LAHORE: Governor Punjab Chaudhary Muhammad Sarwar on Tuesday said that prudent economic policies of the Pakistan Muslim League-N government had restored the confidence of foreign investors and heavy foreign investment was pouring in the country.
The governor was talking to Vice President SAARC Chamber of Commerce and Industry Ifitikhar Ali Malik here. He said billions of dollars foreign investment, especially $32 billion from a private sector of China would usher in an era of progress, development and prosperity in the country.
He said that Pakistan offered exciting opportunities and was an emerging market for Chinese investment in all sectors.
The governor said, "Pakistan is now open to Chinese businessmen with best atmosphere of investment which provides significant possibilities for Chinese and other foreign investors."
"Pakistan with Chinese investment would achieve sustained growth in key sectors, including increase in per capita income and improvement in micro-economic in years to come, he added.
Iftikhar Ali Malik observed that Pakistan was ideally located geographically with immediate access to the Central Asian Republics and has a competitively affordable and expanding work force of 36 million.
He said Pakistan's foreign investment policy was open and liberal, which was good news for Chinese companies interested in doing business here.
He said all other chambers across the country including Federation of Pakistan Chamber of Commerce and Industry led by Usman Zakaria would help Chinese corporate sector to identify opportunities in Pakistan's vast resource based industries, such as oil, gas and petrochemicals, a fast growing infrastructure sector and other industries such as power and water, IT, garments, agriculture, livestock, communication, software and automotive manufacturing.
"Pakistan is a country rich in history, culture and natural resources", he observed and said he was confident that partnership between China and Pakistan which began over 63 years ago would go a long in the years to come.
Ifitikhar said that Pakistan under the dynamic leadership of Prime Minister Muhammad Nawaz Sharif and Chief Minister Punjab Muhammad Shahbaz Sharif will progress in every sphere of life and greatly help improve the socio-economic condition of the masses in the country on top priority.
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