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Pakistan is open for all investors for investment in all sectors without
any discrimination or restrictions on bringing in or taking out capital. Dr.
Abdul Hafeez Shaikh Federal Minister for Privatisation & Investment stated
this during a meeting with the visiting UAE investors delegation here today.
The Minister said that the government was ready to facilitate investors to
promote investment activity in the country. The investors were free to form
joint ventures or establish their own businesses with 100 % equity while more
than 600 multinational companies were successfully operating and making
profits in Pakistan, which has become a safe haven for investors due to the
government's liberal economic policies, development at macroeconomic level and
Foreign Investment doubled during the last three years, he said.
Dr. Hafeez Shaikh informed the delegation that investors from Middle East had
shown keen interest in our transactions such as HBL, UBL, Bank Al-Falah, KESC
and were actively participating in the privatisation process of PTCL, PSO,
OGDC, PPL, NRL, Jamshoro Power Company and other electric distribution units,
which were progressing satisfactorily. In the social sector Health, Education
and Information Technology were the promising areas for investment, he added.
The delegation leader Mr. Yousef Jameel, Chairman ALJ Group UAE briefed the
Minister regarding their activities in micro processing, new concept of
securities in biometrics and developing new therapy in collaboration with
German companies for cancer treatment and expressed keen interest in
establishing Cancer research activity, other healthcare areas and discussed
the possibilities of taking part in the privatisation of some upcoming
entities. Mr. David Hodgkinson, Deputy Chairman HSBC and Mr. Iqbal Khan, CEO,
HSBC Amanah were among the other members of the delegation.