Foreign investors looking for new destinations in Pakistan

Our Correspondent

Chairman of National Business Group of FPCCI, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain has said that foreign investors are finding new investment destinations therefore Pakistan should try to lure them.

In a statement issued here on Wednesday, he said that foreign investors are losing interest in Vietnam, Bangladesh, India and China due to increased wages and some other problems and they are exploring new venues, he said.

Mian Zahid Hussain said that Pakistan can get foreign investment if political stability is ensured, investment policies are improved and consistency in policies is guaranteed.

He said that exports, imports, remittances and the exchange rate is satisfactory but foreign direct investment (FDI) is falling.

FDI has been reduced by 35 percent from July to March while FDI in March was 40 percent short of the FDI in the corresponding month.f

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