Being a big emerging market, Pakistan offers excellent prospects of profitable investment in a host of areas, said Senate Chairman Mohammedmian Soomro on Tuesday. He was talking to the President of Eurasia Group, Ahmed C Bozer and Irial Finan, President Bottling Investment and Supply Chain of the Coca Cola Company who called on him here.
The Senate Chairman said it was high time to take advantage of the investor-friendly policies being pursued by the government. "The middle class is expanding with growth purchasing power. Ours is one of the fastest growing economies and the demand for goods and services is increasing rapidly", he observed. He said the government was focusing on infrastructure development.
The Chairman said that the opening up the economy and the long-term reforms process initiated by the government having a catalytic impact on all sectors of the economy particularly manufacturing.
He further added that the climate of investment was very conducive owing to these reforms and the macro-economic stability achieved over the years. He said that the reforms had completely transformed the economy and the country had now emerged as an attractive destination for potential investors and entrepreneurs.
He also referred to the fact that Pakistan enjoys an advantageous position owing to its geographical location, which borders three important world regions-Gulf, Middle East and Central Asia.
The Eurasia Group president commended the achievements made by the country in the economic field and said that it made an impressive economic recovery during the last couple of years, which remained unaffected by the massive increase in the oil prices and the devastating earthquake of October 08, 2005. He also apprised the Chairman of the operations of his Group and its expansion plans in the country. He said the group was bringing in more investment in a number of areas to consolidate the earlier gains.