- Advertisement -
CHINIOT. Oct 20 (APP):Federal Minister for the Board of Investment, Qaiser Ahmed Sheikh on Monday said that investment opportunities in Pakistan were rapidly increasing and attracting attentions of the various countries.
Speaking to the media persons during an open court here, he stated that a major investment conference was recently held in China, where more than 300 Pakistani companies participated.
During the event, several joint ventures worth billions of dollars and multiple memorandums of understanding were signed, which were now being implemented, he added
The minister said that Pakistan’s relations with the United States and other global powers had improved, reflecting the country’s growing importance.
He highlighted that Pakistan possessed vast reserves of rare minerals, which had now become even more valuable than oil.
The agreements under the Reko Diq project related to copper and other minerals were in their final stages and would significantly strengthen the national economy, he added.
Qaiser Ahmed Sheikh stated that Pakistan had now chosen the path of economic self-reliance.
“In the past, we relied on the aid,” he said, adding “but now we are moving forward through investment and joint ventures.” He added that the IMF recently approved a $1.2 billion agreement, demonstrating global institutions’ confidence in Pakistan’s economy.
All three major credit rating agencies had upgraded Pakistan’s ratings, and for the first time in 14 years, the country’s current account had recorded a surplus, the minister said.
He noted that the Pakistan Stock Exchange was currently among the best-performing markets in the world, with increasing foreign investor interest, adding the government was also promoting the digital economy, resulting in a notable rise in IT exports.
The minister said that the government was actively working to resolve the problems faced by the business community. Through coordination with the FBR and other relevant departments, facilities were being provided to the business community, adding . A “One-Window Operation” was being launched for investors to eliminate the complicated procedures for permits and licenses.
Qaiser Ahmed Sheikh further stated that the Punjab government was providing compensation of up to one million rupees to flood-affected families.
The minister said the relief camps had been established in the affected areas where thousands of people were being provided with medical treatment and medicines.
He added that the prime minister and his team were working tirelessly for economic stability, adding the youth were being equipped with modern skills and technology to make Pakistan a strong, self-reliant, and prosperous nation.
He concluded by saying, “If we all work together, Pakistan’s future will be extremely bright. The doors to investment are now open, and we must take full advantage of this opportunity.”