Prime Minister Shehbaz Sharif on Tuesday highlighted that promoting foreign direct investment in the country to transform challenges into opportunities was top priority of the government.
He was chairing a high level meeting to review progress on foreign investment. The meeting reviewed in detail the progress on the memorandum of understandings and agreements with the Gulf countries under Special Investment Facilitation Council.
Talking to participants of the meeting, the prime minister said all possible facilities will be given to the investors adding that special cells in the federal ministries will be established to promote innovation and research in the investment sector.
The prime minister said the establishment of SIFC had helped restoring confidence of the investors.
He directed that a feasibility study should be conducted for such projects which had the potential to attract investors and the services of internationally recognized experts should be obtained in this regard.
He emphasized that there should be no compromise on the quality of the projects presented for investment. The prime minister also directed all the ministries to further improve their relations with the Gulf countries regarding the progress on their respective MoUs. While chairing a high-level meeting on the export sector, the Prime Minister directed for formulation of a strategy aimed at two-fold increase in the country’s exports within next five years. He also asked the Ministry of Trade for compiling of such a strategy in consultation with the successful entrepreneurs and stakeholders. The meeting was attended by ministers including Jam Kamal, Rana Tanveer Hussain, prominent E-commerce entrepreneurs like CEO Utopia Jabran Niaz, Zeeshan Shah, Salman Ahmed and other relevant authorities, PM Office Media Wing said in a press release. During the meeting, the prime minister directed for extending facilitation to exporters in the E-Commerce sector who had been exporting country’s product to the world, besides resolution of the issues of “Made in Pakistan’ brand exporters.
PM Shehbaz said that they were taking steps for maximum utilization of the export sector, adding for the promotion of IT, domestic use item, textile and other exceptional sectors, the relevant stakeholders should be taken on board.
The meeting was apprised of proposals and recommendations for the development of export sector and the strategy in this regard.
The prime minister underlined for submission of recommendations over promotion of such industries that were exporting those items which had been part of the global value chains.
