News

Check out market updates

OPIC attract overseas Pakistanis to invest in Pakistan: Shaukat

Prime Minister Shaukat Aziz has said that the forthcoming Overseas Pakistanis Investment Conference (OPIC) being held in Islamabad should effectively be used to galvanize maximum number of overseas Pakistanis to invest in Pakistan.

The Prime Minister said this while chairing a briefing on the Overseas Pakistanis Investment Conference by Federal Minister for Labour, Manpower and Overseas Pakistanis Ghulam Sarwar Khan at the PM”s House Tuesday, said a press release issued here on Tuesaday.

The Prime Minister said that overseas Pakistanis are encouraged to invest in the country because it offers attractive investment climate in the country as borne out by the record Foreign Direct Investment of $ 3.8 billion in the country last year.

Another factor that has evinced the interest of overseas Pakistanis is the fact that Pakistan offers level playing field both to Pakistani and foreign investors without discrimination, the Prime Minister added.

The Prime Minister said that the Conference will provide an opportunity to overseas Pakistanis to benefit from investment opportunities in Pakistan and help them take advantage of the investment opportunities in the country.

The Prime Minister said that there is an urgent need to familiarize the overseas Pakistanis of the vast opportunities of investment existing in the country. He said the overseas Pakistanis are already remitting over 4 billion dollars to Pakistan which helps towards its economic development.

Ghulam Sarwar Khan updated the Prime Minister about preparation to hold the OPIC on March 5-6, 2007.

He said that a large number of Overseas Pakistanis seriously interested in investing in the sectors like IT, Construction, Agro-farming, light engineering and services sectors will attend the Conference with an investment potential of about 3 billion dollars.

He said that participants form 26 from countries including the US, UK, Europe, Middle East, Canada, Far East and other regions have shown their interest to attend the Conference. He also said that steps would be taken to ensure that the investment done by the Overseas Pakistanis is secure and profitable.

The meeting was also attended by Federal Minister for Education Lt. Gen. (Retd) Javed Ashraf Qazi, Minister for Industries Jahangir Khan Tareen, Deputy. Chairman Planning Commission. M. Akram Sheikh, Chairman NAVTEC. Altaf Saleem and senior officials.
Source: The Nation

Discuss, analyse & share your views (kindly avoid sharing your email & contact number for your safety)