Foreign investors have shown interest in Pakistan due to immense market potential and improved governance in the country. The speakers stated this while speaking at a seminar organized by Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) to introduce "Land lease and incentives for foreign and local Entrepreneurs in Pakistan", here on Thursday.
PCJCCI Vice President Ahmed Hasnain said that PCJCCI was making focused efforts to attract foreign investors towards Pakistan, for which the proposals were being derived to ease out the land lease procedures in the country. He said that the challenges of unemployment, poverty and illiteracy can only be addressed by creating a conducive environment for investment.
Chairman PCJCCI Standing Committee on Financial Service Dr Iqbal Qureshi said that this seminar is part of the series of PCJCCI awareness campaign on entrepreneurship and investment promotion between China and Pakistan. He asserted that the country needed radical changes in the economic policies for enhancing ease of doing business, for which land lease incentives can play pivotal role.
Fareedullah Qureshi said that entrepreneurship was viewed as a combination of innovation and risk taking phenomenon by the world economists. The promotion of entrepreneurship thrives, high growth rates creating opportunities for all spheres of society, whose positive impact, ultimately, reaches the poor strata of the society in the form of employments. The world had become more globalized, where technology and communication had allowed businesses expanding to the international markets, talent and information. He further said that the foreign remittances can be enhanced from $20 billion to $30 billion by giving more incentives to the investors.