Pakistan becomes a safe haven for investment: Governor

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Sindh Governor Imran Ismail Friday said that the economy of the country hadstrengthened and Pakistan had become the safest country for investments across the globe.

The country was now offering security to investments with promising returns, he said while addressing as chief guest at an MoU signing ceremony between Small and Medium Enterprise Development Authority (SMEDA) and an e-commerce company “Extreme Commerce” at the Governor House.

Imran Ismail said the policies adopted by Governor State Bank of Pakistan (SBP) Raza Baqir had yielded fruitful results on economy of the country, however initially his appointment as Governor of the central bank had been criticized by some segments.

He said that the government had primarily focused on uplifting the middle class society of the country for which the government paid its particular attention towards promotion of small and medium enterprises (SMEs).

The governor said that the SMEDA had lost its glory in the past and putting new energy it was imperative.

Earlier, the citizens belonging to middle class segment of the society had to face numerous difficulties for his new start-up.

Now paradigm shift was noticeable as the SMEDA was working actively and was assisting the new start-ups in the country, he said.

The governor appreciated the efforts of Chief Executive Officer (CEO) SMEDA and his team for their efforts.

About the MoU, Imran Ismail said that it would prove to be a milestone. He felicitated the Amazons entry to the Pakistan.

Speaking on the occasion, CEO SMEDA Hashim Raza said the MoU between the SMEDA and Extreme Commerce was a result of collective efforts of the officials of Ministry of Commerce, SBP and SMEDA.

He said the SMEs were the backbone of the economy of the country. Efforts were underway to double the size of domestic e-commerce market as about 400,000 people were employed in this sector, he added.

CEO Extreme Commerce, Deputy Governor SBP and President Bank Alfalah also spoke on the occasion.