PM Nawaz invites global entrepreneurs to invest in Pakistan

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ISLAMABAD Feb 09 (APP): Prime Minister Nawaz Sharif invited global entrepreneurs to invest in Pakistan and take advantage of its strategic location, rich human and material resources, political stability and attractive investment policy.

He was addressing corporate and business leaders from around the world here on Thursday, the PM said Pakistan with its sixth largest population in the world, eighty million middle class and attractive investment environment is a destination no global player can miss.
He said Pakistan set on track for sustainable growth. The PM invited them to take benefit from the economic revival of Pakistan and enjoy the first mover’s advantage.

Nawaz Sharif said China Pakistan Economic Corridor (CPEC) is a key regional initiative for connectivity and shared prosperity of nations. “Apart from energy, road and rail infrastructure, industrial parks and economic zones and a state of the art Deep Sea Port at Gwadar give CPEC the potential of changing the destiny of the people in the region and beyond” the PM said.
The corridor will substantially shorten transportation distances between Africa and Middle East to Central and South Asian regions. CPEC would connect the port of Gwadar to Kashghar he added.

The Prime Minister said when the Government took over the economy faced severe energy shortages, inflationary pressures, exchange rate volatility and a precarious security environment. Today, the Government has managed to stabilize the economy despite unfavorable global economic conditions he maintained. He said from a 3% GDP growth before 2013 the country is to achieved 5.5% GDP growth this year. The economy targeted to grow over 8% between 2018 and 2025 while maintaining single digit inflation.

Nawaz Sharif said our reforms are multifaceted as we reduced bank interest rates, eliminated tax exemptions to provide a level playing field, strengthened tax administration, rationalized untargeted energy subsidies and widened society safety nets. He said we are well aware that international investors need stable markets backed by clear and consistent policies. We are committed to maintaining an enabling policy framework to attract foreign direct investment.
APP/Hamza/Was/VNS Islamabad