Foreign Minister Makhdoom Shah Mehmood Qureshi has re-affirmed the PTI government commitment to fully encourage foreign investment in Pakistan and provide all out assistance to investors especially those interested to pump money in Special Economic Zones (SEZs) under CPEC.
He said this during a meeting with Chairman Faisalabad Industrial Estate Development and Management Company (FIEDMC) Mian Kashif Ashfaq who called on him on Sunday. The foreign minister said that there exists vast investment opportunities in Pakistan in the fields of energy, agriculture, health, education and construction for foreign investors.
"The government is planning to envisage a comprehensive strategy in the wake of coronavirus pandemic especially in context of post corona era for initiating economic diplomacy through activating all embassies to apprise foreign investors on lucrative business opportunities in Pakistan," Qureshi said.
He said the first phase of CPEC focused on infrastructure development and energy generation while in the second phase industrial cooperation and socio economic development are our priorities.
He also appreciated Mian Kashif Ashfaq for accelerating the pace of development projects in Allama Iqbal Industrial City and asked him to seek mutual cooperation from investors of this whole region, especially the landlocked Central Asian States and Afghanistan, to benefit from the China-Pakistan Economic Corridor (CPEC) which is a game-changer for the entire region and there is no restriction on any country, including the USA, to invest in the SEZs being established under CPEC.
Chairman FIEDMC Mian Kashif Ashfaq apprised the minister that approximately Rs450 billion foreign and local investments would be pumped into Allama Iqbal Industrial City. Kashif Ashfaq said FIEDMC, following the vision of Prime Minister Imran Khan, was extending maximum facilities and services to businessmen under one roof for ease of doing business in the province.
Moreover, Chairman United Business Group (UBG) Iftikhar Ali Malik has congratulated Prime Minister Imran Khan for making SAARC Anti-Corruption Forum a real success. "Pakistan has proved itself as a role model for South Asian countries in stamping out menace of corruption," Malik said adding: "Pakistan is the only country where Corruption Perception Index (CPI) according to Transparency International Report has declined."
Malik said that time has come that all the respective governments of SAARC countries should have a zero tolerance for corruption and money laundering.