Country highly attractive destination for investment
Prime Minister Nawaz Sharif on Wednesday said that Pakistan strongly favours synergizing energies in the region to support China Pakistan Economic Corridor (CPEC) project and emphasized for not indulging in negative publicity for the betterment of common man.
“Pakistan is a highly attractive destination for investment that no global player can afford to miss,” he said while speaking at ‘One Belt-One Road Pakistan Investment Forum’ organized by China Innovative Finance Group Limited and Consulate General of Pakistan in Hong Kong.
The Prime Minister said, “Pakistan’s investment policy is focused on reducing the cost of doing business.” He urged prospective investors to benefit from economic revival of Pakistan and enjoy the first mover’s advantage saying that, “Pakistan is ready to do business with the world.”
Nawaz Sharif said his vision was to empower the people through economic development adding that, “CPEC is a core component of One Belt, One Road (OBOR) initiative of Chinese President Xi Jinping designed for regional integration for peace and development.”
He said, “CPEC is a key regional initiative for connectivity and shared prosperity of nations. The project has the potential of bringing improvement in the lives of people, in addition to its projects related to energy, road and rail infrastructure, industrial parks and economic zones.”
He said, “Nine Special Economic Zones are being established along CPEC route where foreign companies can invest in factories, warehouses, logistic centres and much more for consumption in Pakistani market and export.” He said, “The Corridor would connect the port of Gwadar to Kashghar and would also link the resource-rich Central Asia, oil-rich Gulf States and Europe. It stands at the cross-roads of an economic revolution which would produce win-win outcome for all.”
He said, “The Government has devised a comprehensive plan to create an investment friendly environment. We have liberalized investment policies to welcome Foreign Direct Investment (FDI), offered incentives to attract new capital inflows including tax exemptions, tariff reductions and investment facilitation services.”
The Prime Minister said, “Pakistan was emerging as a rising and secure country, on the track of sustainable growth due to its liberal investment policies.”
Shedding light on war on terror, he said, “It is true that no other country has suffered from terrorism more than Pakistan but today, I present to you a rising, confident and secure Pakistan – a country full of vigour to make its mark in the world.”
He invited businessmen of Hong Kong to invest in Pakistan and take advantage of its strategic location, rich human and material resources, political stability and attractive investment policy.
He said, “Despite numerous challenges, Pakistan is becoming an emerging economy and a destination that no global player could afford to miss. Pakistan with its sixth largest population in the world, 80 million middle class and attractive investment environment was a destination for investors.”
He said, “There was no minimum requirement for the amount of foreign equity and the investors could repatriate 100 percent profits and dividends. The consumer market in Pakistan is growing at a very fast pace, adding the consumer demand for automobiles, housing and electronics was thriving and providing considerable returns to the corporate sector.” He mentioned that, “The services industries particularly telecommunication, hospitality and online-retail are fast growing into attractive areas for investment.