Investment policy designed to attract FDI: PM

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APP02-03 ISLAMABAD: March 03 - Xu Ziqiu, Chairman China Shipbuilding Company called on Prime Minister Muhammad Nawaz Sharif at PM House. APP

ISLAMABAD, Mar 3 (APP): Prime Minister Muhammad Nawaz Sharif
Friday said the country’s investment policy had been designed to
provide a comprehensive framework for creating conducive business
environment for attraction of Foreign Direct Investment (FDI).
“We have adopted a very liberal and investor-friendly policy
which provides no restriction on remitting capital, profits and
dividends,” the Prime Minister said in a meeting with Chairman China
Shipbuilding Company Xu Ziqiu, here at PM House.
The Prime Minister said Pakistan’s policy trends had been
consistent with liberalization, de-regulation, privatization, and
facilitation being its foremost cornerstone.
He said the government had seriously focused on improvement in agriculture, industrial and services sectors and a number of public
sector development programmes had been initiated.
He said economic outlook of Pakistan had altogether changed in
last four years, which was being acknowledged globally.
He mentioned that inflation was continuously on downward trend, whereas stocks, foreign exchange reserves and home remittances were on the rise.
The Prime Minister invited the China Shipbuilding Company to invest in collaborative projects with PNSC and Karachi Shipyard.
The meeting was attended by Sun Weidong, Ambassador of China to Pakistan; Tariq Fatemi, Special Assistant to PM; Mifta Ismail, Chairman Board of Investment and other senior officials.