CEO, Descon Oxychem & Descon Chemicals Ltd); Ijaz Nisar founder & President CEO Club Pakistan & Manager Today Magazine; Atif Bajwa (President & CEO - Bank Alfalah Limited); Muhammad Ali Tabba (CEO - Lucky Cement Ltd); Irfan Siddiqui (President & CEO - Meezan Bank Ltd); Marvi Memon MNA PML; S M Muneer, Chief Executive TDAP; Nadeem Hussain (founder/president - Tameer Microfinance Bank); Khalid Nawaz Awan Chairman – TCS; Dr S Mujtaba Ghaus (Chairman, Grace Refinery Limited Pakistan); Junaid Ahmed (CEO, Dubai Islamic Bank Pakistan) and others address on the occasion.

As many as 600 top chairmen, CEOs, presidents, MDs, country managers, entrepreneurs, government officials, business hitachi, diplomats, business leaders and C-level management attended the event.