CPEC to make Pakistan, a regional manufacturing hub; attractive market for FDI: PM

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CPEC to make Pakistan, a regional manufacturing hub; attractive market for FDI: PM

ISLAMABAD, Aug 25 (APP): Prime Minister Muhammad Nawaz Sharif on Thursday said China Pakistan Economic Corridor will make Pakistan a regional manufacturing hub and very attractive market for Foreign Direct Investment (FDI) as it comprised major infrastructure, energy and communication projects.

In a meeting with President KOC Group Turkey Fatih Kemal Ebiclioglu along with delegation which called on him at the PM House, the prime minister said Pakistan’s outlook for attracting Foreign Direct Investment was continuously improving and the improvement in security situation has enhanced Pakistan’s position as an attractive destination for FDI in the last three years.

Ambassador of Turkey to Pakistan Babur Girgin was also present during the meeting.

Welcoming the delegation, the prime minister said that the government and people of Pakistan attached great importance to relationship with Turkey. Pakistan and Turkey shared common perceptions on all regional and international issues, he added.

Prime Minister Nawaz Sharif appreciated the initiative of the KOC Group to enter into the Pakistani market by acquiring Dawlance, Pakistan’s premium home appliances company.

Appreciating the current FDI from Turkey to Pakistan in energy, infrastructure, construction and services sectors, the prime minister expressed hope for substantial increase in investment from Turkish companies in future.

“Our Investment Policy has been designed to provide a comprehensive framework for creating a conducive business environment for the attraction of Foreign Direct Investment;
Pakistan’s policy trends have been consistent, with liberalization, de-regulation, privatization, and facilitation, being its foremost cornerstone,” he said.

He said it was encouraging that leading Turkish companies were interested in investment in Pakistan’s energy, infrastructure, construction and services sectors.

Appreciating the economic turnaround achieved by the present government Fatih Kemal Ebiclioglu said that Pakistan was an ideal place for investment and his company is determined to further invest in various sectors of Pakistan’s economy.

He said the acknowledgement of Pakistan’s improved economic credentials by credible International Financial Institutions the world over is indeed commendable. Pakistan has immense potential for investment which is bound to increase phenomenally in near future due to the prudent economic and investor friendly policies of the present government, he added.

Other members of the delegation included Levent Cakirogiu, Hakan Hamdi Bulgurlu and Salih Arslantas. Muhammad Ishaq Dar, Minister for Finance, Engineer Khurran Dastgir Khan, Minister for Commerce, Mifta Ismail, Chairman BOI and other senior government officials were also attended the meeting.