|
|
|
|
|
The highest ever-foreign investment of US $ 8.4 billion witnessed during
2006-07 would be further increased after the implementation of restructuring
strategy. Mr. Muhammad Wasi Zafar Federal Minister for Privatisation &
Investment stated during an Iftar-dinner hosted by him in the honor of the
representatives of the national print and electronic media.
The Minister said that the continuity and consistency of the policies have
yielded remarkable results. Pakistan is a safe haven for all investors where
they enjoy no restriction for availing the exciting investment opportunities
in any sector of economy in a liberal environment to invest 100 % equity and
to repatriate the desirable amount of equity and profit without any
permission. The Board of Investment is providing all assistance to the local
and foreign investors without any discrimination in a level-playing
atmosphere. Pakistan was an investors friendly destination where the investors
can expand their operations, start their new ventures and make out profits in
a competitive environment as more than 600 multinational companies are
successfully operating in Pakistan, he added.
Based on the three pillars of deregulation, liberalization and privatisation,
the economic reforms have resulted in very impressive economic growth over the
last several years, with dramatic improvement in all major economic
indicators, which have completely transformed the economy and placed it on the
path of rapid growth, he said.
Mr. Wasi Zafar further stated that the government’s broad based and
comprehensive privatisation program, its attractive, liberal investment policy
and the exciting investment opportunities in Pakistan today have yielded
record results. Pakistan has comprehensive and broad based Privatisation
Program, which provided attractive opportunities and PC Ordinance 2000 has
given statuary cover to the whole process, he added.
The Minister further informed that Pakistan has so far privatised 166 public
sector units raising US $ 7 billion since 1991 while 87 % of the privatisation
was completed during the recent 7 years realizing around US $ 6.1 billion
through the privatisation of 61 transactions. Our Privatisation Program
provides a number of opportunities in Oil & Gas, Power, Engineering, Financial
Institutions, Minerals, Tourism and Restaurants sectors, he informed.
Mr. Mushtaq Malik Secretary Board of Investment (BOI), Mr. Ahmed Jawad,
Federal Secretary Ministry of Privatisation & Investment and senior officials
of PC and BOI were after also present on this occasion.