GOVERNMENT COMMITTED TO FACILITATE DOMESTIC & FOREIGN INVESTORS IN ALL SECTORS- Syed Naveed Qamar
 

Islamabad, January 20, 2009

The government is committed to support and facilitate domestic and foreign investors in all sectors and is endeavoring to resolve all sorts of bottlenecks. Syed Naveed Qamar Federal Minister for Privatisation stated this during a meeting with Mr. AbdulRahim Al-Nooryani Chairman & Chief Executive Officer ETISALAT International Pakistan here today.

Syed Naveed Qamar said that Pakistan accorded equal treatment and level playing field to the both local and foreign investors without any discrimination. Liberal investment policy included 100 % foreign equity in all economic sectors, with attractive incentives, he added.

The Minister assured the Chairman Etisalat that all out efforts were being made on fast track basis to resolve the outstanding issues relating to Pakistan Telecommunication Company Limited (PTCL). The interest being shown by UAE investors in the Pakistan economy and the privatisation activity reflected the close ties between the two brotherly countries, he stated.

Mr. AbdulRahim Al-Nooryani Chairman & Chief Executive Officer ETISALAT International Pakistan appreciated the governmentʼs efforts in resolving the outstanding issues and expressed his satisfaction over the progress being made by PTCL after its privatisation. He assured the Minister that the PTCL would continue to further progress and contribute in the economy of Pakistan.